We use cookies to give you the best experience possible. By continuing we’ll assume you’re on board with our cookie policy

Compensation And Benefits Strategies Recommendations Persuasive

The whole doc is available only for registered users

A limited time offer! Get a custom sample essay written according to your requirements urgent 3h delivery guaranteed

Order Now

When you hear the word compensation, what do you think of? Most people think about what a person is paid. Even though this is true, compensation also includes benefits, which are provided to employees in return for their contribution to an organization. To determine compensation, organizations should develop a compensation and benefits program. In order to remain competitive in today’s labor market, an organization will need a well-structured program with a good balance of wages, benefits and rewards to ensure sustainability in the future.

Landslide Limousines has requested recommendations on a compensation and benefits program for no more than 25 employees that is comparable to other limousine services in Austin, Texas. After conducting a market evaluation, a preferred compensation structure, the organization’s position in the market, and a compensation and benefits strategy will be recommended on Landslide Limousines’ behalf. A total compensation and benefits strategy will then be created, with performance incentives and merit pay considerations included. Lastly, laws related to the benefits and pay program will be identified.

Market Evaluation
Finding and maintaining qualified employees is difficult for small-sized employers. With the rise of health insurance premiums, employers are finding it difficult

On account of tight competition, hiring qualified and experienced limousine drivers in Austin, Texas for a small start-up business is challenging. Austin has a large number of competing limousine businesses operating in or near the Austin area. 441 competing companies in Austin create a number of issues when it deals with human resources. Among the problems one could expect in this market is high employee turnover because to low wages. Another factor to consider is the tightening of the US job market in current years. The number of qualified applicants is decreasing as the US economy improves and employment in US job market pick-up. The Bureau of Labor Statistics published the newly released, November 8, 2013, Government figures from the Bureau of Labor Statistics. It shows that total nonfarm payroll employment rose by 204,000 in October, 2013. “Employment increased in leisure and hospitality, retail trade, professional and technical services, manufacturing, and health care,” (Bureau of Labor Statistics, 2013). As this trend continue into the months ahead it is expected


Yelp. (2004-2015). Retrieved from http://www.yelp.com/search?find_desc=limousine+service&find_loc=Phoenix%2C+AZ&ns=1#find_loc=Austin,+TX

Related Topics

We can write a custom essay

According to Your Specific Requirements

Order an essay
Materials Daily
100,000+ Subjects
2000+ Topics
Free Plagiarism
All Materials
are Cataloged Well

Sorry, but copying text is forbidden on this website. If you need this or any other sample, we can send it to you via email.

By clicking "SEND", you agree to our terms of service and privacy policy. We'll occasionally send you account related and promo emails.
Sorry, but only registered users have full access

How about getting this access

Your Answer Is Very Helpful For Us
Thank You A Lot!


Emma Taylor


Hi there!
Would you like to get such a paper?
How about getting a customized one?

Can't find What you were Looking for?

Get access to our huge, continuously updated knowledge base

The next update will be in:
14 : 59 : 59