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Evaluate the current compensation philosophy for your organization or  an organization of your choosing (from a third-person perspective).  Write a three- page paper (not including the title and reference  pages). Your paper should be written in a scholarly third-person tone;  it should be in APA format. In addition to the introduction and  conclusion, your paper should address the following:

  1. Evaluate the organization’s current compensation philosophy and  propose ways to enhance or revamp the current compensation philosophy to  meet the changing needs of the organization and its employees. 
  2. Examine key factors within the internal and external environment  including the mission and strategic focus of the organization, as well  as the financial and cultural aspects of your organization (i.e., they  cannot have a compensation philosophy where they “lead” the market if  the organization does not have the financial resources) that should  influence this philosophy. The proposed philosophy itself should be no  more than a short paragraph. 
  3. Identify the key factors that should contribute to the  organization’s development based on your proposed organizational  philosophy.

Remember to write from a third-person perspective. Do not  include wording like “my company’s philosophy is …” Instead include  wording like “XYZ Company Name’s philosophy is …” Remember to write  about the company and the company’s philosophy; do not refer to you or  your connection to the company. 

In addition to the text, cite at least two scholarly references to support your discussion

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