HRMG 4201 Walden University Compensation and Benefits Packages Discussion
Description
Discussion: Compensation and Benefits Packages
When an organization attempts to attract new talent, many factors may encourage individuals to apply. One important consideration is often the benefits package. Carefully structured compensation systems and benefit plans play a critical role in both attracting highly qualified employees and improving the productivity of those currently employed. This week, you examine how current strategies are changing regarding the selection of an organization’s compensation, productivity improvement programs, and benefits plans to better meet the needs of a diverse workforce and the organizations themselves.
For this week’s Discussion, consider how such factors as salary and benefits have influenced your career decisions.
Select a topic from this week’s readings that interests you the most.
Consider a real-world situation that relates to or could be addressed utilizing primary concepts from the assigned readings.
- Post an answer to the following questions:
- How does this topic related to compensation systems, productivity improvement programs, and benefits plans impact organizational strategy?
What are the strengths and weaknesses of HR approaches related compensation systems, productivity improvement programs, and benefits plans?
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