Compensation and Benefits Strategies Recommendations Paper
For this task, I need you to work with a team. You will only be able to work with one client, though, so everyone in your team must agree on which client to work with.
I need you to develop some compensation and benefit recommendations for the client. Don’t forget to check the Client Communications link to see a copy of my communications with the client regarding this issue. In your recommendation, make sure you do the following:
- Conduct a market evaluation by researching what companies in the relevant market are providing to employees from a total compensation perspective.
- Recommend a compensation structure.
- Recommend the position in the market.
- Create a total compensation and benefits strategy.
- Consider the use of performance incentives and merit pay to recognize and engage employees.
- Identify laws related to the benefits and pay program.
Your recommendation should be no more than 1,750 words. Please have this to me by the end of the week.