Performance and Compensation

About 900 words, APA format 

Develop a compensation plan for an organization that promotes both  internal and external pay equity. 

Additional Incentive Programs

There are many types of monetary compensation not tied directly to  salary or hourly pay. 

 • Explain the difference between regular pay (for normal work hours and  duties) and other forms of direct compensation, such as bonuses.

• How would you recommend that an organization blend the types of pay to  maximize employee motivation?  

Try searching for the words in the assignments, like: 

• Hourly pay

• Salary pay

• Direct compensation

• Indirect compensation (employee benefits)

• Bonus pay 

• Commissions

• Medial insurance

• retirement funds

• Motivation pay and company goals

• Incentives and incentive plans 

• Merit pay 

• Merit increases

• Merit increases and salaries