Evaluate the organization’s current compensation philosophy and propose ways

Evaluate the organization’s current compensation philosophy and propose ways

Compensation Philosophy***Plagiarism report must be attached*** Each part numbered and labeled. Paragraphs MUST consist of a minimum of 5 complete sentences***Introduction and conclusion paragraph required along with 2 scholarly sources!!!!Follow all instructions****My Organization is the Military!!!!

Evaluate the current compensation philosophy for your organization or an organization of your choosing (from a third-person perspective). Write a three-to-five page paper (not including the title and reference pages). Your paper should be written in a scholarly third-person tone; it should be in APA format. In addition to the introduction and conclusion, your paper should address the following:

Evaluate the organization’s current compensation philosophy and propose ways to enhance or revamp the current compensation philosophy to meet the changing needs of the organization and its employees.

Examine key factors within the internal and external environment including the mission and strategic focus of the organization, as well as the financial and cultural aspects of your organization (i.e., they cannot have a compensation philosophy where they “lead” the market if the organization does not have the financial resources) that should influence this philosophy. The proposed philosophy itself should be no more than a short paragraph.

Identify the key factors that should contribute to the organization’s development based on your proposed organizational philosophy.

Remember to write from a third-person perspective. Do not include wording like “my company’s philosophy is …” Instead include wording like “XYZ Company Name’s philosophy is …” Remember to write about the company and the company’s philosophy; do not refer to you or your connection to the company.

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Introduction

                Compensation philosophy can be defined as an organization’s stand towards the compensation of their employees. This means the terms and policies that have been implemented regarding employee compensation. When the management is willing to pay a particular fixed amount as salary and other allowances to the employees, then that is their compensation philosophy. Many organizations have been criticized…

APA

1185 words

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