Report:Compensation Management
Instructions:
As a management consultant in compensation solutions you have been hired by your organization to conduct an analysis, report your findings, provide realistic recommendations for solutions, and present your work to the organization's management team.
The report should include:
Description, history, and discussion of the total compensation/reward system. Does the system support the strategic goals and objectives, what are the limitations, disadvantages, and advantages? (Make use of analytical tools - SWOT/Cost Benefit Analysis)
How is the compensation program/system related to performance? How are decisions made, how are evaluations done. Does the performance management system complement/enhance/deter from the pay system?
Realistic recommendations, rationale for those recommendations and what support the organization will need to implement.
Integrate biblical principles in the paper where appropriate
Please follow guidelines below in the paper:
Explains the total compensation/reward system. Explains how the system supports the strategic goals and objectives, and its limitations, disadvantages, and advantages.
Explains how the compensation program/system is related to performance. Explains how decisions made, how are evaluations done.
Explains how the performance management system can complement/enhance/deter from the pay system.
Discusses realistic recommendations, rationale for those recommendations and what support the organization will need to implement.
Conducts and summarizes the SWOT/Cost Benefit Analysis.
Structure and mechanics, length and formatting.
Integrates appropriate biblical perspectives and ethical principles into the various sections of this report