Introduction
Ventacare Nursing Homes offers competitive salaries and excellent benefits packages to its employees. Employees’ wages at nursing Homes are based on experience, qualifications, and the type of work they perform. Employees also receive various other benefits, such as health insurance, vacation pay, and retirement savings plans. According to Martocchio (2020), human resource managers can develop adequate employee compensation and benefits packages. This can be achieved through exhausting different various aspects of the organization like output analysis, evaluation and reward procedures. They also handle aid packages, employee relations, and other HR-related duties. Regarding compensation, HR ensures that employees receive fair and competitive salaries, bonuses, and other benefits.
Discussion
The organization should adopt a cost-sharing education program to minimize its expenditure. Initially, the company reimbursed all the money used by employees in advanced learning, which a discretionary benefit. This may result in drawbacks in terms of employee productivity, but through effective communication, the involved parties will reach an agreement that favors all. According to Backman (2022), the Bureau of Labor Statistics recorded that more than 4.5 million people quit their jobs resulting in a precarious shortage of skilled personnel. Nonetheless, organizations that facilitated employee education and training retained their labor force because they felt valued. As such, while it is costly to reimburse employees for their education fees, the company will ensure that it shares the cost for retention and job satisfaction.
The human resource department should develop an alternative approach to offer relocation assistance. This is a discretionary benefit that all employees of the nursing home enjoy. While this may seem minor or even farfetched, the company has many houses and even more people under its employ, meaning that these cumulative costs increase with time. As such, the director should implement a plan of employing locally trained persons, and this will ensure that the company does not have to incur extra costs facilitating employees’ relocation. Additionally, local employment will ensure employees are not uprooted and forced to move away from their families, which at times disorients them, thus affecting their productivity. According to Gandhi et al. (2021), nurse turnover was recorded on the rise mainly due to location and star rating. Increased nurse turnover may result in a shortage of registered nurses, thus leading to overworking and exhaustion of the remaining employees, consequently reducing the quality and safety of the services provided (White et al., 2020). Local people are already familiar with the neighboring communities’ environment and way of life; therefore, their output will be maintained.
Ventacare nursing home offers an array of nonmonetary compensation programs to its employees. However, with increased budgetary cuts and reduced benefits, the human resource director should focus on increasing compensations to match the anticipated cuts and reductions. This will be essential in ensuring employee retention and motivation despite implementing changes. Ventacare HR’s compensation plan allows organizations to retain and reward their employees in a way that aligns with their strategic objectives. According to the SHRM (2022), this gives a comprehensive overview of the current trends in employee benefits offered and provides organizations with up-to-date information that can help inform their decisions regarding the benefits they provide. Some of the new compensation programs that the director should introduce include the meal and snack allowance, on-site childcare services, and transportation reimbursement (Mamorsky, 2022). The importance of meal and snack allowances for nursing home employees must be recognized.
Nursing home employees often work long hours and are on their feet for extended periods, and they need to be able to take breaks for meals and snacks. Providing employees with meal and snack allowances helps ensure their basic nutritional needs are met, allowing them to stay focused and alert while on the job. Meal and snack allowances also help to show employees that their work is valued, boosting morale and increasing job satisfaction.
On-site childcare services for nursing home employees are essential for various reasons. According to Mamorsky (2022), it enables employees to focus on their work without worrying about their children’s care. This will help improve workplace flexibility, thereby increasing employee productivity. Based on PWC findings, this would increase employee job satisfaction by 45% (Shewan, 2022). Additionally, on-site childcare services can provide a much-needed respite for parents who are already under a great deal of stress. Finally, having access to childcare services can reduce stress levels among employees, allowing them to handle better the challenging situations they might face while caring for their patients.
Transportation reimbursement for nursing home employees can be an important factor in employee retention and satisfaction. By providing reimbursement for their transportation to and from the nursing home, employers are offering a valuable benefit that shows they are committed to the health and well-being of their employees. This benefit can also make it easier for employees to access necessary medical supplies, access health care services, and reduce their commute times. Additionally, providing reimbursement can reduce overall employee stress and improve morale among the nursing home’s staff.
Conclusion
In conclusion, Ventacare nursing home employees’ human resource compensation is essential in creating a successful and productive workplace. By understanding the necessary wages, benefits, and other compensation elements, employers can create a comfortable working environment that will help attract and retain dedicated professionals. The director can cut costs during these financial strains by withdrawing discretionary benefits and adding more nonmonetary compensations to ensure employee retention. Additionally, by taking into account the changing nature of the healthcare industry and the needs of the employees, employers can ensure that they are offering competitive and attractive compensation packages that will benefit both employers and employees.
References
Backman, A. (2022). Education benefits could be key to attracting and retaining talent. HR Dive. Web.
Employee Benefits Survey. SHRM. (2022). Web.
Gandhi, A., Yu, H., & Grabowski, D. C. (2021). High Nursing Staff Turnover in Nursing Homes Offers Important Quality Information: Study Examines High Turnover of Nursing Staff at US Nursing Homes. Health Affairs, 40(3), 384-391. Web.
Mamorsky, J. D. (2022). Employee Benefits Law: ERISA and Beyond. Law Journal Press.
Martocchio J. J. (2020). Strategic Compensation: A Human Resource Management Approach (10th Ed). Pearson Education.
Shewan, J. (2022). Extend well-being benefits beyond corporate employees. WorldatWork. Web.
White, E. M., Aiken, L. H., Sloane, D. M., & McHugh, M. D. (2020). Nursing Home Work Environment, Care Quality, Registered Nurse Burnout, and Job Dissatisfaction. Geriatric Nursing, 41(2), 158–164. Web.