Question
Part of HRM's responsibility is to craft an appropriate compensation and benefits package that is sustainable for the organization and pertinent to the employee's needs.
Part of HRM's responsibility is to craft an appropriate compensation and benefits package that is sustainable for the organization and pertinent to the employee's needs. The multiple layers of generations in the workplace impact the complex nature of the package.
Prepare a worksheet diagraming the various options suitable for an organization considering all factors that impact the development of a compensation and benefits package. Be selective of the type and size of the organization, as this will impact on your Crafting a Compensation and Benefits Proposal assignment this week.
The worksheet can be an Excel preview sheet, a diagram, a Word document, or a PowerPoint slide, or you can configure it within the discussion forum text box.
The worksheet must do the following:
- Classify employee groups
- Define compensation options
- Describe incentive options
- Outline benefits options
- Connect employee groups to each of the options
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