Compensation and Benefits Strategies Recommendations
Develop some compensation and benefit recommendations for the client. Don't forget tc check the Client Communications link to see a communications with the client regarding t issue. In your recommendation, make sure you do the following:
• Conduct a market evaluation by researching what companies in the relevant market are providing to employees from a total compensation perspective.
• Recommend a compensation structure.
• Recommend the position in the market.
• Create a total compensation and benefits strategy.
• Consider the use of performance incentives and merit pay to recognize and engage employees.
• Identify laws related to the benefits and pay program.