Human Resources and Benefit Programs

Paper Summary:

Establishing appropriate levels of pay is an important part of the mission of the professional human resources division of companies today, and providing appropriate levels of benefits that will attract and retain qualified, talented people is a critical contribution to the accomplishment of an organization's mission. Today, the human resources manager has several tools available to help establish appropriate pay structures and to determine these levels of benefits. This paper provides some timely examples of how a manager can use these tools to determine the best mix of pay structure and benefits. A summary of the research is provided in the conclusion.

From the Paper:

"The old saying, "Bloom where you are planted" is appropriate in many situations in the workplace. Sometimes people become stressed and unsatisfied with a particular job because they feel they are unable to meet the challenges or requirements, or, conversely, they may feel that the position does not provide sufficient challenges or opportunity for advancement. Beyond these work-related challenges, people are always concerned about how much money they make and what benefits are provided for them and their families. In today's healthy economic environment, human resource managers are facing an increasingly competitive job market where employees can pick and choose the salary and benefit packages which best suit their needs. Establishing appropriate levels of pay is an important part of the mission of the professional human resources division of companies today, and providing appropriate levels of benefits which will attract and retain qualified, talented people is a critical contribution to the accomplishment of an organization's mission. Today, the human resources manager has several tools available to help establish appropriate pay structures and to determine these levels of benefits. This paper will provide some examples how a manager can use these tools to determine the best mix of pay structure and benefits. A summary of the research is provided in the conclusion."

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