DISCUSSION QUESTIONS

Discussion Questions

COMPENSATION Week 2

The term talent management means the anticipation for the need of the human capital that is required by the organization most of the time is met after the organization has set their plan for fulfilling this need. It is a process in which a intentional and a purposeful approach is adopted in order to not only attract but also to develop and retain those people who have the abilities to meet all the organizational needs either they have occurred currently or will occur in the future. Talent management refers to the involvement of individual as well as organizational development that is in response to the complex and continuous change to the operating environment. This includes the maintenance and creation of a people oriented culture within an organization that is also supportive in nature.

The reason for the companies to mainly focus upon the attracting and retaining of the best talent at all there levels within the organization is to increase the performance and productivity of their business operations. This could be only achieved if the required human resource that is hired by the organization not only supports them but also makes sure that after gaining some experience within the organization, their recruited talent may not switch to some other organization that could create a huge gap on temporary basis that could affect the business operations. Therefore, when talking about implementing a talent management system in my company, I would prefer to implement such talent management system in which I could not only train and develop the selected candidates for my organizational work but could also secure their future within the organization so that they would feel comfortable in staying with my organization instead of thinking to switch to any other organization.

COMPENSATION Week 3

The first thing that is to be considered is the financial performance of the company that is newly acquired. After going through the financial statements, a much clear picture will be visible that either the current sales compensation plan could be revived or not. suppose after reviewing the financial statements, it has come to know that company has to potential to generate more revenue then in such case, a new sales compensation plan should be devised in which it would be better to start with formulating a proper well defined sales strategy that would help the business to identify its actual goal that is to be achieved. A benchmark should also be devised for every sales force that will help in the evaluation of their performances. Another important part while making a new sales compensation plan is to devise the payout formula. This is the most essential part within the sales compensation plan that highlights that what's in it for the sales team to achieve certain targets. Last but not the least, a support or governance system will also be established that will help in resolving those conflicts that might arise during the implementation of sales compensation ...