You are working at the HR department of a private company. A new CEO arrived at the company with the task of saving it from a takeover that has been proposed by a competitor. Although the CEO only arrived recently, it was immediately apparent that morale was low, employee performance standards were not satisfactory and that the turnover rate was higher than the competitors. As a result of these and other challenges, the overall company performance has been poor. The CEO has summoned your team for a meeting, requesting explanations and possible proposals for changes.In order to ascertain the extent to which

Compensation Systems and Employee

Benefits improve workplace morale, the CEO has asked for a report outlining the variations of Compensation Systems and Employee Benefits that are currently in place and further recommendations to enhance employee performance and inturn, organisational performance in line with its objectives.In the report provide an overview of your understanding of compensation systems, their purpose and what factors to take it account when designing compensation systems.

$$ Critically outline the current compensation systems and benefits that are in place at the organisation justifying their importance in terms of labour law requirements and also the extent to which they enhance employee performance.

$$ Make recommendations of other compensation systems and employee benefits that can be incorporated so as to enhance employee performance