21 Sep Nontraditional Strategies for Attracting Talent
Imagine if you were an HR professional trying to hire for a position, but your company’s budget only allows for a yearly salary that is $7,000 less than the average salary for that position in your area. If all you can offer is that salary, then you run the risk that the more qualified candidates will accept work elsewhere and you will need to offer a less qualified candidate for the job. This is when nontraditional strategies can be an important tool for HR. For example, one person may be willing to accept the lower wage because the job provides a company vehicle, while another may do so for the ability to work remotely. Everyone will likely value one perk over another, so it is important for HR professionals to know in advance what their companies can offer in order to ensure the best people can join the team.
In this Discussion, you will examine various compensation strategies that companies offer and identify a nontraditional compensation method in order to demonstrate its appeal and value.
Post a 225- to 300-word (3- to 4-paragraph) application of a nontraditional compensation method for a diverse workforce. In your application, address the following:
What is the “outside the box” or nontraditional 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.
Reference Websites:
https://hrdailyadvisor.blr.com/2018/07/12/compensation-key-attracting-retaining-top-talent/
https://www.tlnt.com/11-non-traditional-ways-to-reward-innovative-employees/
Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteDemy. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.