Discuss the below:
1 Compensation and Strategy: Controlling Benefits Costs
Discuss how health insurance benefits might impact the organization's overall strategic goal-setting process.
Discuss how a business can control its health insurance benefit costs while using the benefit package as a recruitment and retention tool.
2 Employing the Contingent Worker: Is it Worth It?
Given the different levels of pay and total rewards, how may an organization create a sense of internal equity?
Specifically, how has the employment of contingent employees affected an organization's business, its HRM responsibilities, its overall costs, as well as its organizational culture?
In your educated opinion, should the compensation of contingent workers be the same as regular, full-time employees doing the same work? Discuss.
How would you, as the CEO of the company, create a sense engagement with the infusion of regular employees and contingent workers?