Compensation and benefits


Assignment:

Question 1. "Diversity" Answer the following:

  • Take a position whether a company should hire for diversity or the best qualified individual. Explain your rationale.
  • Determine how your current (or future) place of work could benefit from the same type of diverse workforce.

Question 2. "Compensation and Benefits" Answer the following:

  • During the economic downturn that started in 2008, many companies cut employee benefits and compensation as a measure in preventing layoffs. As companies regain their financial stamina, assess which benefits and compensation should be the first to be returned to employees, and how they should be reinstated. Support your response with evidence or examples.
  • Assess how a company can create a benefits package that appeals to a diverse workforce. Make at least two recommendations for benefits that appeal to all three generations of workers - Generation X, Generation Y, and Millennials.

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Business Management: Compensation and benefits
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