[ORDER SOLUTION]  Compensation and Benefits

1)  you are the new HR manager for a new company.  Describe the company’s business and its location. 2)  the CEO considers you to be an expert in compensation and benefits for 40 FT employees. 3) you are to develop a report for the BOD 4) distinguish mandatory benefits and voluntary benefits  5)  you will select and design the voluntary benefits; consider the costs to the company.Develop  a compensation  and benefits package for your  company.  You must  first  address the type  of company  you  were hired  for  (your  choice). Second,  you  must  select the city  and state in  which  the small  company  is  located  (your  choice).  In your  HR Compensation  and Benefits  Report to  the board, you  must  address the following:1.Identify  the  Organization’s  Benefits Objectives and Budget: The organization’s business  and/or  HR strategy will  help  guide  the development  of the benefits objectives, as these objectives  should  help  achieve  the overall  strategic  goals.  Factors such as employer  size,  location,  industry,  and  collective  bargaining  agreements should  be considered  in  the development  of the benefits objectives.2.Conduct a Needs Assessment: This needs assessment will  be based on  your company’s location and estimated future size. It should  be conducted  to determine the best benefits  selection  and  design  based on the needs and  wants of  the employees.  The needs assessment may  include  an employer’s  perception  of employee  benefits  needs,  competitor’s  benefits  practices,  and  tax laws and regulations.3.Formulate  a Benefits  Plan Program: Using  the data collected  from  all resources in Step 2,  the employer  can begin  to formulate  benefits  offerings  in  order of priority. Can changes be made to  the current plan  design  to  induce  cost savings?  Can benefits that are underused  or not  valued  by employees  be eliminated?  What are the administrative  costs for  the benefits?  What cost-containment  features can be put  in place? Will  employees  have to  contribute,  and  how much?  These are among  the evaluations  an employer  will  make  in  determining  whether to  add,  change, or eliminate  benefits offerings.4.Communicate  the  Benefits  Plan to Employees : Employee  understanding  of  the benefits  is  critical  to  employee  buy-in.  Without  buy-in,  the employer’s  efforts,  no matter how  perfectly  designed  to meet employees’  needs, may  be futile.  The positive impact  on recruiting,  retention, and employee  morale  may be lost  without  effective communication  plans.  Good  benefits  communication  objectives  should include:•Creating  awareness and appreciation  of the new or existing  benefits and improving  employee  financial security. •Providing a high level of understanding of the benefits offered. •Encouraging wise use of benefits.5.Develop a Periodic Evaluation Process to Determine  Effective ness of Benefits : Periodically  reviewing  the benefits  plan  program  is  another important  step in  the benefits  management  process. The benefits  program  must  be assessed on a regular basis  to determine  if  it  is  meeting  the organization’s  objectives  and employees’ needs. Changes in  the  business  climate,  the economy,  the regulatory  environment, and workforce  demographics  all  create dynamics  that affect benefits offerings.6.Christian  Worldview: What is God’s approach to money, and  how we are to care for others? Provide  a verse from the Bible, and  discuss  how this  relates to the HR process.

Struggling to find relevant content or pressed for time? – Don’t worry, we have a team of professionals to help you on
[ORDER SOLUTION]  Compensation and Benefits
Get a 15% Discount on this Paper
Order Now
Calculate the price
Make an order in advance and get the best price
Pages (550 words)
$0.00
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
Sign up, place your order, and leave the rest to our professional paper writers in less than 2 minutes.
step 1
Upload assignment instructions
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
s
Get personalized services with MyCoursebay
One writer for all your papers
You can select one writer for all your papers. This option enhances the consistency in the quality of your assignments. Select your preferred writer from the list of writers who have handledf your previous assignments
Same paper from different writers
Are you ordering the same assignment for a friend? You can get the same paper from different writers. The goal is to produce 100% unique and original papers
Copy of sources used
Our homework writers will provide you with copies of sources used on your request. Just add the option when plaing your order
What our partners say about us
We appreciate every review and are always looking for ways to grow. See what other students think about our do my paper service.
Nursing
Amazing as always!!! :)
Customer 452453, March 16th, 2023
Human Resources Management (HRM)
Thank you
Customer 452531, May 19th, 2021
Business and administrative studies
GREAT
Customer 452813, June 20th, 2022
Human Resources Management (HRM)
Excellent Thank you so much
Customer 452813, September 18th, 2024
Social Work and Human Services
Thank you
Customer 452559, July 2nd, 2021
English 101
I'm glad i came to you guys
Customer 452519, May 11th, 2021
Other
great
Customer 452813, December 12th, 2024
Human Resources Management (HRM)
Thank you
Customer 452701, November 1st, 2022
Other
great
Customer 452813, June 25th, 2022
Technology
I can work with it and massage it to what I need. Thank You
Customer 452827, July 19th, 2022
Human Resources Management (HRM)
Thanks for the paper.
Customer 452701, September 15th, 2023
Social Work and Human Services
Great Work!
Customer 452587, September 16th, 2021
OUR GIFT TO YOU
15% OFF your first order
Use a coupon FIRST15 and enjoy expert help with any task at the most affordable price.
Claim my 15% OFF Order in Chat

Good News ! We now help with PROCTORED EXAM. Chat with a support agent for more information