Provide an explanation of the compensation and benefits within the organization compared with industry standards

Resource: Compensation and Benefits Explanation Letter

Template

Research the standards used for compensation and benefits for a retail organization of your choice using websites such as the Department of Labor, the National Retail Federation, and the Society for Human Resource Management.

Acting as the Human Resource Generalist for the organization, develop a letter to the employees explaining the compensation and benefits standards.

Prepare a 700- to 1,050-word properly formatted letter to the employees using the provided template in which you:

• Provide an explanation of the compensation and benefits within the organization compared with industry standards. Use your research on the organization and industry standards to support your explanation.:
• Compare the organization’s standards with those of the industry as a whole.
• Explain what is included in the organization’s compensation and benefit plan.
• Explain the incentive techniques used by the organization.
• Explain motivational strategies used for the sales team and/or front-line employees.
• Explain why the compensation and benefits standards within the organization support the growth and development of all employees.
• Ask employees to provide feedback on the current compensation and benefit standards via an upcoming survey that will be used to make recommendations for improvements to upper management.

Cite your research and format your paper consistent with APA guidelines.