Problem:
Strategic compensation is a component of the human resource system. Organizations must determine the importance of many factors when choosing compensation and benefits. Write a three-to-five page essay (not including the title and reference pages) that summarizes the impact and effect of compensation within an organization. Your paper should be written in a scholarly third-person tone; it should be in APA format. In addition to the introduction and conclusion, your paper should address the following:
Required:
Question 1: Examine how organizations determine the relative importance of compensable factors.
Question 2: Evaluate how compensation strategies tie into underlying corporate values.
Question 3: Analyze an example which demonstrates how an organization's compensation and benefits programs have been utilized to obtain corporate strategic goals.
Note: Explain all calculation and formulas.