Laboratory Administration
Personnel management
Compensation

Author: Richard Horowitz, M.D. (see Authors page)

Revised: 25 January 2017, last major update November 2013

Copyright: (c) 2003-2017, PathologyOutlines.com, Inc.

PubMed Search: lab administration compensation
Cite this page: Compensation. PathologyOutlines.com website. http://pathologyoutlines.com/topic/managementlabcompensation.html. Accessed February 26th, 2017.
Definition / General
  • Compensation is regulated by both Federal and State laws which address issues such as:
    • Minimum wage
    • Overtime
    • Required meal and rest periods
    • Permissible vacation
    • Holidays
    • Parental leave
    • Assorted benefits including worker's compensation and other insurance
  • An institution may have additional policies governing such things as shift differential and on-call pay
  • The Human Resources department should assist the laboratory in assuring compliance with the Federal Fair Labor Standards Act and other pertinent laws
  • Laboratory management must also be knowledgeable about compensation of the laboratory staff
Salaries
  • Determined by Administration
  • May utilize community standards for rate setting
  • Should maintain internal equity with comparable salaries for comparable jobs
Benefits
  • Often more important than salary to employees
  • Insurance
    • Health, Life, Disability
  • Continuing Education
    • Tuition reimbursement
  • Uniforms
  • Hiring bonus
  • Child care
  • Free parking
  • Retirement and pension plans
Changing compensation
  • Employees often feel they are not compensated adequately, but institutional salary structures are usually quite rigid
  • When there is justification to increase an employee's salary the following are available:
    • Annual cost of living increase
    • Merit increases
    • Promotion to a higher grade or step
    • Reclassification to a new position
    • Inequity adjustments
      • e.g. is MT paid less than a RN?
    • Incentive and profit sharing systems
    • Spot bonuses