Discussion—Compensation Issues

Organizations should constantly review its compensation  package to ensure it is competitive with the current market conditions.  Many companies attempt to offset salaries  with benefits such as premium medical plans, 401k matching, and stock  options.  Yet, some employees still feel  as though they are under compensated for their talents and contributions to the  company.

 Think about your current yearly compensation plan at your  organization, a previous organization, or if you don't have options other than  a salary, you can research plans online (please be sure to reference the  company used). Compensation extends  beyond just the paycheck provided to you.   It includes medical coverage, tuition reimbursement, flex spending  account options, etc.

 Analyze the  compensation plan and address the following questions: 

Is the compensation plan attractive enough to retain current employees and       recruit new talent?  Identify the key elements that serve as a positive draw of this talent to your organization. 

Recommend areas for improvement. For example, if the compensation plan       does not include 401k investing, why should your company consider including that as part of the compensation package. 

Write your responses in about 300 words. Use scholarly,  peer-reviewed sources as necessary to support your position from the resources. Be sure to follow proper APA format.