Homework: Compensation and Benefits Recommendations Report
Scenario: You are the HR consultant to a small business employing about 40 people. Currently the business offers only 5 days of vacation, 5 paid holidays, and legally mandated benefits such as unemployment insurance payments.
Write a 700 to 1,050 words consultation report on compensation and benefits, including the following:
1) Discuss with the business three job evaluation methods utilized to determine compensation strategy. Include advantages and disadvantages of each method.
2) Recommend to the business one job evaluation method to determine compensation strategy. Include your rationale for the recommendation.
3) Recommend a minimum of seven benefits the business should offer. Include your rationale for the recommendations.
4) Explain what signs the company might look for to know if employees are engaged.
Format your homework 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 includes a cover page containing the title of the homework, 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.