Compensation Plan

Select a company for which you would like to work and determine the necessary components of an attractive compensation plan.Note: You may use the same company you selected for your

Describe (briefly) your “dream job” with the selected company.
Create a rewards and compensation package for this position that would attract skilled workers and control costs.
Create a benefits package for this position that is competitive and advantageous to the company.
Speculate on how the negotiating and collective bargaining of this position would contribute to the company’s talent management strategy for retaining high performing employees, including your rationale.

Compensation Plan

 

Research the total compensation plan for the company you have chosen for your final project. Very briefly describe the elements they use to reward their employees (base pay, bonuses, time off, daycare, flex time, benefits, etc). Is their approach the best that it could be? If you were leading the company, what would you do to ensure their approach to motivating employees was fair and equitable? Is your approach financially feasible? Would you choose to be 100% transparent in your approach? Why or why not?