Assignment: Compensation Analysis
To obtain and retain the best and the brightest talent in an industry, an organization should pay particular attention to its compensation practices.
With that a background, prepare 8 slide presentation that presents the following information:
Choose an organization with which you are familiar or that you have researched (USA based).
Discuss how compensation can and cannot be used as a tool to recruit and retain the talent of an organization.
Create a compensation philosophy that you believe would be appropriate or beneficial for that organization in its attempts to retain the best talent in the industry.
Detail the principle components of a compensation plan/program that you believe would best recruit and/or retain talent in the organization.
Finally, propose how you would obtain the necessary finances/support to offer these benefits. Any human resource professional can recommend an array of benefits, but they must be paid for in some manner. Discuss the strategy you would promote to ensure the organization obtains the funds necessary to offer these benefits.
You may use PowerPoint
Back up your presentation with 6 scholarly articles that can support your reasoning and claims. Use outside sources other than the textbook, course materials, or other information provided as part of the course materials.
Your slide presentation must consist of 8 content slides, not counting the title and references slides, which you must include. Each slide must contain notes explaining the slide's content.
Format your presentation according to APA format.
Textbook:
Chapter 6 in PHR/SPHR: Professional in Human Resources Certification Study Guide (4th ed.)
· Noe, R. A., Hollenbeck, J. R., Gerhart, B., & Wright, P. M. (2010). Human resource management - Gaining a competitive advantage (8th ed.). New York, NY: McGraw-Hill Irwin.
· U.S. Equal Employment Opportunity Commission (EEOC). (n.d.). The Equal Pay Act of 1963.