Question regarding the compensation issues

Reference no: EM13737794

Organizations should constantly review its compensation package to ensure it is competitive with the current market conditions. Many companies attempt to offset salaries with benefits such as premium medical plans, 401k matching, and stock options. Yet, some employees still feel as though they are under compensated for their talents and contributions to the company.

Think about your current yearly compensation plan at your organization, a previous organization, or if you don't have options other than a salary, you can research plans online (please be sure to reference the company used). Compensation extends beyond just the paycheck provided to you. It includes medical coverage, tuition reimbursement, flex spending account options, etc.

Analyze the compensation plan and address the following questions:

Is the compensation plan attractive enough to retain current employees and recruit new talent? Identify the key elements that serve as a positive draw of this talent to your organization.
Recommend areas for improvement. For example, if the compensation plan does not include 401k investing, why should your company consider including that as part of the compensation package.

Write your responses in about 300 words. Use scholarly, peer-reviewed sources as necessary to support your position. Be sure to follow proper APA format.

Reference no: EM13737794

Questions Cloud

Sense of lower utility : How a tariff imposed by a small country on its imported good causes a loss of real income, in the sense of lower utility, or "well -being" on the part of consumers?

The next generation of armored vehicles will be called : The next generation of armored vehicles will be called: A. IEDs. B. CIDs. C. IAVs. D. ADCs. The next generation of stealth aircraft is the: A. X-15. B. A-10. C. F-22. D. B-52.

Planning a training session for supervisors : You are a middle manager for a company and are planning a training session for your supervisors on effective versus ineffective leadership. You know from past training sessions that the use of real-life examples (from personal, work, or current ev..

Discussion on your subjective opinion : You were recently hired as a new manager in a company. You are fresh out of business school and have few management skills. More importantly, you know that your role will also involve inspiring your department's employees. You have been told that ..

Question regarding the compensation issues : Organizations should constantly review its compensation package to ensure it is competitive with the current market conditions. Many companies attempt to offset salaries with benefits such as premium medical plans, 401k matching, and stock option..

Visible and accessible level of culture : Symbols of culture are called artifacts. Artifacts are the most visible and accessible level of culture. These include behaviors, stories, rituals (everyday practices that are repeated frequently), and symbols (e.g., company logos, company colors)..

Discuss how the supreme court determines which cases to hear : The Forum assignment this week is to discuss how the Supreme Court determines which cases to hear, which cases not to take, and why.

Examine the concept of learning : Prepare a 700- to 1,050-word paper in which you examine the concept of learning. Address the following: Provide a definition of learning. What is the role of behavior in relation to learning?

Characteristics of the dream human service organization : Consider the characteristics of the dream human service organization that you and your team members designed.

User Account

All Pages