compensation

RUNNING HEAD: UNIT 4 IP Title

Unit 4 IP

Don’t forget that your submissions should be at least 4 pages in length and APA formatted. All instructional notes have been highlighted in yellow and should be deleted prior to submission.

Cover Letter

SENDER'S ADDRESS

DATE

RECIPIENT ADDRESS

SALUTATION

BODY OF THE LETTER

This letter should be 1 page in length

It should be addressed to your supervisor

It should outline what you propose to offer (Hint: The offer are the major aspects of the compensation package, incentive plan, and benefits plan.)

It should explain and justify the compensation package, incentive plan, and benefits plan. This means that you are outlining the plan and also explaining how you arrived at the decision.

CLOSING,

SENDERS NAME

Compensation Package

This portion of the submission will include the pay rate will you offer (using salary survey research as support). Include any additional relevant information that is provided in a compensation package.

Incentive Package

For this portion of the submission you should discuss what performance-based incentives the offer includes. Be sure to do your research on the industry standards. Be detailed and be sure that you are providing supporting details that explain the incentives offered.

It is ok to use outside research to supplement your learning materials.

Benefits Plan

Discuss the specific benefit plans that is being included in the offer. Be detailed and be sure that you are providing supporting details that explain the benefits offered.

Outside research should be conducted to ensure that you are offering a competitive package.

Reference Page

Your reference page should list all your sources of information and it should be APA formatted.