HRM/324 HRM324 HRM 324 Week 5 Team Assignment Managing Compensation

As a team write a minimum 700 word paper in which you discuss the various ways in which an organization can manage employee compensation/benefits costs. Discuss how organizations can manage compensation costs without compromising the goals of an effective compensation system, one of which is to motivate employees.  Format and cite your paper according to APA standards.

HRM/324 HRM324 HRM 324 Week 5 Team Assignment Managing Compensation

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AttachmentsHRM_324_Week_5_Team_Assignment_Managing_Compensation.docx (Preview File Here) compliant with pay laws and keeping the expense of offering the compensation low.  Compensation costs have risen sharply in recent years, primarily because of escalating benefit costs. Employers now spend more than $1 trillion on employee benefits. In 2003 the Society for Human Resource Management reported that benefit costs averaged 39 percent of total payroll in 2001, up from 37.5 percent i
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