Compensation Essay Example | Topics and Well Written Essays - 750 words - 1

Compensation - Essay Example Each company in every industry across all countries has accountants who similarly have the same qualifications and skills with all the other accountants and thus, accounting is one example of a benchmark job. Once an individual is able to afford all the basic needs then the attainment of these needs seizes to become a motivating factor. However, the individual can become motivated again if he or she focuses on achieving other higher needs such as safety or social needs. If a school administrator sets a target for teacher to achieve for example to ensure that more than 50% of the students achieve grade B and above, if the teacher achieves this target he or she will receive an extra pay that is known as merit pay. According to the writings by (Milkovich, 450-700), broad banding is described as a practice whereby the human resource categories different jobs in ‘bands’ based on a broader classification such responsibilities and skill requirements. Broad banding eliminates small grouping of jobs, which usually result in many jobs groups. (Milkovich, 450-700), noted that among the key advantages of broad banding is that it reduces rivalry between employees in an organisation since it eliminates the emphasis on hierarchy or status within the organisation. Secondly, broad banding is advantageous to an organization because it makes the payment structure to be more flexible and responsive to the vary needs of the evolving environment. (Milkovich, 450-700) stated that it is not possible for certain organisations or countries to adopt the practice of broad banding, this is especially if the organisation or countries gives much regards to status or titles because of social factors and either the country or organization prefers the use of well defined procedures and policies. However, the practice can easily be adopted in organizations that are much flexible and prefer cross or lateral

Implications of Economics and Policy for Healthcare Professionals Research Paper

Implications of Economics and Policy for Healthcare Professionals - Research Paper Example follows from the ability of the principles to indicate whether the right investments are being made, leading to the creation of more health benefits. The principles also alert individuals, and other stakeholders of any available alternatives that can be used to meet health care needs in a better way. Considering the complex nature of health and health care is important when examining the economic principles related to health care delivery. It allows individuals and institutions to make informed decisions (â€Å"NSW Agency for Clinical Innovation, 2013). Profitable projects get to be implemented at the expense of unprofitable ventures. More to these, the process ensures improved allocation of resources, hence reaping maximum benefits. Learning about health policy leads to numerous benefits. Health policy enlightens on the various ways that the government uses to help its citizens in accessing health care. The government, for example, extends medical services to people who can hardly afford medical care. These include those living below the poverty line, the elderly, and even the disabled. Such knowledge enables health professionals to serve as educators in the society (Harrington & Estes, 2008). This ensures that more people access better health care, thus highlighting the importance of being conversant with the health policy of any government. Being conversant with the health policy also increases the ability to participate in the policy making process of the government, thus making important changes in health care (Bryant, 2002). This can be done through giving suggestions that can help improve the health conditions in a given country. Such participation ensures that critical issues, which the government cannot address in isolation, get to be solved, leading to a healthier society. My major question relates to the actions being taken by the government, given the ever increasing cost of health care. Health care becomes expensive on a daily basis, thus making it