Discuss how, working collaboratively, the federal government and U.S. businesses can modify employee compensation packages to become more globally competitive.

Employee compensation packages 2302 | Business & Finance homework help

The federal government and U.S. businesses can work together to modify employee compensation packages to become more globally competitive by focusing on providing a mix of pay, benefits, and other incentives that are tailored to the needs of employees. This could include offering tax breaks or other financial incentives for employees who work in underserved areas or have specialized skillsets; increasing wages for workers in certain sectors; providing better health insurance coverage or retirement savings programs; and offering flex-time schedules and other flexible working arrangements. Additionally, businesses would need to take into account cultural differences in different countries when developing their global compensation packages, as well as any regulations that might be applicable in those countries.