Select an organization or industry you are familiar with (or select a company from the list provided below) and write a 3-5 page paper (double-spaced, 12 point font) discussion how that organization’s compensation strategies/policies impact the organization’s competitiveness in the industry AND/OR help the company achieve its strategic goals. Topics to cover in this paper include:
- Introduction – Provide a one-paragraph summary of the company (name, location, age of the company, number of employees, type of work done at the company, etc.)
- Provide a general overview of the company’s compensation programs
- Identity and describe ONE part of the compensation plan that is strategic in nature (e.g., it makes the company more competitive OR helps the company meet its strategic goals).
- Identity and describe ONE compensation strategy that helps this company attract/recruit new employees. Be sure to clearly describe exactly how this strategy would help attract/recruit employees.
- Identity and describe ONE compensation strategy that helps this company retain their high performing employees. Be sure to clearly describe exactly how this strategy would help attract/recruit employees.
- Provide a conclusion summarizing your opinion about this company’s compensation strategies/policies (e.g., do you think it is internally aligned, externally competitive, helps the company recruit and retain employees, is innovative, needs improvement, etc.)
Possible companies to select for this paper include:
- Zappos
- Costco
- Pfizer
- Chevron
- Adobe