Anlayze how compensation can and cannot be used as a tool


Assignment: Human Resource Management

To obtain and retain the best and the brightest talent in an industry, an organization should pay particular attention to its compensation practices.

With that a background, prepare a 5 slide presentation that presents the following information:

• Choose an organization with which you are familiar or that you have researched.

• Discuss how compensation can and cannot be used as a tool to recruit and retain the talent of an organization.

• Create a compensation philosophy that you believe would be appropriate or beneficial for that organization in its attempts to retain the best talent in the industry.

• Detail the principle components of a compensation plan/program that you believe would best recruit and/or retain talent in the organization.

• Finally, propose how you would obtain the necessary finances/support to offer these benefits. Any human resource professional can recommend an array of benefits, but they must be paid for in some manner. Discuss the strategy you would promote to ensure the organization obtains the funds necessary to offer these benefits.

• Your slide presentation must consist of 5 content slides, not counting the title and references slides, which you must include. Each slide must contain notes explaining the slide's content.

Format your assignment according to the following formatting requirements:

1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.

2. The response also include a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.

3. Also Include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.

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HR Management: Anlayze how compensation can and cannot be used as a tool
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