Developing a Compensation Plan
Develop a compensation plan. Upper management has asked you to suggest a new compensation plan specifically for your team. Propose your ideas and rationale to the Human Resource Department Manager for approval.
Write a 700- to 1,050-word proposal
o Describing a new compensation plan for your new employment team
o Explaining why your pay system will work
o Describing three components of a total rewards package that would motivate employees to reach peak performance
o Describing your compensation plan's benefits to the individual as well to the company
o You must include and cite a minimum of two references in APA format.