“Compensation and Benefits” Please respond to the following:
- During the economic downturn that started in 2008, many companies cut employee benefits and compensation as a measure in preventing layoffs. As companies regain their financial stamina, assess which benefits and compensation should be the first to be returned to employees, and how they should be reinstated. Support your response with evidence or examples.
- From the e-Activity, assess how a company can create a benefits package that appeals to a diverse workforce. Make at least two recommendations for benefits that appeal to all three generations of workers ─ Generation X, Generation Y, and Millennials.