BHR3352 Columbia Southern Compensation Purpose and Strategy Document Paper

Instructions
Compensation Purpose and Strategy Document
The purpose of this assignment is to choose a compensation philosophy thatis appropriate for your chosen firm and articulate a rationale for thisselection.
There are two aspects to this assignment. First, describe the risks andbenefits with leading, meeting, and lagging the market in overall compensationand benefits. Next, choose the appropriate strategy (lead, meet, or lag) foryour firm, and provide rationale about why this is appropriate.
There is a minimum requirement of 500 words for the compensation purposeand strategy document.
Consider some of the following factors in your assignment:
Payroll expenses are usually the highest expense at most firms. Ifyou lead the market, this expense can be taxing.
If you are pursuing top talent in human capital rich industries(e.g., software engineering), lagging the market may keep you from competingfor market share against your competitors.
If you meet the market, paying average will generally not attracttop talent, and in addition, you will not have the labor-cost savings of alag-the-market strategy.
Any sources used, including the textbook, must be referenced;paraphrased and quoted material must have accompanying citations in APAformat.

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Attachments
20190509134846unit_viii___study_guide (367 kB)