HRM 531 WEEK 3 COMPENSATION AND BENEFITS STRATEGIES RECOMMENDATIONS
Complete the Compensation and Benefits Strategies Recommendations task as described in the Email from Traci on the Atwood and Allen Consulting Page.
Learning Team Assignment: Compensation and Benefits Strategies Recommendations
Purpose of Assignment
For this task, Traci has asked your team to develop compensation and benefits strategies for your client. It is important to understand the relationship of compensation and benefits to achieving business objectives and employee attraction and retention. You will also need to consider the increasing cost of compensation and benefits and appropriate actions management may take to maintain or reduce this cost factor. It is important that any business have a compensation and benefits plan that not only attracts and helps to retain quality employees, but also allows the business to survive financially.
Resources Required
Week Three e-mail from Traci and Week Three client communications
| Includes results of a market evaluation |
| Recommends a compensation structure |
| Recommends position in the market |
| Includes a total compensation and benefits strategy |
| Includes the use of performance incentives and merit pay to recognize and engage employees when appropriate |
| Identifies laws related to benefits and pay programs |
| The recommendation is no more than 1,750 words in length. |
Format your paper consistent with APA guidelines. Use at least four (4) references from the reading assignment, Internet articles, Electronic Reserve Readings articles, or HR journal articles to support your paper. At least one(1) in-text citation must be from the text book.
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