Business Research and Presentation: Compensation Strategies

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Business Research and Presentation: Compensation Strategies Business Research and Presentation: Compensation Strategies Table of Contents Sr. # Particulars Page # 1 Executive Summary 2 2 Introduction 3 3 Important Components of Compensation Packages 4 4 The Impact of Compensation Strategies on Employees' Performance 5 5 Challenges and issues in International Compensation Strategies 6 6 Conclusion 8 7 References 9 Executive Summary The purpose of this report is to research secondary resources to evaluate the effectiveness of compensation strategies for an organization. The report has been written in the light of peer-reviewed scholarly articles; each of which discusses the topic from a different perspective. The focus of the report is to evaluate all the factors which make a compensation package effective for the organization. The evaluation has been done under three major ideas or topics. The first topic is "Important components of compensation packages" explains what makes a compensation package acceptable by the employees. When compensation packages are decided, organizations keep in mind the skills, qualifications, and experiences required for the job, and then offer their compensation package accordingly. An attractive compensation package is vital in the effective achievement of organizational goals through its workforce. The second topic, "The impact of compensation strategies on employees' Performance" discusses

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