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Designing a Compensation Package
Week 3 Assignment: Designing a Compensation Package
The University of Arizona Global Campus BUS
434: Compensation & Benefits Management
, 2
Designing a Compensation Package
The employment market is highly competitive, driven by ongoing societal changes and
evolving demands. Companies must effectively manage their finances and adapt to these changes
to ensure ongoing success. Conducting a systematic job analysis is crucial to assess each position
accurately. Striking the right balance between job compensation and the evolving needs of
society is essential. Creating an appropriate compensation package holds significant importance
for every company. It begins with designing comprehensive job descriptions for each position.
Maintaining competitiveness in crafting compensation packages is vital for attracting and
retaining top talent that aligns with the company's vision and objectives. Designing a
comprehensive compensation package involves considering various factors. For the role of
Human Resource Generalist, the compensation package should incorporate current and relevant
elements to attract a highly qualified candidate pool. A well-crafted job description is critical,
clearly outlining the essential requirements and expectations to attract suitable candidates.
Within this proposal, I will provide a detailed job description, propose a method for job
evaluation, explore intrinsic and extrinsic benefits, present the compensation package and its
rationale, outline the approach for measuring performance, justify the significance of the
proposal, and provide an overview of the compensation strategy.
Job Description
Human Resources Generalist
Salary: $55,000 - $68,500
Full Time: M-F, 9:00am - 5:00pm
Designing a Compensation Package
Week 3 Assignment: Designing a Compensation Package
The University of Arizona Global Campus BUS
434: Compensation & Benefits Management
, 2
Designing a Compensation Package
The employment market is highly competitive, driven by ongoing societal changes and
evolving demands. Companies must effectively manage their finances and adapt to these changes
to ensure ongoing success. Conducting a systematic job analysis is crucial to assess each position
accurately. Striking the right balance between job compensation and the evolving needs of
society is essential. Creating an appropriate compensation package holds significant importance
for every company. It begins with designing comprehensive job descriptions for each position.
Maintaining competitiveness in crafting compensation packages is vital for attracting and
retaining top talent that aligns with the company's vision and objectives. Designing a
comprehensive compensation package involves considering various factors. For the role of
Human Resource Generalist, the compensation package should incorporate current and relevant
elements to attract a highly qualified candidate pool. A well-crafted job description is critical,
clearly outlining the essential requirements and expectations to attract suitable candidates.
Within this proposal, I will provide a detailed job description, propose a method for job
evaluation, explore intrinsic and extrinsic benefits, present the compensation package and its
rationale, outline the approach for measuring performance, justify the significance of the
proposal, and provide an overview of the compensation strategy.
Job Description
Human Resources Generalist
Salary: $55,000 - $68,500
Full Time: M-F, 9:00am - 5:00pm
