A strong compensation and benefits system can enable an organization to balance between providing competitive market wages to attract high-quality candidates that will stay with the organization and yet keeping to an adequate spending budget.
Many compensation professionals are faced with making choices about which discretionary benefits to drop because funds are limited, and the costs of these benefits continually increase. Assume you must make such choices. Rank-order discretionary benefits from the ones you would most likely eliminate to the ones you would least likely eliminate. Explain your rationale. In your opinion, do such factors as the demographic composition of the workforce of the company matter? Explain.
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