Compensation Philosophy

  C​‌‍‍‍‌‍‍‌‍‌‌‍‍‍‌‍‌‌‌‍​ompensation Philosophy Evaluate the current compensation philosophy for your organization or an organization of your choosing (from a third-person perspective). Write a three-to-five page paper (not including the title and reference pages). Your paper should be written in a scholarly third-person tone; it should be in APA format. In addition to the introduction and conclusion, your paper should address the following: -Evaluate the organization’s current compensation philosophy and propose ways to enhance or revamp the current compensation philosophy to meet the changing needs of the organization and its employees. -Examine key factors within the internal and external environment including the mission and strategic focus of the organization, as well as the financial and cultural aspe​‌‍‍‍‌‍‍‌‍‌‌‍‍‍‌‍‌‌‌‍​cts of your organization (i.e., they cannot have a compensation philosophy where they “lead” the market if the organization does not have the financial resources) that should influence this philosophy. The proposed philosophy itself should be no more than a short paragraph. -Identify the key factors that should contribute to the organization’s development based on your proposed organizational philosophy.