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Connect talent management to compensation and use the information below to submit your literature review, which should examine related articles, books, speeches, et cetera, that
Connect talent management to compensation and use the information below to submit your literature review, which should examine related articles, books, speeches, et cetera, that deals with your research problem. Take care to properly describe, evaluate and synthesize any appropriate theoretical perspectives and any research findings relating to the problem and subproblems that have been identified. Research Problem Identification and Justification Problem -Total compensation would not always fulfil the needs of the management when it comes to talent management, but good managers should strive hard to attract potential good employees, maintain and promote them. Sub-problems - Talent management can be affected with rewards, economic impact on total compensation, wages inequality, regional market differences, government impact, and other factors should be considered when dealing with total compensation. Data needed - Comprehensive list of different types of total compensation to include perks from multiple companies; surveys of satisfied employees, studies showing employee retention based on total compensation. Assumptions and delimitations - Employees nowadays look into the total compensation, employees do not necessarily want monetary reward as their main compensation, and some employees only focus on their base pay as the main compensation. The importance of specific parts of a total compensation differs by generation. Importance of the study - Managers and HR managers can attract more talent by understanding what total compensation mean to different candidates and employees, understand how to cater for the needs of each group, and provide the total compensation to attract and retain the best employees in the workplace. Hypothesis - If pay satisfaction is available in the organization, then turnover, absenteeism, and union activity would be reduced or eliminated. Although pay level can influence the overall quality of the workforce, but individual performance of the workforce is likely to depend on the way the organization determines individual pay if done right
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