Compose a three-page essay defining compensation, compensation philosophy, and critical components of a compensation strategy. 1) Definition of compensation 2) Overview of compensation philosophy which is composed of the outline employees benefits, strategic compensation, describing building internally consistent compensation systems, compensating expatriates, and executive compensation. 3) Critical components of a compensation strategy 4) Example of an effective compensation practice/policy in a company

The topics presented in the textbook are job analysis, job-based structures and person-based structures. In addition to your readings review the following:

• The U.S. Department of Labor
• International Foundation of Employee Benefit Plans
• World at Work, compensation related journals
• Society of Human Resource Management
• The Employee Benefits Research Institute

• Week 2 Wiki Project

  Visit each of the websites provided in this week’s reading section. Create a class wiki using each site as a heading.

  Under each heading, list information and articles that you found valuable or interesting in that website. You may include the page links, but be sure to briefly explain the reason for each selection.

  Finally, create a heading, The Composition of Compensation, and research this topic. List your findings under this heading. Remember to use reliable resources and provide references.

  WIKI Page Categories/Headings:

  • The Department of Labor
  • International Foundation of Employee Benefit Plans
  • The World at Work
  • Society of Human Resource Management
  • The Employee Benefits Research Institute
  • The Composition of Compensation

RUBRIC ATTACHED

The topics presented in the textbook are job analysis, job-based structures and person-based structures. In addition to your readings review the following:

• The U.S. Department of Labor
• International Foundation of Employee Benefit Plans
• World at Work, compensation related journals
• Society of Human Resource Management
• The Employee Benefits Research Institute

• Week 2 Wiki Project

  Visit each of the websites provided in this week’s reading section. Create a class wiki using each site as a heading.

  Under each heading, list information and articles that you found valuable or interesting in that website. You may include the page links, but be sure to briefly explain the reason for each selection.

  Finally, create a heading, The Composition of Compensation, and research this topic. List your findings under this heading. Remember to use reliable resources and provide references.

  WIKI Page Categories/Headings:

  • The Department of Labor
  • International Foundation of Employee Benefit Plans
  • The World at Work
  • Society of Human Resource Management
  • The Employee Benefits Research Institute
  • The Composition of Compensation

RUBRIC ATTACHED