Hrm 400 disc wk 6

Copy paste each question and answer it in a paragraph of about 140 words

Refs and cite.

Answer the following two questions using the question and answer (Q&A) format; in other words, include the original question along with your response.

Within your post, support your responses with information from at least one peer-reviewed/scholarly source (not older than 3-5 years) from CSU Global online library or the Internet, and provide the full citation at the end. Use APA guidelines to format your references.

  1. What are the major elements of a total compensation package?
  2. Why and how do the elements of the total compensation packages need to change over time in order for the organization to remain competitive in the marketplace?





preview of the answer..

What are the major elements of a total compensation package?

In today’s competitive business environment, attracting and retaining the best available talents is key to organizational survival and achieve its business objectives. An effective method to accomplish this is for the organization to have a compensation system that is viewed by current and prospective employees as complete. According to Nazir et al. (2002), a total reward …

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