Write a research paper in which you address the compensation and benefits of a selected organization, based on information you have gathered and analyzed about the organization. Structuring and communicating a total compensation package that meets regulatory requirements and the needs of the workforce requires a delicate balancing act between what is required and what will contribute to an effective relationship between employer, employee, and the community in which the company operates. Communicating benefits programs to employees can be as important as the benefits themselves. Knowing how to leverage all available compensation options is a necessary skill for any HR professional. By successfully completing this assessment, you will demonstrate your proficiency in the following course competencies and assessment criteria: Compensation is a combination of several elements, and a total compensation package typically includes base pay and benefits that are deemed appropriate to the environment in which a company or organization operates. Understanding the right balance begins with understanding a company’s competitive position in the market and its ability to pay. Structuring the right package is most often the responsibility of HR. The communication of that compensation plan will be of equal importance. Base pay is not total compensation, and competitive pay represents more than what the competition is paying. An employee is someone who has entered into an agreement with an employer. That agreement represents a fine line of negotiating the minimum breaking point in the employment arrangement. Unless that line is set firmly, all the other ingredients of a compensation package may tumble. So, how do you set up the parameters of an effective and competitive compensation system? Finding a base wage is a good beginning, but in a competitive business climate, pay is not sufficient. Bene
fits and incentives can sometimes be the winning edge in attracting and retaining the best staff for your venture. Calculating the total compensation package is not always obvious. Occasionally, the best benefit may be invisible and may cost nothing. Questions to consider: The following optional resources are provided to support you in completing the assessment or to provide a helpful context. For additional resources, refer to the Research Resources and Supplemental Resources in the left navigation menu of your courseroom. The following e-books or articles from the Capella University Library are linked directly in this course: A Capella University library guide has been created specifically for your use in this course. You are encouraged to refer to the resources in the to help direct your research. Access the following resources by clicking the links provided. Please note that URLs change frequently. Permissions for the following links have been either granted or deemed appropriate for educational use at the time of course publication. The resources listed below are relevant to the topics and assessments in this course and are not required. Unless noted otherwise, these materials are available for purchase from the . When searching the bookstore, be sure to look for the Course ID with the specific (FlexPath) course designation. Based on your research into the compensation and benefits of the organization you selected, write a research paper in which you complete the following: : You must address all the required elements of this assessment. If details for any of the bulleted points are unavailable, research the topic and present recommendations you believe would be best for the organization, along with your supporting rationale. Purchase the answer to view it Purchase the answer to view it Purchase the answer to view it Purchase the answer to view it Purchase the answer to view it