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As per (Sanburn, 2011 ) “Microsoft, The information technology and software behemoth topped the institute’s list as the multinational corporation that keeps its employees the happiest”. As a human resource co – coordinator, I would look forward to a comprehensive compensation package which can attract skilled employees in the market. ( Thesis).
Working in Microsoft as a human resource co – coordinator would come with a large responsibility and obligation. I would be in charge of formulating policies and plans in a partial way and this needs much knowledge about human resource managerial principles. A human resource department has the entire responsibility of managing and rewarding the employees. Some of the core responsibilities of human resource department are to recruit, train, compensate and evaluate the employees on a long term basis. Any company needs a good compensation plan as employees need to be motivated to get the best out of them.
A compensation package has a key role to play in attracting the right worker to an organisation. Microsoft being a top most company in the world needs the best people in the job market. For this, the company needs to have a comprehensive and well planned compensation package. Creating a good compensation package means finding a balance. Employees in a new job look forward to the compensation package as they wanted to be rewarded well for their skill, knowledge and experience. Formulating a compensation package is not a simple as it needs to be competitive to attract best employees around. A compensation package should have adequate incentive to motive employees to perform at their best.
The compensation package includes basic salary, commission, incentives, bonus , medical insurance and other facilities. As per (Enterpreneur,2014 ) “Employers of choice provide a comprehensive employee benefits package to attract and retain employees. In addition to a competitive
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