I DO NOT NEED A FORMAL APA FORMAT, JUST THE DISCUSSION AND ANSWER. I HAVE PROVIDED FELLOW CLASSMATES REPLY TO ASSIST 1) Business Compensation Management DISCUSSION 1 Compensating Executives " Please respond to the following: · Analyze the components of executive compensation packages to determine which three components are the most essential to attracting exceptional talent. Provide your rationale. · From the first e-Activity, determine if current practices surrounding executive compensation should be changed. Provide either specific examples of what changes you believe are necessary, or a rationale for maintaining the status quo. Other replies EXAMPLE FROM DISCUSSION The three most essential components of executive compensation packages consist of core compensation, short-term incentives, and benefits. To attract exceptional talent businesses promote base pay and bonuses. Base pay is also known as salary a fixed rate of compensation and bonuses is pay based on performance. Short term incentives include profit sharing and gain sharing plans. Profit sharing plans are when the company shares a part of their profits with their employees and gain sharing is when the company. Benefits that includes Enhanced Protection Programs such as Life Insurance and Retirement Plans. Prerequisites benefits such as recreational facilities, travel perks, company car. All of these packages will attract more than exceptional employees because they show the employee that they are not only appreciated but that they have a say in where the company’s profits are going. From the first e-Activity, I believe that the pay is a little too high for executives unless they're also going to include the other forms of compensation such as bonuses, profit sharing, company car. Some executives make more money before lunch than others that put in much more time and hard work such as assistants to the executives. Good employees deserve good pay but compensation should also be based on performance, productivity, and work load. Just because an executive is higher up on the corporate ladder does not entitle a person to just receive a big pay check as some of the CEO’s of some the big banks that went out of business due to the fore cluster. Other replies EXAMPLE FROM DISCUSSION Analyze the components of executive compensation packages to determine which three components are the most essential to attracting exceptional talent. Provide your rationale. To attract exceptional talent the three components that are most essential are: base pay, stock options, and bonuses. Base pay which is the base rate an employee gets pay for their employment. Base is important as an executive because they know what they are worth and expect to get pay at a competitive rate. Stock options is the option a company gives the employee in this case an executive to buy stock in the company. This is a great benefit for executives because sometimes stock option awards can be larger th.