Holland Enterprises: Compensation & Benefits Management

BUS434: Compensation & Benefits Management (BWO1312A

HOLLAND ENTERPRISES: COMPENSATION & BENEFITS

With the changing economy it is important that Holland Enterprises improves their benefits and compensation plans for their employees. Holland Enterprises employs 3,500 employees, but since 2007 has lost 25% of its staff. Exit interviews indicate the primary reason a majority of these employees have resigned is because of a compensation and benefit system that is perceived to be unfair and uncompetitive in the marketplace. The reason why an analysis must be done is to attract and to retain employees. This paper will include the current status of Holland Enterprises benefit programs that will include compensation and benefit...