Explain this solution: Raise the current nurses’ salaries up to Market Level.
· In this case, the current nurses starting was $25,000 a year. The new hires starting salaries are $38,000 a year.
- Explain why the company should raise the current/entitled nurses’ salary in order to retain them.
Use 2 references explaining why raising employees’ salaries to market level is important
· Note there are a total of 1500 current nurses
· Explain how the company should implement the raised salary incentive for staying with the company. -Based on this case should the raise be immediate or overtime?
· Explain how the company should announce to current employees using information justice why they are receiving pay raises.
Sample Solution