An effective compensation and benefit system for Holland Enterprises

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Must be original, no plagiarism. Must have references and be marked in the body of the work. No Wikipedia. Must also have good introduction and conclusion paragraphs.

Attracting and retaining the most talented employees is essential
for long-term organizational success. An important component to attracting and
retaining such employees is the design and implementation of an effective
compensation and benefit system. 

Assume the role of a highly regarded human resource consultant hired to review,
analyze, and revise the compensation and benefit system utilized by your city’s
largest employer, Holland Enterprises. The firm employs 3,500 employees, but
since 2007 has lost 25% of its staff. Exit interviews indicate the primary
reason a majority of these employees have resigned is because of a compensation
and benefit system that is perceived to be unfair and uncompetitive in the
marketplace. 
Present to the management a revised compensation and benefit strategy. Your
proposal should include a discussion of: 

· 
How an effective
compensation and benefit system contributes to organizational effectiveness.

· 
The principle components
of your revised compensation and benefit system for a large-scale organization
as well as a recommendation for each component.

· 
A convincing argument to
the already skeptical top managers of this organization to increase their
compensation and benefit expenses.

At a minimum, your compensation and benefit system would include
the following components: 

· 
Compensation and benefit
philosophy

· 
Pay structure
architecture (pay grades, pay ranges, and pay width)

· 
Ratio of base pay to
incentive (bonus) pay

· 
Emphases on external
equity or internal equity

· 
Principle type of
benefits to include (example: deferred compensation match, health insurance,
vacation and sick leave, etc.)

Guidelines for Writing the Final Paper 

· 
Paper must be six to
eight double-spaced pages in length, exclusive of Title Page, References Page,
Appendix, References, Exhibits, etc.

· 
Formatted according to
APA style as outlined in the approved APA style guide (including title page and
reference list).

· 
Must address the topic
of the paper with critical thought.

· 
Must include an
introductory paragraph with a succinct thesis statement.

· 
Must conclude with a
restatement of the thesis and a conclusion paragraph.

· 
Must utilize a minimum
of four scholarly references.

Carefully review the Grading Rubric for
the criteria that will be used to evaluate your assignment.

final paper grading rubic.docx 

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