Strategic compensation is thought of by HR and Compensation professionals as a way to increase the organizations goal of attracting and hiring the best employees. A successful compensation plan has three main functions, which are: to attract employees to an organization, reduce employee turnover and create high levels of efficacies in the organization.
Click here to download a case study. Read the case study and in a 2-3 page paper, answer the following questions:
Do you feel the strategic compensation procedures discussed in this case study are a competitive advantage for the organization? Why or why not?
What do you think could enhance the tactical compensation decisions discussed in this case study?
What recommendations would you make to the VP, Twyla Thompson in regards to their benefit plan and the All-Star Team plan?
Include a citation of the case study and any other references you may have used for this assignment.