Answer all 3 questions:
- Thoroughly explain how various compensation and benefits elements help in recruiting, motivating and retaining employees.
- Fully describe the concepts of internal pay equity and external pay competitiveness in compensation and benefits practice, and their impact on company culture. (Consider, executive compensation, internal wage gap issues, market pay trends, etc.)
- Discuss additional elements important to a rewarding work environment and employee satisfaction, such as recognition, flexibility, and empowerment. (Consider employee engagement, recognition and rewards, employee development, employee well-being, and DEI efforts.)
CITE ALL SOURCES.