Develop a Human Resource Compensation and Benefits strategy with the following components:

Identify three main elements needed in the compensation system

identify the documents and resources necessary to develop the compensation plan. Cite specific government resources in addition to other nongovernmental sources

Outline the job evaluation approach and the person-based structure approach to be utilized for positions in an organization. Include a minimum of 3 points for each.

Outline how the policy approach of an organization determines the pay structure Identify and explain why the policy approach impacts the outcomes for recruitment and retention.

Answer rating: 100% (QA)

Compensation System Elements Base Salary This is the fixed amount paid to employees for their work responsibilities and skills PerformanceBased Pay Incentives bonuses or commissions tied to individual ... View the full answer