Write an essay explaining your new compensation strategy for the mid-level manager position you still need to fill. Your audience is the chief executive officer (CEO) and other supervisors in your org ...

For this assignment, write an essay explaining your new
compensation strategy for the mid-level manager position you still
need to fill. Your audience is the chief executive officer (CEO) and
other supervisors in your organization. In this essay, include the
items listed below.

After a brief introduction, explain how equal employment opportunity
laws impact the organization’s compensation strategy.
Compare and contrast the advantages and disadvantages of
pay-for-performance and competency-based pay. What strategy would you
recommend for your organization, and why?
Explain how various motivational theories can factor into your
development of a multi-generational compensation package for your
whole organization that includes indirect benefits. Be sure to give
specific examples of how different generations of applicants or
employees will be affected.
Explain your proposed compensation package, which should include
direct and indirect benefits and how the package will affect hiring
and retention. Be sure to specifically identify how much you will pay
the mid-level managers, and indicate how it compares to your state and
the federal minimum wage. You can search the Internet for sites that
list comparable pay data. You should identify a low, medium, and high
pay range for the mid-level manager.
Explain how you will assess the effectiveness of the compensation
strategy a year from now.

Your essay will contain a one-page appendix in which you will create a
chart of your compensation strategy. This chart should have three
columns, which should address the areas listed below:

legally mandated benefits,
direct benefits (include how much you will pay the mid-level managers), and
indirect benefits.

Your essay will be a minimum of three pages in length, not counting
the appendix, title page, or references page. You must use at least
two sources to support your essay. Adhere to APA Style when
constructing this assignment, and make certain to include in-text
citations and references for all sources that are used. Please note
that no abstract is needed.

Solution: