suggest how company could retain their performed employees by re-structuring their compensation program. Include an example to strengthen your answer.
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suggest how company could retain their performed employees by re-structuring their compensation program. Include an example to strengthen your answer.
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- How does the implementation of a compensation plan contribute to the strategic goals and overall success of companies?Briefly explain the importance of organizations having good compensation and benefitsplans for their employees.Do you support the use of job analyses? Provide a rationale for your answer and defend your position. Consistency Versus Competitiveness Which is more important, internal consistency or market competitiveness? Explain your answer. Is it possible to design a compensation plan that achieves both? Explain your answer.
- How are benefits designed for employees? Explain the types of benefits that are offered by employers. Should all employers have to offer benefits?In a business plan, you are tasked to create a management team for your small online business which sells bento cakes and other small sweet pastries. Also what is your proposed salary as a compensation paid to an employee by an employer in return for their work performed.How can a company evaluate the performance of its employees?
- We are discussing compensation in companies: What are some of the differences between internal and external employee equity in relation to standards for compensation in companies and the industry in which they do business?You are asked to establish a worker’s compensation program in your organization that better manages your organizations workers’ compensation exposure. Identify six (6) specific services that you would include in this program and describe the value of each to the overall program.How and why compensation is seen as a strategic business partner?
- Develop cost-containment strategies for the different types of employee benefits.What are the legally required and discretionary benefit programs important and why are they a great incentive to recruit, motivate and retain their employees?how do fringe benefits contribute to a company's overall compensation strategy and total rewards program?