Compensation Plan Outline Use the same company you

Compensation Plan Outline Use the same company you researched in assignment 1, evaluate the companies compensation plan to determine how it could be improved. 1. Evaluate the existing compensation plan to determine if it is the most appropriate for your company. Explain your rational. 2. Determine the most beneficial ratio of internally consistent and market consistent compensations systems for the company you selected. 3. Evaluate the current pay structure used by your company and assess the recognition of employee contributions.
Second part. 4. Make two (2) recommendations for improving the effectiveness of the discretionary benefits provided by the company you selected. 5. Evaluate the types of employer-sponsored retirement plans and health ins programs provided by the company you selected and compare them to that company's major competitors.

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