Examlex
Describe some of the ways in which HR can contribute to the challenge of managing change in the healthcare industry.
-Cost: Managing the number,skill mix,or wages of employees
-Compliance with quality standards: orienting,training,and continually monitoring employees' performance relative to safety,quality,and care standards
-Managing diversity and providing culturally competent care: HR planning and programming to match provider and patient demographics
-Preparing healthcare workers for new technologies: orientation and training for current employees,ensuring appropriate skill sets of future healthcare workers
-Quality of work life: monitor and initiate solutions such as flexible scheduling programs or on-site day care
Compensating Differential
A difference in wages that compensates workers for undesirable aspects of a job, such as hazardous working conditions or undesirable hours.
Labor Supplied
The sum of hours employees are ready and available to work for a specified pay rate.
Skilled Labor
Workers who have obtained specialized training, education, knowledge, and abilities to perform specific tasks.
Human Capital
The collective skills, knowledge, and experience possessed by an individual or population, viewed in terms of their value or cost to an organization or country.
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