Organizations have been faced with various emerging trends and influences that affect how they need to consider their compensation and benefits packages. Everything from the current political/economic environment to an increase in the use of technology designed to work more from home and have greater work/life balance are influencing how organizations operate and how they are responding to employees’ compensation and benefits needs and requests.
For this week’s assignment, research some of these emerging trends and influences and then write a reflective paper on how they impact organizational compensation and benefits packages. Then, predict how you see potential new compensation and benefits packages evolving for the future.
Be sure to include extrinsic and intrinsic compensation in your response. Also, explain how you think the Board of Directors and other senior leadership teams will react to some of these trends. Provide examples where appropriate to illustrate your thoughts.
Length: 3-5 pages, not including title and reference pages
References: Include a minimum of 3 scholarly or professional references.