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Compensation Philosophy and Benefits Compliance
For this assessment, use the same company as the one in the previous assessments.(Southern Wellness Care LLC)
Assume you have already created a budget for your pay and benefits program.
In 5–6 pages:
- Create a compensation philosophy statement for the organization.
- Address the following questions and justify your responses using the job you selected in Assessment 2.
- Will this position be full time or part time, and exempt or non-exempt?
- What will the pay for this position be?
- Will there be incentive pay as well?
- Analyze the major laws with which your compensation program must comply.
- Describe the legally mandated benefits you will include in your benefits package. Identify the state in which this business operates and identify any specific state-mandated benefits as well.
- Describe the discretionary benefits you will include in your benefits package.
- Analyze the major laws or acts with which your benefits program must comply.
- Analyze the employer cost of benefits as a percentage of the total compensation package.
- Analyze the trends that affect the cost of benefits.
- Evaluate the effectiveness of your compensation and benefits program to attract and retain talent.
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Compensation Philosophy and Benefits Compliance
Compensation Philosophy Statement for Southern Wellness Care LLC
Southern Wellness Care LLC, a community health clinic based in Georgia, is committed to a compensation philosophy that fosters fairness, transparency, and competitiveness to attract, retain, and motivate high-caliber talent. Our pay and benefits program aligns with our mission to deliver exceptional healthcare by rewarding employees for their contributions, skills, and dedication. We strive to offer equitable compensation reflective of market standards, ensuring compliance with federal and Georgia state laws while promoting a culture of wellness and professional growth. Our total rewards package balances competitive salaries, performance-based incentives, legally mandated benefits, and discretionary benefits to support employees’ financial, physical, and mental well-being, driving organizational success and employee satisfaction.
Job Position Analysis: Registered Nurse (RN)
The selected job position is a Registered Nurse (RN), critical to patient care delivery at Southern Wellness Care LLC.
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Full-Time/Part-Time and Exempt/Non-Exempt Status: The RN position is full-time (40 hours per week) and classified as non-exempt under the Fair Labor Standards Act (FLSA). Non-exempt status ensures overtime pay at 1.5 times the regular rate for hours worked beyond 40 per week, aligning with federal and Georgia labor laws (U.S. Department of Labor [DOL], 2024). This classification supports work-life balance for…