Final Project: Milestone 4southern New Hampshire Universityo

Final Project: Milestone 4Southern New Hampshire UniversityOL-211-J1964 Human Resources Management 22EW1 01:50:10 GMT -05:00Maersk’s Care Business Partner job posting states, “We offer a competitive salary and benefits package, such as health insurance, dental and vision insurance, a 401K savings plan with an employer match, and paid time off.” Maersk’s philosophy is that they must offer a wage that other organizations provide with similar job descriptions to stay competitive. Since they are saying they are offering a competitive salary, they must have done a wage and salary survey of other organizations with similar job descriptions. It is the wage and salary survey that allows an organization to sustain external equity and pay its employees’ wages equivalent to the salaries similar to employees earn in other businesses. (Snell, Morris, Bohlander. 2016. Chapter 9)If organizations do not do wage and salary surveys, they risk losing current employees if they are under the market value. If they attempt to hire new employees and do not do a salary and wage survey, they are faced with the possibility of either offering too little and, in turn, may not get many applicants or those not qualified. Without the survey, they also risk offering