Increasing Compensation
Description
We have learned that increasing compensation can lead an organization to be less competitive against lower-wage countries, and have learned that benefits are rising at an increasingly unsupportable rate for both employers and employees. Using knowledge gained from the textbook and other sources throughout this course, compose a 4-5 page response to the following. Include a minimum of two scholarly citations.
Discuss how, in general, organizational compensation expenses (to include benefits) have increased over the past 20 years.
Assess how most organizations and their employees have responded to these increases (shifting expenses to employees, employees choosing less-rich benefits, etc.).
Assess projections for employee compensation and benefits in the next 10 years. Include at least 2 challenges that will occur in the coming years for organizations and their employees in relation to compensation and benefits and project how organizations and their employees should respond. Be sure to ground your projections in research.
Resources (you do not have to use them all but these will be the only resources):
Last Completed Projects
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