HRM531 HRM/531Career Development Plan IV – Compensation Week 5

1.    Individual Assignment:Career Development Plan IV – Compensation.

Now that you have created an appraisal system for employees on your new team and a career development plan for each member, it is time to develop a compensation plan. Because InterClean is embarking on a new strategic direction, upper management has asked you to suggest a new compensation plan specifically for your team. Propose your ideas and rationale to the Human Resource Department Manager for approval.

Write a 700- to 1,050-word proposal

o   Describing a new compensation plan for your new employment team

o   Explaining why your pay system will work

o   Describing three components of a total rewards package that would motivate employees to reach peak performance

o   Describing your compensation plan’s benefits to the individual as well to the company

Note: APA format is not required for this proposal. Use a title page and reference page where appropriate.

1.     Submitas a Microsoft Word® attachment.