An advantage of corporations is their ability to attract talented staff by offering stock options and other employee benefits.
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- In setting up a pay structure, what legal requirements must an organization meet? Which of these do you think would be most challenging for a small start-up business?How can organizations evaluate and select the most qualified candidate for a position, considering factors such as skills, experience, cultural fit, and potential for growth?3. Why are human skills important at all levels of the corporation?
- Assume your team was hired as a benefits consultant to a small business (super market) having 30 to 40 employees. Aside from mandated benefits by law, what benefits do you believe this employer should offer, given limited resources? Justify your reasons for offering these benefits.How can organizations use flexibility to utilize human talent in the pursuit of achieving strategic goals? How is succession planning used to retain skilled and qualified employees?If a business venture does not have a financial resources to pay employees very high salaries, are there other ways it could attract and retain the talent it needs to grow the business.
- What questions would you ask before youaccepted a sales position in which most of your compensation would be based oncommissions, rather than base salary?If one person is both the CEO and chairperson, what impact will this have on the firm or the stockholders?Some graduating students view starting salary as more important than benefits when selecting their initial employer? Others view benefits as more important. What factors do you think impact these alternate views?