300 Words (Xavier)

 
Assignment 1: Discussion—Pay and Benefits
A company’s compensation strategy is most effective when it remains in line with the organization’s overall business strategy. While human resources departments must strive to attract and retain the best workers for each position, the incentives needed to engage those workers must be balanced with the costs to the company.
Using the Argosy University online library resources and the Internet, research best practices regarding compensation strategies.
For this assignment, you are to research compensation strategies and consider general compensation programs for the following two scenarios:

Scenario 1: A midsized company with a proven product. Executives are looking to keep labor costs at a minimum.
Scenario 2: A small company that is still trying to prove itself in the industry while striving for product leadership and innovation.

For each scenario, describe the base pay and major incentives that are included in your benefits package and respond to the following:

Does your program include stock options, profit sharing, an employee stock ownership plan (ESOP), healthcare, etc.?
Are your specified options provided for employees of all levels or just for certain positions?
What are the costs to the company for each added incentive?
How do these incentives shape/determine the type of employee you attract?
How is employee performance rewarded? Include a strategy for raises and bonuses. How do your strategies differ by job level and function?
Why do your packages differ between the two scenarios? What changes do you recommend if each firm moves from a large city to a minimally populated rural area?

For base pay, be sure to provide percentile ranges in lieu of hard numbers. For example a firm may target being competitive with the market at the fortieth percentile, the seventy-fifth percentile, or some chosen range (e.g., between the twenty-fifth and fiftieth percentile).
By the due date assigned, post your response to the Discussion Area. Through the end of the module, review and comment on at least two peers’ responses.
Write your initial response in 300–500 words. Your response should be thorough and address all components of the discussion question in detail, include citations of all sources, where needed, according to the APA Style, and demonstrate accurate spelling, grammar, and punctuation

Order a unique copy of this paper
(550 words)

Approximate price: $22

Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Order your essay today and save 25% with the discount code: COCONUTPlace Order
+