Learning Goal: I’m working on a management question and need guidance to help me learn.
Discussion 4: Compensation Strategies
Post a 225- to 300-word (3- to 4-paragraph) application of a non-traditional compensation method for a diverse workforce. In your application, address the following:
What is the “outside the box” or non-traditional compensation method or strategy you identified and why do you think it would appeal to a diverse workforce?
As an HR professional, how would you demonstrate to organizational leadership that your suggested compensation method or strategy has value?
Similarly, how would you implement the compensation method or strategy in a way that would appeal to the highest number of employees? How might your approach change for employees of different ages, backgrounds, income brackets, or levels of professional experience, if at all?
To support your response, be sure to reference at least one properly cited scholarly source.