Expert Answer :Analyze Compensation, Incentives, and Benefits Met

  

Solved by verified expert:Human resource personnel recognize that employees desire more than a salary when they search for employment. Other benefits are important as well, such as health insurance, child care assistance, and tuition reimbursement. Employers must remain competitive in the field, so they attract the top notch employees to their agency. The cost is also a factor that human resource personnel must remember as well. Research two companies in a similar market (for example, in the computer industry Dell and HP). Create an executive report with various forms of compensation, incentives, and benefits and current offerings of these two companies. Include an analysis of issues that the organization may face if they do not enhance benefits and some of the challenges and benefits if the company makes changes. Prepare the executive report for the Board of Directors and Executive Leadership Team. The report was requested due to a high turnover rate and a strategic response to hopefully begin to address the issue. The Board of Directors understand they must remain retain their current talent to stay competitive in the market.Part 1:The Board of Directors and the Executive Leadership Team have asked you to create an executive report with various forms of compensation, incentives, benefits, and current offerings in response to a high turnover rate. It is their expectation that this strategic response will hopefully begin to address the issue. To gather the information for the report, research the compensation, incentives, and benefits methods of two organizations, and then compare their strengths and weaknesses.References: Include a minimum of five scholarly resources.Your paper should demonstrate thoughtful consideration of the ideas and concepts presented in the course by providing new thoughts and insights relating directly to this topic. Your response should reflect graduate-level writing and APA standards. Be sure to adhere to Northcentral University’s Academic Integrity Policy.

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