Learning Team Total Compensation Plan


Resources: Assigned readings, Virtual Organization: Riordan Manufacturing, ERRs, the Internet, and other resources

Create a 1,200 – to 1,500 -word total compensation plan for Riordan Manufacturing. Your plan should address the following details:

·         How your plan supports key objectives

·         An evaluation of current trends and issues in total compensation and a prediction of future trends

·         Internal and external equity

·         A wage management process and rationale

·         A retirement plan and how participation will be driven

·         The influence of the organization’s financial condition on the total compensation plan

·         How your plan will be communicated to leadership and employees

Format your paper consistent with APA guidelines.

HRM 324 Week 5 Learning Team Total Compensation Plan