Imagine you own or manage a company. Your company recently completed a strengths, weaknesses, opportunites, and threats (SWOT) analysis, and the board of directors is looking to revise the company’s compensation program. Doing so will help keep the company competitive in attracting new talent. As part of the human resources department, you were asked to draft an essay describing how compensation programs are developed and how laws can affect compensation practices.
Your essay should be a minimum of two pages in length, using at least your textbook as a source. Be sure that your essay includes the following elements:
Adhere to APA Style when constructing this assignment, including in-text citations and references for all sources that are used. Please note that no abstract is needed.
Martocchio, J. J. (2020). Strategic compensation: A human resource management approach (10th ed.). Pearson. https://online.vitalsource.com/#/books/9780135201930
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