Design a 525- to 700-word total compensation plan (written in the third person voice) for an imaginary competitor of Amazon, Home Depot, Starbucks, FedEx Corporation, or Bristol-Myers Squibb. Address the following details in your plan:
How your plan supports key objectives; internal and external equity
An evaluation of current trends and issues in total compensation and a prediction of future trends Internal and external equity
A wage management process and rationale
A retirement plan and how participation will be driven
The influence of the organization's financial condition on the total compensation plan
How your plan will be communicated to leadership and employees.