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Compensation Trends: The current state of the economy has put renewed and increased pressure on the compensation programs that were in place in organizations. People today are relying on a decent wage and decent benefits for themselves and their families. There are many people who find out that it is not necessarily worth it to go to work, and instead it is more cost effective to live off of state funds. Obviously, organizations need to provide competitive wages and benefits to make it worth an employee�s while to go to work. There is an ever-growing number of �working poor� in this country. What do you think are the most important trends and techniques in compensation practice today? Why are these challenges today?
Main Task: Assess Current Compensation Trends
Create a presentation to prepare managers to evaluate the total compensation programs that are likely to be needed in the workplace over the next ten years. In preparing the presentation, the content of the PowerPoint slides must incorporate at least three journal articles or publications which may provide some insights into the future requirements for effective pay programs. For example, the research could include the nature of knowledge jobs that will exist in the next decade. The presentation must address pay equity in organizations, and the audience will be your senior management and a few staff members. The multi-generational workforce, along with more work-life balance demands by workers, may also influence future pay programs. Imagine that you are presenting to senior management.
Incorporate appropriate animations, transitions, and graphics as well as �speaker notes� for each slide. Support your presentation with minimum of five (5) scholarly resources. In addition to these specified resources, other appropriate scholarly resources, including older articles, may be included.
The speaker notes may be comprised of brief paragraphs or bulleted lists.
Length: 10-15 slides (with a separate reference slide)
Notes Length: 150-200 words for each slide
Be sure to include citations for quotations and paraphrases with references in APA format and style where appropriate
Assignment Outcomes
Analyze the importance of balancing internal and external pressures and effects of external competitiveness in designing pay structures.
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