A well-articulaterd compensation philosophy aligns pay and other rewards with business strategy. As such, the philosophy statement will reflect unique strategy, culture and values. Investigate the compensation philosophy statements of

A well-articulaterd compensation philosophy aligns pay and other rewards with business strategy.  As such, the philosophy statement will reflect unique strategy, culture and values.  Investigate the compensation philosophy statements of an organization and evaluate the philosophy statement based on the following characteristics: 1.   is the single, underlying philosophy that is articulated within the document?  Summarize in one sentence. 2.   is the philosophy’s potential for variability?  In other words, can the philosophy be applied to both exempt and non-exempt employees? Explain fully. 3.  Does the philosophy statement consider similar markets or business industries?  How do you know?  How is this reflected within the philosophy statement? 4.   market strategy is reflected within the statement? (Refer to Chapter Two of Text- Attached copy of strategy for reference). 5.   references/links are made to employee performance? 6.   information is provided about communication/openness?  If none is provided, why do you think this information was not included? 7.   are the goals of the compensation plan? 8.  How is compensation defined? 9.   is the targeted competitive position in the market? 10.   role does performance play? 11.   will be the mix of compensation? 12.  In your opinion, what does the compensation philosophy communicate to employees or potential employees? 13.  Conclude your evaluation by rating the compensation philosophy on the basis of it being realistic, equitable, and transparent. 14.  The last page of the assignment should be reference page in APA format including in-text citations. Phillips 66 Walgreens Boots Alliance AFLAC http://investors.aflac.com/financial-reporting/proxy-statements.aspx

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