Discussion:
Compensation Plan
Develop a progressive yet competitive compensation plan that will support recruiting and retention efforts and lower the employee turnover rate. Traditionally, Motors and More has provided employees minimum wage and statutory bene?ts. The Compensation Plan should address the items below.
• How does Motors and More's employee compensation compare relative to other organizations in the area? Will the organization meet, lead, or lag the local market? Explain your rationale.
• Identify alternative pay methods and discuss the advantages and disadvantages of each.
• What bene?ts will you offer? Include statutory bene?ts. What are the costs of those bene?ts? What is the rationale for offering those bene?ts?
Develop a communications plan regarding how employees will be informed about the compensation plan. Define the sequence of communications considering the who, what, and when of the message
Attachment:- Business report.rar