ASSIGNMENT ID
1055312
SUBJECT AREA Other
DOCUMENT TYPE Essay
CREATED ON 5th August 2019
COMPLETED ON 6th August 2019
PRICE
$30
18 OFFERS RECEIVED.
Expert hired: DrPerfect12

Compensation Purpose and Strategy Document

The purpose of this assignment is to choose a compensation philosophy that is appropriate for your chosen firm and articulate a rationale for this selection. There are two aspects to this assignment. First, describe the risks and benefits with leading, meeting, and lagging the market in overall compensation and benefits. Next, choose the appropriate strategy (lead, meet, or lag) for your firm(Surgical Center), and provide rationale about why this is appropriate. There is a minimum requirement of 500 words for the compensation purpose and strategy document. Consider some of the following factors in your assignment: 1. Payroll expenses are usually the highest expense at most firms. If you lead the market, this expense can be taxing. 2. If you are pursuing top talent in human capital rich industries (e.g., software engineering), lagging the market may keep you from competing for market share against your competitors. 3. If you meet the market, paying average will generally not attract top talent, and in addition, you will not have the labor-cost savings of a lag-the-market strategy. Any sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations in APA format.
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05 August 2019
User created a project for Other
05 August 2019
18 experts responded
05 August 2019
User contacted expert DrPerfect12
05 August 2019
User hired expert DrPerfect12 who offered a price of $30 for the project and has experience doing similar projects
06 August 2019
The expert completed the project Compensation Purpose and Strategy Document for 1 day, meeting the deadline
06 August 2019
User accepted the project right away and completed the payment
06 August 2019
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