Organizational Objectives and Total Compensation in Different Markets
Unsure of legal obligations in designing a total compensation plan, a client has asked you, as a human resources consultant, to explain how certain laws and regulations affect total compensation in their organization. The client’s organization employs 200 people, is a federal contractor, and operates in the biotech industry.
Write a no more than 2 or 3 page paper providing examples of laws and regulations influencing total compensation.
Analyze similarities and differences in total compensation between this organization and other organizations in different external markets.
Discuss at least two examples that illustrate such similarities and differences.
Draw conclusions based upon Learning Activity Readings in eCampus, Martocchio (2014) and/or Milkovich, Newman and Gerhart (2014), personal experience, and data collected from organizations.
Integrate and apply week 1 readings,Stategic Compensation, Martocchio (2014) and/orCompensation 8h Edition, Milkovich, Newman and Gerhart (2014), throughout paper. Summarize and cite information using your own words. Direct quotations should be avoided.
Research should be summarized and synthesized using your own words; be certain to cite sources of knowledge.
Compare your paper with Guide for Written Assignments attached to assignment.
Format your paper consistent with APA 6th Edition guidelines. APA sample is attached to assignment.
Click the Assignment Files tab to submit your assignment.
Reference for attached document.
Strategic Compensation: A Human Resource Management Approach, Eighth Edition, by Joseph J. Martocchio. Published by Prentice Hall.
Copyright © 2014 by Pearson Education, Inc.
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Introduction
According to Gerhart and Rynes (2003), compensation is the act by state, organization or an individual to repay a person for a task well done, or to compensate them for any injuries or damages. Compensation acts as a catalyst to motivate employees in order to increase their performance. Today as people are searching for jobs, they are looking for an employer who will compensate them in their salaries as well as other benefits. The client organization being a federal contract the employees have security for compensation…
APA
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