Purchase Solution

Compensation and benefits

Not what you're looking for?

Ask Custom Question

One way organizations attract and retain talented employees is through a well-designed package of compensation and benefits. Research various approaches to compensation and benefits, and prepare an executive-level report that addresses each of the following:
What are the elements of a comprehensive compensation and benefits package?
What are some of the typical considerations for how organizations position compensation and benefits?
What types of benefits packages are most attractive to workers at different stages in their career? At a minimum, discuss the needs of younger workers, middle-aged workers, and workers nearing retirement.
What are some of the options an organization seeking highly qualified candidates might offer in compensation and benefits to recruit for a highly technical position such as a mechanical engineer?

Purchase this Solution

Solution Summary

This solution assists in ways to attract employees, and elements of a compensation and benefits package.

Solution Preview

What are the elements of a comprehensive compensation and benefits package?

The elements of a comprehensive compensation and benefits package include:
a. The basic elements that are required by any state or government agency including workers compensation and social security

b. Paid vacation leave
c. Paid sick leave
d. Health, dental, and vision insurance
e. Bonuses or performance based pay
f. Retirement plan
g. 401K plan
h. Travel pay
i. Paid lunch
j. Cell phone
k. Laptop computer for teleworking
l. Comp time

What are some of the typical considerations for how organizations position compensation and benefits?

Some considerations that organizations utilize to determine compensation and benefits include:
a. A required length of employment prior to receiving retirement benefits
b. A required length of employment prior to receiving sick leave or vacation pay
c. Competition
d. Level of employee experience

What types of ...

Purchase this Solution


Free BrainMass Quizzes
Employee Orientation

Test your knowledge of employee orientation with this fun and informative quiz. This quiz is meant for beginner and advanced students as well as professionals already working in the HR field.

Understanding Management

This quiz will help you understand the dimensions of employee diversity as well as how to manage a culturally diverse workforce.

Business Processes

This quiz is intended to help business students better understand business processes, including those related to manufacturing and marketing. The questions focus on terms used to describe business processes and marketing activities.

Managing the Older Worker

This quiz will let you know some of the basics of dealing with older workers. This is increasingly important for managers and human resource workers as many countries are facing an increase in older people in the workforce

Marketing Management Philosophies Quiz

A test on how well a student understands the basic assumptions of marketers on buyers that will form a basis of their marketing strategies.