Read this week’s journal article.
The article outlines the impacts of COVID-19 on compensation and benefit plans. Some actions Human Resources leaders are implementing are salary deductions, reduction in hours, elimination of performance-based pay awards and changes in retirement plans. After reviewing the article and thinking of the changes that may have occurred to your own compensation and benefits due to COVID-19 – if you were the leader of the Human Resources what actions might you recommend to reduce cost while retaining employees?
- Your initial post (approximately 200-250 words) should address each question in the discussion directions and is due by 11:59 PM Central Time on Friday.
- Your two response posts (approximately 125-150 words each) are due by 11:59 PM Central Time on Tuesday.
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Goodwin Law. (2020, April 8). Top 10 Compensation and Benefits Issues for Employers in Light of the COVID-19 Pandemic. https://www.goodwinlaw.com/publications/2020/04/04_08-top-10-compensation-and-benefits-issues
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