Benefits and compensation are often one of an organization’s highest operating costs, but also critical to their ability to attract and retain key talent.
You work in Human Resources within a manufacturing company, and your Director has asked you to develop a brochure that depicts the various benefits offered by the organization. This brochure will be provided to newly hired employees as part of their onboarding process. The brochure should address the following:
Explain the benefits that are required by law in a U.S.-based company.
Indicate available benefit choices for three distinct workgroups within the company. Consider that one of the groups may be unionized or work at the plant’s European facility.
Explain how the organization uses those benefits to help support employees’ hiring and retention and why certain benefits have been chosen.
Your brochure can be in any format you like, using programs such as Word or Adobe.
You are encouraged to include graphics, charts, and any other supportive visual aids.
Length: 2-3 pages, not including title and reference pages
References: Include a minimum of 3 scholarly references.
Your brochure should demonstrate thoughtful consideration of the ideas and concepts presented in the course by providing new thoughts and insights relating directly to this topic. Your response should reflect scholarly writing and current APA standards where appropriate. Be sure to adhere to Northcentral University’s Academic Integrity Policy.
Attracting Talent: Competitive benefits and compensation packages can help organizations attract the best talent in the industry. In a highly competitive job market, top candidates are more likely to choose an organization that offers attractive salaries, health insurance, retirement plans, and other benefits.
Retaining Talent: Once an or
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Improved Performance: Employees who are satisfied with their compensation and benefits are more likely to be motivated and productive. They are also less likely to leave the organization, which can help reduce the costs associated with turnover.
Positive Company Image: Offering attractive compensation and benefits packages can help organizations build a positive image in the community and attract more customers. It can also help organizations establish a reputation as an employer of choice, which can help attract top talent in the future.
Overall, competitive benefits and compensation packages are critical to an organization’s ability to attract and retain top talent, improve performance, and build a positive company image.