One way organizations attract and retain talented employees is through a well-designed package of compensation and benefits. Research various approaches to compensation and benefits, and prepare an executive-level report that addresses each of the following:
* What are the elements of a comprehensive compensation and benefits package?
* What are some of the typical considerations for how organizations position compensation and benefits?
* What types of benefits packages are most attractive to workers at different stages in their career? At a minimum, discuss the needs of younger workers, middle-aged workers, and workers nearing retirement.
* What are some of the options an organization seeking highly qualified candidates might offer in compensation and benefits to recruit for a highly technical position such as a mechanical engineer?