Compensation Purpose and Strategy Document
The purpose of this assignment is to choose a compensation philosophy that is appropriate for your chosen firm and articulate a rationale for this selection.
There are two aspects to this assignment. First, describe the risks and benefits with leading, meeting, and lagging the market in overall compensation and benefits. Next, choose the appropriate strategy (lead, meet, or lag) for your firm, and provide rationale about why this is appropriate.
There is a minimum requirement of 500 words for the compensation purpose and strategy document. Consider some of the following factors in your assignment:
1. Payroll expenses are usually the highest expense at most firms. If you lead the market, this expense can be taxing.
2. If you are pursuing top talent in human capital rich industries (e.g., software engineering), lagging the market may keep you from competing for market share against your competitors.
3. If you meet the market, paying average will generally not attract top talent, and in addition, you will not have the labor-cost savings of a lag-the-market strategy.
The Future of Training PowerPoint Presentation
As powerful as technology has become in the everyday work environment, we must now question where the technology is taking us. Additionally, what does the future hold for technology and analyzing data?
In this assignment, you will address these questions by developing a PowerPoint presentation that includes supporting data. At a minimum, the following components should be included in your presentation:
four slides that examine the evolution of technology in training,
four slides that examine the future of technological advancements that support successful training efforts, and four slides that summarize how technology contributes to producing training needs analysis.
The presentation should consist of at least 14 slides; there should be 12 slides of content as well as a title slide and a reference slide. You must use at least two sources, with one being the textbook and the other being academic in nature from any database within the CSU Online Library. Be sure to cite any sources used on the reference slide with proper APA style.
Information about accessing the grading rubric for this assignment is provided below.