Compensation and Benefits Proposal
[WLOs: 1, 2, 3, 4] [CLOs: 1, 2, 3, 4, 5, 6, 7]
Prior to beginning this final paper, review Chapters 9 and Chapter 10 in your textbook.
Attracting and retaining the most talented employees is essential for long-term organizational success. An important component to attracting and retaining such employees is the design and implementation of an effective compensation and benefit system.
For your final paper, you are to assume the role of a highly regarded human resource consultant hired to review, analyze, and revise the compensation and benefit system utilized by your city’s largest employer, Holland Enterprises. The firm employs 3,500 employees, but since 2010 has lost 25% of its staff. Exit interviews indicate the primary reason a majority of these employees have resigned is because of a compensation and benefit system that is perceived to be unfair and uncompetitive in the marketplace.
You are to present to management a revised compensation and benefit strategy. Your proposal should include the following:
Describe at least three factors of an effective compensation and benefit system to contribute to organizational effectiveness.
Explain the five principle components of your revised compensation and benefit system for a large-scale organization. Your compensation and benefit system should include the following components:
compensation and benefit philosophy
pay structure architecture (pay grades, pay ranges, and pay width)
ratio of base pay to incentive (bonus) pay
emphases on external equity or internal equity
principle type of benefits to include (examples: deferred compensation match, health insurance, vacation and sick leave, etc.)
Develop a recommendation for each principle component for top management.
Discuss a final summary and conclusion to increase the compensation and benefit expenses to be presented to top management.
The Compensation and Benefits Proposal final paper
Must be 10 to 14 double-spaced pages in length (not including title and references pages) and formatted according to APA Style Links to an external site.as outlined in the Writing Center’s APA Formatting for Microsoft Word Links to an external site..
Must include a separate title page with the following:
Title of paper in bold font
Space should appear between the title and the rest of the information on the title page.
Student’s name
Name of institution (The University of Arizona Global Campus)
Course name and number
Instructor’s name
Due date
Must utilize academic voice. See the Academic Voice Links to an external site.resource for additional guidance.
Must include an introduction and conclusion paragraph. Your introduction paragraph needs to end with a clear thesis statement that indicates the purpose of your paper.
For assistance on writing Introductions & Conclusions Links to an external site.and Writing a Thesis Statement Links to an external site., refer to the Writing Center resources.
Must use at least six scholarly, peer-reviewed, or credible sources in addition to the course text.
The Scholarly, Peer-Reviewed, and Other Credible Sources Links to an external site.table offers additional guidance on appropriate source types. If you have questions about whether a specific source is appropriate for this assignment, please contact your instructor. Your instructor has the final say about the appropriateness of a specific source.
To assist you in completing the research required for this assignment, view Quick and Easy Library Research Links to an external site.tutorial, which introduces the University of Arizona Global Campus Library and the research process, and provides some library search tips. Additionally, see the Human Resources Research With Library OneSearch Links to an external site.tip sheet for help with searching the library within the human resource discipline.
Must document any information used from sources in APA Style as outlined in the Writing Center’s APA: Citing Within Your Paper Links to an external site.guide.
Must include a separate references page that is formatted according to APA Style as outlined in the Writing Center. See the APA: Formatting Your References List Links to an external site.resource in the Writing Center for specifications.
Carefully review the Grading Rubric Links to an external site.for the criteria that will be used to evaluate your assignment.
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