Answer 3-4 pages in 8 hours

3-4 pages

Develop a compensation and benefits package that you would like to be offered from your organization.

Write it in 3-4 pages

paper should have at least three (3) reputable sources.

Focus on these points –Most of the points should be covered from the particular topics

· Be able to explain the goals of a compensation plan.

· Be able to explain the internal and external considerations of compensation package development.

· Know how to develop a compensation philosophy.

· Explain types of job evaluation systems and their uses.

· Be able to define and discuss the types of pay systems and factors determining the type of pay system used.

· Know the laws relating to compensation.

· Explain the various types of benefits that can be offered to employees.

· Be able to create Key Performance Indicators.