Compensation Evaluation

You
were hired to work as a HR Consultant for a small local hospital, with
the task of expanding the workforce of certified medical assistants.
Looking at the current three employees, you find a discrepancy in
compensation between Susi, a 2-year employee at $28,000, Tom, 5-year
employee at $27,000, and Raul, a 10-year employee at $33,000. All are
employed as certified medical assistants, yet they all make different
amounts of money. According to survey data, all three employees are
below the market rate for this job in the local job market. All three
employees are also exemplary employees with near perfect scores in their
most recent performance evaluation.

• Explain the discrepancy in pay among the current employees.
• Describe the strategy you would take to correct the internal equity issue.
• Describe the strategy you would take to correct the external equity issue.
• Explain how you will ensure that new hires will be paid equitably both internally and externally.
• Explain how an organization’s Total Compensation strategy affects an
  organization’s financial operations and its ability to attract,
  motivate, and retain top talent.