Analyze the major laws with which your compensation

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Reference no: EM133878470

Case: Assume you have already created a budget for your pay and benefits program.

In 5-6 pages:

Create a compensation philosophy statement for the organization.
Address the following questions and justify your responses using the job you selected in Assessment 2.
Will this position be full time or part time, and exempt or non-exempt?
What will the pay for this position be? Looking for last-minute assignment help? Grab it now!
Will there be incentive pay as well?
Analyze the major laws with which your compensation program must comply.
Describe the legally mandated benefits you will include in your benefits package. Identify the state in which this business operates and identify any specific state-mandated benefits as well.
Describe the discretionary benefits you will include in your benefits package.
Analyze the major laws or acts with which your benefits program must comply.
Analyze the employer cost of benefits as a percentage of the total compensation package.
Analyze the trends that affect the cost of benefits.
Evaluate the effectiveness of your compensation and benefits program to attract and retain talent.

Reference no: EM133878470

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