Using the course materials for this week think of your current or past employer. Discuss whether or not they have/had a compensation strategy. Were there clear process and procedures for the salary administration system? Did their compensation strategy support and motivate employees?

Past course Assignment (Past Employer: Amazon)

1. Does the organization have a compensation philosophy? If so, what is the philosophy and what are the strengths and weaknesses. If there is no philosophy, develop one.

Amazon's compensation philosophy is centered around attracting and retaining the best talent in the industry. The company offers a comprehensive and competitive compensation package that includes base pay, equity, and bonuses. The strengths of Amazon's compensation philosophy include attracting and retaining top talent, which is crucial for the company's continued success. However, one potential weakness could be the high cost of providing such a comprehensive compensation package, which could impact the company's bottom line.

2. Describe how the total rewards strategy is demonstrated in this company. How does the total rewards strategy allow this business to have a competitive advantage?

Amazon's total rewards strategy includes compensation and benefits, such as health insurance, retirement plans, and employee stock purchase plans. The company also offers professional development opportunities, such as training and education programs, and a culture that values innovation and creativity. This comprehensive total rewards strategy gives Amazon a competitive advantage by attracting and retaining top talent, which is crucial for the company's continued success.

3. How does the total compensation program align with the core business values of the organization?

The total compensation program at Amazon aligns with the company's core business values of innovation, customer obsession, and long-term thinking. The company's compensation package is designed to attract and retain top talent, which is essential for driving innovation and customer obsession. Additionally, the company's focus on long- term thinking is reflected in its commitment to providing benefits and professional development opportunities that support employees' long-term career growth and well- being.