Supplemental Short-Term/Long-Term Incentives Plan

Supplemental Short-Term/Long-Term Incentives Plan

Compensation, Benefits, Reward ,Recognition Plan for V.P. Operations

This is a team assignment and the one in bold with the smiley face is mine…..I need it to be approx. 150 to 200 words

ResourcesBlossoms Up! Case Study and Measure Compensation’s Impact

Part of Smith’s idea for Blossoms Up! strategic organizational objectives is the creation and hiring of a Vice-President of Operations. The position will oversee the company’s transformation to a high-technology entity in all phases of the business. Based on the job description completed in Week 1 and considering other factors that should be included in total rewards for this position complete the following

Intro/Conclusion, Editing, and Posting – Allison

Design an executive compensation package for this position linked to this strategic organizational objective.

Include the four general components of executive compensation:

  • Base range salary:
  • Standard employee benefit plans
  • Supplemental short- and/or long-term incentive compensation plans ?
  • Perquisites

Answer preview

Short-term incentives are the annual rewards that Blossom Up Company will compensate the executives for attaining the company’s short-term goals. The company will offer a yearly salary of $190,000 to the vice president of operations, and this salary will be reviewed everyone a half year based on the performance achievements. The company will also offer a discretionary bonus for meeting tight deadlines of the floral orders since the management understands how much output is needed in such circumstances. On the other hand, the company’s long-term incentives plan will depend on the sustained performance…

 

(200 words)

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