One way organizations attract and retain talented employees is through a well-designed package of compensation and benefits. Research various approaches to compensation and benefits, and prepare an executive-level report that addresses each of the following:
?Describe the differences between direct and indirect compensation including examples of each.
?Explain the different choices an organization has in developing a comprehensive compensation and benefits package.
?What are the similarities and differences in compensation and benefits in the private versus public sectors?
?What are some of the typical considerations for how organizations design compensation and benefits packages?
?What types of benefits packages are most attractive to workers at different stages in their career? At a minimum, discuss the needs of younger workers, middle-aged workers, and workers nearing retirement