Description
Summary:
Submit the draft of your final research paper.
Draft means gathering whatever you have found so far for different sections of your paper. The next step would be organizing and formating the draft and submitting the final research paper in week 8.
Submitting the draft has many advantages for you and the best would be getting your professor feedback on it before submitting the final version. The more detailed the draft you submit, the more detailed feedback you get.
The Guideline is attached below.
You can find the grading rubric for the final research paper in the following link:
Title Justification
COMPENSATION POLICY AS MEANS OF ATTRACTING AND RETAINING
EMPLOYEE
Compensation refers to the rewards to an employee after they have offered their services to
the company (Lynn et al., 2011). The direct relationship is that companies with good
compensation policies tend to attract and retain more and better employees. The pivotal
significance of having a good compensation policy satisfies the well-being of employees and
the organization at large (Lynn et al., 2011). When an employee’s well-being is minded, the
expectation is that their productivity will increase. However, considering productivity is not
affected by one variable, companies are continually faced with the problem of maintaining a
good compensation practice without affective the organization’s profitability (Brown et al.,
2003). This topic confronts the issue of curating a balanced compensation policy to serve its
financial interests and increase employees’ morale, attract and retain them, and maintain
organizational effectiveness. The topic, therefore, investigates compensation policy as a
means of increasing employee acquisition and retention.
The importance of having a stable workforce in an organization enhances the reputation of
the organization and the brand at large. It translates into more productivity, increasing
profitability, and continuous growth (Brown et al., 2003). Corporate managers, entrepreneurs,
and human resources personnel will realize the significance of studying this topic. By
researching this topic, there stands a chance of discovering a practical framework of
compensation that can attract and retain employees. Finally, the findings of this topic serve as
an essential reference point for future projects by professionals and students. Researching this
topic is does a lot of purpose to the current human resource personnel since it enables them to
realize the benefits of adequate compensation and benefits dissemination. The critical
component in constructing a compensation policy is ensuring equitability and being fair to all
parties concerned (Brown et al., 2003).
The research topic shall concentrate on compensation policies and how they can be
developed to serve both the financial interests of the company as well as being attractors and
retainers of employees. This topic shall focus on analyzing the compensation policies of
several corporations by looking into their minimum, maximum, and average wages and
matching that to their average working hours. The research shall also track down at least two
respondents from each highlighted company. One of them should be a current employee and
another one who is a former employee to get their opinions on the compensation policy about
the work demands. Finally, the project shall analyze employee turnover and, from this, draw
inferences.
References
Brown, M. P., Sturman, M. C., & Simmering, M. J. (2003). Compensation policy and
organizational performance: The efficiency, operational, and financial implications of pay
levels and structure. Academy of Management Journal, 46(6), 752-762.
Lynn, M., Kwortnik Jr, R. J., & Sturman, M. C. (2011). Voluntary tipping and the selective
attraction and retention of service workers in the USA: an application of the ASA model. The
International Journal of Human Resource Management, 22(9), 1887-1901.
Title Justification
COMPENSATION POLICY AS MEANS OF ATTRACTING AND RETAINING
EMPLOYEE
Compensation refers to the rewards to an employee after they have offered their services to
the company (Lynn et al., 2011). The direct relationship is that companies with good
compensation policies tend to attract and retain more and better employees. The pivotal
significance of having a good compensation policy satisfies the well-being of employees and
the organization at large (Lynn et al., 2011). When an employee’s well-being is minded, the
expectation is that their productivity will increase. However, considering productivity is not
affected by one variable, companies are continually faced with the problem of maintaining a
good compensation practice without affective the organization’s profitability (Brown et al.,
2003). This topic confronts the issue of curating a balanced compensation policy to serve its
financial interests and increase employees’ morale, attract and retain them, and maintain
organizational effectiveness. The topic, therefore, investigates compensation policy as a
means of increasing employee acquisition and retention.
The importance of having a stable workforce in an organization enhances the reputation of
the organization and the brand at large. It translates into more productivity, increasing
profitability, and continuous growth (Brown et al., 2003). Corporate managers, entrepreneurs,
and human resources personnel will realize the significance of studying this topic. By
researching this topic, there stands a chance of discovering a practical framework of
compensation that can attract and retain employees. Finally, the findings of this topic serve as
an essential reference point for future projects by professionals and students. Researching this
topic is does a lot of purpose to the current human resource personnel since it enables them to
realize the benefits of adequate compensation and benefits dissemination. The critical
component in constructing a compensation policy is ensuring equitability and being fair to all
parties concerned (Brown et al., 2003).
The research topic shall concentrate on compensation policies and how they can be
developed to serve both the financial interests of the company as well as being attractors and
retainers of employees. This topic shall focus on analyzing the compensation policies of
several corporations by looking into their minimum, maximum, and average wages and
matching that to their average working hours. The research shall also track down at least two
respondents from each highlighted company. One of them should be a current employee and
another one who is a former employee to get their opinions on the compensation policy about
the work demands. Finally, the project shall analyze employee turnover and, from this, draw
inferences.
References
Brown, M. P., Sturman, M. C., & Simmering, M. J. (2003). Compensation policy and
organizational performance: The efficiency, operational, and financial implications of pay
levels and structure. Academy of Management Journal, 46(6), 752-762.
Lynn, M., Kwortnik Jr, R. J., & Sturman, M. C. (2011). Voluntary tipping and the selective
attraction and retention of service workers in the USA: an application of the ASA model. The
International Journal of Human Resource Management, 22(9), 1887-1901.
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