Explain the importance of the compensation strategy aligning

In 2000 words and Scholarly references, use the outline below to develop a research paper. Use In text citations and place in Ace homework tutors – APA 6th edition format. All of the question in Red need to be answered in clear and sufficient details.

I. Types of Compensation

A. Direct Compensation

1. Define – Define Direct Compensation

2. Importance of Direct Compensation – Explain the importance of Direct compensation to a professional organization

3. Examples – Provide 2 relevant example of Direct compensation

B. Indirect Compensation

1. Define – define Indirect Compensation

2. Importance of Indirect Compensation – Explain the importance of indirect compensation to a professional organization

3. Examples – Provide 2 relevant example of indirect compensation

C. Role of Compensation – Explain the role of Compensation to an organization. Ace my homework – Write my paper – Online assignment help tutors – Discuss the percentage of profit it consumes and how it affects behavior

1. Strategic Objectives – Ace my homework – Write my paper – Online assignment help tutors – Discuss how compensation contributes to the strategic objectives of the organization

2. Role for Organization – Provide an Example of the role of Compensation in a professional organization.

II. Internal Alignment

A. Effect on Organization – Explain the positive and negative effects of

1. Policies – Ace my homework – Write my paper – Online assignment help tutors – Discuss the importance of organizations policies to support the compensation strategy

2. Performance Evaluation – Explain how the performance evaluation contributes to the internal alignment. Provide an example

B. Buy/ Build Talent – Explain the Difference between Buying and Building Talent for an organization

1. Advantages – Ace my homework – Write my paper – Online assignment help tutors – Discuss 3 Advantages of Buying and Building Talent

2. Disadvantages – Ace my homework – Write my paper – Online assignment help tutors – Discuss 3 Disadvantages of Buying and Building Talent

III. Creating Compensation Strategy

A. Pay Model – Explain what a Compensation Pay Model is and provide 2 examples

1. Purpose – – Explain the purpose of the pay models

2. Objective – Ace my homework – Write my paper – Online assignment help tutors – Discuss the objective of the pay model

3. Techniques – Provide examples of how the pay model is implemented within an organization

B. Influencing Factors – What are 3 factors that will influence the Compensation Strategy of an organization

1. Align with Organization Vision – explain the importance of the compensation strategy aligning with the organization strategic vision

2. Balance – Outline how an organization creates balance with their compensation strategy

3. Competitive with market – Explain 2 market factors that are used to create a competitive pay strategy

C. Pay for Performance – Define and Explain Pay for performance

1. Strengths – Ace my homework – Write my paper – Online assignment help tutors – Discuss 3 strengths of pay for performance

2. Challenges – Ace my homework – Write my paper – Online assignment help tutors – Discuss 3 challenges of pay for performance

3. Ethics – Explain the ethics involved in pay for performance and give 1 recent example.