{"id":29309,"date":"2021-06-25T10:32:35","date_gmt":"2021-06-25T10:32:35","guid":{"rendered":"http:\/\/onlineclassesguru.com\/?p=29309"},"modified":"2021-06-25T10:32:35","modified_gmt":"2021-06-25T10:32:35","slug":"describe-how-an-effective-compensation-and-benefit-system-contributes-to-organizational-effectiveness-attracting-and-retaining-the-most-talented-employees-is-essential-for-long-term-organizational-suc","status":"publish","type":"post","link":"https:\/\/onlineclassesguru.com\/index.php\/2021\/06\/25\/describe-how-an-effective-compensation-and-benefit-system-contributes-to-organizational-effectiveness-attracting-and-retaining-the-most-talented-employees-is-essential-for-long-term-organizational-suc\/","title":{"rendered":"Describe how an effective compensation and benefit system contributes to organizational effectiveness.Attracting and retaining the most talented employees is essential for long-term organizational success."},"content":{"rendered":"<style type=\"text\/css\"><\/style><p>An important component to attracting and retaining such employees is the design and implementation of an effective compensation and benefit system.<\/p>\n<p>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\u2019s 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.<\/p>\n<p>Present to the management a revised compensation and benefit strategy. Your proposal should include:<\/p>\n<p>Description of how an effective compensation and benefit system contributes to organizational effectiveness.<br \/>\nExplanation of the principle components of your revised compensation and benefit system for a large-scale organization as well as a recommendation for each component.<br \/>\nProvision of a clear and convincing argument to the already skeptical top managers of this organization to increase their compensation and benefit expenses.<br \/>\nAt a minimum, your compensation and benefit system would include the following components:<\/p>\n<p>Compensation and benefit philosophy<br \/>\nPay structure architecture (pay grades, pay ranges, and pay width)<br \/>\nRatio of base pay to incentive (bonus) pay<br \/>\nEmphases on external equity or internal equity<br \/>\nPrinciple type of benefits to include (example: deferred compensation match, health insurance, vacation and sick leave, etc.)<br \/>\nGuidelines for Writing the Final Paper<\/p>\n<p>Paper must be 2500-3500 words in length, exclusive of Title Page, References Page, Appendix, References, Exhibits, etc .<br \/>\nFormatted according to APA style as outlined in the approved APA style guide (including title page and reference list).<br \/>\nMust address the topic of the paper with critical thought.<br \/>\nMust include an introductory paragraph with a succinct thesis statement.<br \/>\nMust conclude with a restatement of the thesis and a conclusion paragraph.<br \/>\nMust utilize a minimum of eight scholarly references in addition to the course text.<\/p>\n<p>CATEGORIESQUESTIONS<\/p>\n<p><center><a href=\"http:\/\/onlineclassesguru.com\/orders\/ordernow\"><img decoding=\"async\" src=\"https:\/\/encrypted-tbn0.gstatic.com\/images?q=tbn:ANd9GcTyj99p60XCLyLk1htB7-1neRt8-2QdnenNlQ&usqp=CAU\"target=\"_http:\/\/onlineclassesguru.com\/orders\/ordernow\"\/><\/center><p>","protected":false},"excerpt":{"rendered":"<p>An important component to attracting and retaining such employees is the design and implementation of an effective compensation and benefit system. 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\u2019s largest employer, Holland Enterprises. The firm employs 3,500 employees,&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-29309","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Describe how an effective compensation and benefit system contributes to organizational effectiveness.Attracting and retaining the most talented employees is essential for long-term organizational success. - onlineclassesguru<\/title>\n<meta name=\"description\" content=\"Describe how an effective compensation and benefit system contributes to organizational effectiveness.Attracting and retaining the most talented employees is essential for long-term organizational success.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/onlineclassesguru.com\/index.php\/2021\/06\/25\/describe-how-an-effective-compensation-and-benefit-system-contributes-to-organizational-effectiveness-attracting-and-retaining-the-most-talented-employees-is-essential-for-long-term-organizational-suc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Describe how an effective compensation and benefit system contributes to organizational effectiveness.Attracting and retaining the most talented employees is essential for long-term organizational success. - 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