Compensation and Benefits System Proporsal attached is the assignment instructions. please respond substantively and address all questions using the requir

Compensation and Benefits System Proporsal attached is the assignment instructions. please respond substantively and address all questions using the required number of scholarly sources. Please let me know if you require any of the chapter readings. Final Paper:
Attracting and retaining the most talented employees is essential for long-term organizational
success. An important component to attracting and retaining such employees is the design and
implementation of an effective compensation and benefit system.
Assume the role of a highly regarded human resource consultant hired to review, analyze, and
revise the compensation and benefit system utilized by your city’s largest employer, Holland
Enterprises. The firm employs 3,500 employees, but since 2010 has lost 25% of its staff. Exit
interviews indicate the primary reason a majority of these employees have resigned is because of
a compensation and benefit system that is perceived to be unfair and uncompetitive in the
marketplace.
Present to the management a revised compensation and benefit strategy. Your proposal should
include:
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Description of how an effective compensation and benefit system contributes to
organizational effectiveness.
Explanation of the principle components of your revised compensation and benefit
system for a large-scale organization as well as a recommendation for each component.
Provision of a clear and convincing argument to the already skeptical top managers of
this organization to increase their compensation and benefit expenses.
At a minimum, your compensation and benefit system would include the following components:
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Compensation and benefit philosophy
Pay structure architecture (pay grades, pay ranges, and pay width)
Ratio of base pay to incentive (bonus) pay
Emphases on external equity or internal equity
Principle type of benefits to include (example: deferred compensation match, health
insurance, vacation and sick leave, etc.)
Guidelines for Writing the Final Paper
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Paper must be 10-12 pages excluding Title Page, References Page, Appendix,
References, etc.
Formatted according to APA style as guide (including title page and reference list).
Must address the topic of the paper with critical thought.
Must include an introductory paragraph with a succinct thesis statement.
Must conclude with a restatement of the thesis and a conclusion paragraph.
Must utilize a minimum of eight scholarly references in addition to the course text (9 total).

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