Assignment: Compensation Plan Outline
Using the same company, evaluate the company's compensation plan to determine how it could be improved.
Write a six to eight page paper in which you:
-Evaluate the existing compensation plan to determine if it is the most appropriate for your company. Explain your rationale.
-Determine the most beneficial ratio of internally consistent and market consistent compensations systems for the company you selected.
-Evaluate the current pay structure used by your company and assess the recognition of employee contributions.
-Make two recommendations for improving the effectiveness of the discretionary benefits provided by the company you selected.
-Evaluate the types of employer-sponsored retirement plans and health insurance programs provided by the company you selected and compare them to that company's major competitors.
-Use at least three quality references.