Compensation Plan
Write a six to eight (6-8) 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.
Answer preview
The company that I choose for this discussion is Google. Google is a company in which most people aspire to work for because of the benefits that are awarded to the employee. Compensation is one of the most important aspects of human resource management of any organization same case applies to Google. Compensation is divided into four categories, that is, variable pay benefits; equity-based pay as well as an increase in salary…
(1700 words)