Discuss major compensation components

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Reference no: EM133292626

PURPOSE World Bank 2020 reported that before the COVID-19 (Coronavirus) pandemic, Somalia's economy was on an upward trajectory, recovering from the 2016/17 deficiency. The economy grew at an estimated rate of 2.9% in 2019, on par with population growth, and was projected to grow at 3.2% in 2020. The COVID-19 pandemic has interrupted Somalia's economic recovery and the crisis have a large negative impact on real GDP growth in 2020. Based on the above scenario, this assignment is designed to develop learners' ability to discuss compensation issues in an organisation following to the post-pandemic period. REQUIREMENT: Based on the above statement, conduct a telephone/email interview with any department manager or the Human Resource Manager of your own organisation or any other organisation that you are familiar with. QUESTION: Prepare the following information:

1. The background of the selected organisation. Do not disclose the name of the organisation unless you have obtained permission from the management.

2. Discuss 4 major compensation components and based on the finding of your interview with the department manager or the Human Resource Manager, which compensation component need to be reviewed in facing the post-pandemic period.

3. Explain the expected compensation issues the selected organisation might encounter following to the post-pandemic.

4. Suggest some strategies for a fair and equitable compensation mechanism to the selected organisation. (16 marks) 5. Summary

Reference no: EM133292626

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