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Compensation issues, role of US government.

1. Please identify the three most important things that you have learned so far about compensation issues. Please explain why these three issues are significant for you.

2. If you were working to convince your manager to improve or change your organization's approach to compensation issues, what benefits would you identify as sound reasons to make the changes?

3. In your judgment, what do you see as the role of the U.S. Federal Government in setting and monitoring compensation practices in our national economy? What are the positive and negative issues about Federal Government involvement in this area?

4. If you were in charge of new employee orientation in your organization, what would you say about your organization's philosophy and approach to employee compensation?

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1. Please identify the three most important things that you have learned so far about compensation issues. Please explain why these three issues are significant for you.

The first important thing that the compensation strategy should be in alignment with the overall corporate strategy and should reflect the philosophy and culture of the organization. This is necessary to attract the right talent for the organization as well as to ensure that compensation strategy becomes a critical tool for obtaining competitive advantage.

The second thing is that compensation should be fair, competitive with industry standards and should be motivating for the employees of the organization. Compensation is a very important tool to retain and attract best talent in the industry and hence, should be devised after analyzing the industry trends, job analysis of various ...

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Answers questions about compensation issues, role of US government in setting compensation practices.

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