Why internally consistent compensation system is necessary


Essay Homework

You are the human resources (HR) manager for a technology company that provides technical support for hospitals using computer systems that share information. Your company has just been awarded a new contract that is requiring a huge increase in the organization's workforce. The contract will involve providing technical support for several large hospital systems in the Midwest. As a result, you have been asked to outline the process that you will use to develop an internally consistent compensation system and present it to the owners of the company for approval.

Create a 2 pages essay in which you address the following issues:

a. Describe the reasons why an internally consistent compensation system is necessary.

b. Outline the process involved in creating an internally consistent compensation system.

c. In the introduction to your essay, create a fictional name and location for your company.

Format your homework according to the give formatting requirements:

a. The answer must be double spaced, typed, using Times New Roman font (size 12), with one-inch margins on all sides.

b. 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.

c. Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.

Textbook:

Martocchio, J. J. (2020). Strategic compensation: A human resource management approach (10th ed.). Pearson.

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HR Management: Why internally consistent compensation system is necessary
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