Develop a Career Development Plan - Compensation
Because InterClean is embarking on a new strategic direction, 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.
Review the Management Behavior assignment, completed Week One; the Career Development Plan Part I-Job Analysis and Selection assignment, completed Week Two; the Career Development Plan Part II-Development of a Training and Mentoring Program assignment, completed Week Three; and the Career Development Plan III-Performance and Career Management, completed Week Four.
Write a proposal that includes the following information:
o Explain a new compensation plan for your employment team.
o Describe why your pay system will work.
o Explain three components of a total rewards package that would motivate employees to reach peak performance.
o Explain your compensation plan's benefits to the individual as well as to the company.