Compensation and Benefits Strategies

| April 11, 2015

Compensation and Benefits Strategies

In today’s world, businesses use various types of resources in an effort to achieve company goals and objectives, and to increase their level of competitiveness in the marketplace. Amongst these resources, many companies find it extremely difficult to develop and maintain effective control of human resource. Companies use different strategies to realize effective management of human resources. As an example, some companies opt to offer attractive benefit packages and compensation to their employees as a way of motivating them towards increased production (Lawler & Boudreau, 2012). Based on these facts, it is evident that companies (such as Landslide Limousines) develop attractive and benefit plan to enhance its ability in maintaining their employees as well as holding their skill personnel. This analysis provides an extensive discussion of recommendations on benefit and compensation packages that should be adapted by Landslide Limousines as it plans to start new transportation services.

 

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