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Select a company for which you would like to work and determine the necessary components of an attractive compensation plan.Note: You may use the same company you selected for your
Describe (briefly) your “dream job” with the selected company.
Create a rewards and compensation package for this position that would attract skilled workers and control costs.
Create a benefits package for this position that is competitive and advantageous to the company.
Speculate on how the negotiating and collective bargaining of this position would contribute to the company’s talent management strategy for retaining high performing employees, including your rationale.
Dream Job:
I would love to work as a Senior Software Developer for the selected company. I have experience in software development and project management, so I believe this position would be a great fit for me.
Rewards & Compensation Package:
The rewards and compensation package should include competitive pay, bonuses, stock options and other financial incentives, such as 401K matching or reimbursement of certain expenses. To control costs and stay competitive with similar positions at similar companies, there could also be performance-based pay increases or promotions based on meeting certain goals. Additionally, flexible scheduling or remote working arrangements could be included to attract skilled workers who are looking for more freedom in their job choice.
Benefits Package:
The benefits package should include medical insurance coverage options that meet the needs of employees while still being cost effective for the company. Options like dental insurance plans, vision care coverage and disability insurance are important benefits that can help attract talent to the company’s open positions. Other potential benefits could include paid vacation time off or an employee assistance program (EAP). Finally, bonuses could be awarded when an employee goes above and beyond expectations as another form of recognition from thecompany.
Negotiation & Collective Bargaining: Negotiating and collective bargaining is essential when it comes to retaining high performing employees because it provides them with clear expectations going into their role within the organization while simultaneously protecting their rights as well as those of other employees within the company’s workforce. Negotiations between management representatives and labor unions/representatives can result in beneficial agreements for both parties which can improve recruitment efforts by showcasing that all voices are heard at all levels of employment within the organization thus creating a positive reputation among potential recruits further strengthening talent retention strategies overall.