Compensation Plan Outline

• Compensation Plan Outline

  Using the same company you
  researched in Assignment 1, evaluate the company’s compensation plan to
  determine how it could be improved.

  Write a six 6 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 (2) 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 (3) quality references. Note: Wikipedia and other
    Websites do not qualify as academic resources.

  Your assignment must
  follow these formatting requirements:

  • Be typed, double spaced, using Times New Roman font (size 12), with one-inch
    margins on all sides; references must follow APA or school-specific format.
    Check with your professor for any additional instructions.

  • Include a cover page containing the title of the assignment, the student’s
    name, the professor’s name, the course title, and the date. The cover page and
    the reference page are not included in the required page length.

bus409_ass1.docx