Compensation Practice
BUS 409
Cheryl Smith
July 26, 2015
Professor Stacey Flood

Briefly describe the company you researched, its compensation strategy, best practices they are applying and compensation-related challenges they are facing?
For my paper I choose to use Ford Motor Company this is a Company that is based in Dearborn, Michigan. They are the second largest industrial corporation in the world, with revenues of more than 144 billion and about 370,000 employees. Ford Motor Company conducts Operations that are expanded to 200 countries. Although Ford obtains significant revenues and profits from its financial services subsidiaries, the company’s core business remains in the design and manufacture of automobiles for sale on the consumer market. Since Henry Ford, the founder of Ford Motor Company, incorporated in 1903, the company has produced over 260 million vehicles with very high customer satisfaction ratings some of with are the best in the market (www.ford.com).
In the last couple of years some of the companies have been dealing with some of the most difficult economical climates as the world’s economy continues to change rapidly. This continues to demand increases in the charges of compensation benefits packages. This has pushed them into taking preventive measures to ensure their compensation policies and Business strategies flow together failure can result in losing valuable employees. If you look at the growing improvements in the economy and the Businesses the biggest issue that needs to be delt with is the ability to effectively install the policies retribution. In order to keep the interest of the employees in there Company one must ensure that they always determine the best policies regarding compensation as this is what can drive an employee out of there company (Miranda, 2010).
For this paper we will analyze their compensation management and