compensation and benefits

The paper is related to the compensation and benefit strategy of an organization. Students will select an  organization that is experiencing challenges with its compensation and/or benefit program. Such challenges could  include high rate of employee turnover, inability to recruit talented employees because of the lack of proper  compensation, inability to fund an adequate benefit program, an incentive program where few employees reach their objectives, or a retirement system that is not funded adequately or does not offer proper investment choices. These
are some examples where challenges exist within the organization’s compensation and benefit plan. Your paper will be
graded according to how well you meet the following tasks:

1. Follow proper APA style/citations, grammar and punctuation, etc. At least 5 sources.

2. Identify organization to research. It could be an organization you are familiar with either personally or through
the newspapers, magazines, or other book/internet sources.

3. Detail the compensation and/or benefit challenge at the organization. It is recommended that you concentrate on
the principle compensation and/or benefit challenge within a single organization, rather than a number of less
important issues. Be careful to avoid selecting a topic that is too broad. At the same time, the challenge facing the
organization should be broad enough to provide for multiple strategies to help solve the problem.

4. Discuss the compensation and/or benefits strategies other organizations have utilized related to your challenge,
along with a review of their success and failure. As an example, if you are interested in an Employee Assistance
Program and why usage is less than expected, detail the strategies other organizations have followed to improve
participation and see a return on their investment. Information regarding other organizations should be gathered
through a research process and consist of academic quality materials rather than word of mouth information.

5. Recommend the strategy you propose the organization should follow to address its compensation and/or benefit
challenge. Explain why you have selected this strategy.

6. Discuss any impediments to this strategy, including any contingency plans that should be considered.

7. Finally, specifically detail how the strategy you propose would address the organization’s challenge (as detailed
in #2 above) and its impact on both the organization and the employee. Include specific items that should be included
in the action plan.

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