Unit $2$ Assignment: Build Your Knowledge Base

In this assignment, you will be assessed based on the following Outcomes:

HR$435-5$: Contrast methods for developing a total compensation strategy.

HR$435-6$: Understand competitiveness and collaboration in a global economy.

Choose an organization in which you are interested, and from which you can obtain the information required in this assignment below. You may want to choose a past or current employer, or you may choose any other organization that interests you. You may choose the same or a different organization from the previous unit. Research the organization through the company website as well as related articles available in the library, and answer the following questions in a $23-$page paper:

Checklist:

Describe your interest in this organization. Explain why you chose that particular organization.

Contrast at least two methods for developing a total compensation strategy, including objectives, internal alignment, external competitiveness, and management $($see examples in Exhibit $2\mathrm{.}1)$

Choose one of the compensation strategies above and summarize the key points of your organization$$s strategy.

Explain how collaboration with other like$-$minded companies might benefit this organization in terms of developing a total compensation plan.

Explain the value that you believe this organization may gain from possible compensation plans.

Discuss how compensation could be a source of competitive advantage for this organization in the global context regarding $(1)$ hiring, and $(2)$ financial success.