HRM 530/HRM530 ASSIGNMENT 5 EMPLOYEE COMPENSATION & BENEFITS (WK 10)

Jul 20th, 2016
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HRM 530/HRM530 ASSIGNMENT 5 EMPLOYEE COMPENSATION & BENEFITS (WK 10) Due Week 10 and worth 250 points This assignment consists of two (2) sections: a narrative and a PowerPoint presentation. You must submit two (2) sections for the completion of this assignment. Label each file name according to the section of the assignment it is written for. Note: For additional information on how to submit more than one file for an assignment, follow the instructions in the document “How to Submit Multiple Files for an Assignment”, located here. Imagine that you have just been hired by a new company as the director of the HR department. You have been tasked to hire a new secretary for the department and to develop an employee compensation and benefits package that will be used for that position upon hire. Develop a PowerPoint presentation to present this information to your Vice President. Go to the Bureau of Labor Statistics’ (BLS) Website, located at www.bls.gov, for information regarding or

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Running Head: Employee Compensation and BenefitsTitle:Course Name:topic Name:Professors Name:Student Name:Date:Running Head: Employee Compensation and BenefitsIntroductionCompensation and benefit is a human resource strategy mainly aimed at sourcing out highestreturns from the accessible workforce. In human resource strategy motivation is one of thevaluable factors that hold employees on board, inspire them to work better and harder thusleading to increased development, growth and productivity of the business (Weitzman M L &Kruse D L, 1990). Without productivity, confidence, motivation, profits, and service deliverybecomes at risk. In nature it may be internal or external (Weitzman M L & Kruse D L, 1990).Compensation and benefits in an organization is a reward based motivational feature.Compensation requires the reward that is given to an employee to balance the time or any sourcethat he might have used. On the other hand benefit is an implicit reward that an employeebecomes a part of the organization (Arlene Dohm, 2000).Organization are designing a package.For design a package I have chosen a newly opened medical equipment supply store. The headoffice for the medical equipment supply stores will be situated in Washington DC. This supplyorganization will sell medical equipment to hospitals as well as to the common public.Additionally this organization will sell their product in online with few some medical storesthroughout the metro area. Thi

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