Homework: Determine Which Benefits To Offer
As discussed, benefits and compensation can be considered as one of an organization's largest operating costs. In order for an organization to ensure that it is spending its dollars efficiently, HR and senior leadership must accurately determine which benefits to offer and how they will be administered.
Using your readings and other peer-reviewed sources, address the following to prepare a quick reference chart for HR and other organizational leaders:
1. Document benefits that are required by law (assume the organization is U.S. based).
2. Illustrate benefit preferences of employees, and then be sure to consider the diverse nature of today's workforce.
3. Explain key benefits that enable organizations to effectively compete for talent. Consider retention for this component as well.
4. Determine the types of benefits that are more cost-effective to purchase and manage.
Format your homework according to the give formatting requirements:
1. The answer must be double spaced, typed, 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 course title, the student's name, and the date. The cover page is not included in the required page length.
3. Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.