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Wednesday, February 27, 2019

Employee benefits are one of the most important factors

Employee benefits are one of the nigh important factors in the property of registered nurses where the threat of turnover is very high. Often, RNs set offs a infirmary for another because it offers better compensation and attractive benefits. Kennedy Hospital has offers an attractive benefits parcel of land but many other hospitals may offer much more. To square how Kennedy compares to its competition an analysis of the components in its benefits package is presented. The benefits package compared are those of Kennedy, Virtua, Lourdes and Genesis.In terms of health insurance, all hospitals offered multiple plans to choose from but it is Kennedy but that includes prescription coverage, plot of land Genesis and Kennedy has covers vision and all of them has dental consonant insurance. For manner insurance benefits, Kennedy, Virtua, Lourdes and Genesis all offers basic life, supplemental life and shortsighted term hindrance, still Kennedy does not have long term disability insu rance while the other three hospitals have victual for it. Kennedy and Lourdes however provides kid and spouse life insurance.Kennedys paid leave benefits is the most comprehensive compared to the other hospitals, it covers personal, extended sick leave, bereavement, family/medical and military leave as well as paid time off for vacations, Virtua too provided the same paid leaves while Lourdes and Genesis had less. Kennedy does not have 401k plans, provisions for elder care, on-site child care, pardon basic health care, pull back century club, relocation assistance and series/savings bond. Virtua and Lourdes, has on-site child care and only Virtua offers free basic health care while Virtua and Genesis has 401k.On the other hand, Kennedy has 403b plans, has a credit union, and invests on intragroup career development, adequate parking and referral bonuses, as well as foreshorten on bonus, transfer opportunities, a wellness program and workers compensation. In sum, Kennedy has a very attractive benefits program, what it does not offer can be equilibrize by the other benefits that they provide, for example they do not have free basic health care, but their health insurance coverage is from vision, dental and medicines. Virtuas benefits package is comparable to Kennedy while Lourdes and Genesis have less benefits.

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