Analysis of the Holland Enterprises Compensation Package The new and effective compensation and benefits package created for Holland Enterprises will reduce turnover, increase employee satisfaction and engagement, and benefit the organization's overall bottom line. Through careful review of the organization's salary structures, incentive bonuses, internal and external actions and overall benefits package, Holland Enterprises' new benefits program will provide an effective and efficient compensation package. competitive. Henderson (2010) writes: “To survive and succeed in a global economy, an organization must be competitive. Labor cost is a major factor in organizational competitiveness. Not only should an organization pay its staff a competitive salary within its geographic region, but it should also vary the types and amounts of rewards offered, recognizing differences in individual contributions. (p. 13) It is important for Holland Enterprises to recognize the contributions of an effective compensation system to their organizational effectiveness. To create organizational effectiveness, leaders must focus on the key elements of employee alignment and engagement, employee management systems, strategic structure, and organizational culture. The level of employee engagement influences customer experiences and organizational performance in terms of productivity and profitability. To achieve organizational effectiveness, an organization must: Provide a strategy that clearly understands that the key to attracting and retaining top talent lies in a competitive compensation package.ResourcesHenderson. Compensation management in a knowledge-based world. 10th edition. Pearson Learning Solutions, library. Retrieved from: http://online.vitalsource.com/#/books/0558582451/pages/14878186Human Resources Council. (nd). Compensation and benefits. Internal and external equity. Retrieved from: http://hrcouncil.ca/hr-toolkit/compensation-systems.cfm O'Hanlon, M. (2014). Are you looking to be more strategic? Retrieved from: http://www.compensationcafe.com/compensation-philosophy/page/3/Right Management. (nd). Organizational effectiveness: discover how to achieve it. Leadership News Journal. Retrieved from: http://www.right.com/thought-leadership/research/organizational-effectness-discovering-how-to-make-it-happen.pdf

Essay / Analysis of the Holland Enterprises Compensation Package The new and effective compensation and benefits package created for Holland Enterprises will reduce turnover, increase employee satisfaction and engagement, and benefit the organization's overall bottom line. Through careful review of the organization's salary structures, incentive bonuses, internal and external actions and overall benefits package, Holland Enterprises' new benefits program will provide an effective and efficient compensation package. competitive. Henderson (2010) writes: “To survive and succeed in a global economy, an organization must be competitive. Labor cost is a major factor in organizational competitiveness. Not only should an organization pay its staff a competitive salary within its geographic region, but it should also vary the types and amounts of rewards offered, recognizing differences in individual contributions. (p. 13) It is important for Holland Enterprises to recognize the contributions of an effective compensation system to their organizational effectiveness. To create organizational effectiveness, leaders must focus on the key elements of employee alignment and engagement, employee management systems, strategic structure, and organizational culture. The level of employee engagement influences customer experiences and organizational performance in terms of productivity and profitability. To achieve organizational effectiveness, an organization must: Provide a strategy that clearly understands that the key to attracting and retaining top talent lies in a competitive compensation package.ResourcesHenderson. Compensation management in a knowledge-based world. 10th edition. Pearson Learning Solutions, library. Retrieved from: http://online.vitalsource.com/#/books/0558582451/pages/14878186Human Resources Council. (nd). Compensation and benefits. Internal and external equity. Retrieved from: http://hrcouncil.ca/hr-toolkit/compensation-systems.cfm O'Hanlon, M. (2014). Are you looking to be more strategic? Retrieved from: http://www.compensationcafe.com/compensation-philosophy/page/3/Right Management. (nd). Organizational effectiveness: discover how to achieve it. Leadership News Journal. Retrieved from: http://www.right.com/thought-leadership/research/organizational-effectness-discovering-how-to-make-it-happen.pdf

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