Estimate the current compensation philosophy for your organization or an organization of your chosen. Write down a 5 page paper your paper should address the following:
a. Calculate the organization's current compensation philosophy and the propose ways to enhance the current compensation philosophy to meet the changing needs of the organization and its employees.
b. How can observe the key factors within the internal and the external environment including the mission and strategic focus of the organization, as well as the cultural and financial aspects of your organization (i.e., they cannot have a compensation philosophy where they "lead" the market if the organization does not have the financial resources) that should influence this philosophy. The proposed philosophy itself should be no more than a short paragraph.
c. Find out the key factors that should contribute to the organization's development based on your proposed organizational philosophy.