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?