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:
For each scenario, describe the base pay and major incentives that are included in your benefits package and respond to the following:
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 Saturday, October 1, 2016, post your response to the appropriate Discussion Area. Through Wednesday, October 5, 2016, 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
Do the following when responding to your peers:
Initial response was:
Discussion Response and Participation:
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