HRM/324 HRM324 HRM 324 WEEK 5 Total Compensation Plan

HRM 324 WEEK 5 Total Compensation Plan

Total Compensation Plan

Design a 525- to 700-word total compensation plan (written in the third person voice) for an imaginary competitor of Amazon, Home Depot, Starbucks, FedEx Corporation, or Bristol-Myers Squibb.

Address the following details in your plan:

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.

Cite all sources according to APA formatting guidelines.

 

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