Posted: September 13th, 2017

Compensation and Benefits

Compensation and Benefits

Project

Compensation and Benefits:

Based on the assignment that you wrote, now you have an idea about the compensation systems that some campiness are using. In this project, you need to enhance this compensation system by addressing the following issues in more detail:

1- How you will use the traditional bases of compensation (for example: Seniority and Merit in Chapter 3). Show how the compensation will change in the company as a scheme (or graph) with job seniority, and another scheme for compensation change with merit.

2- What kind of measurements you can consider to improve the “Incentive Pay” for the company (see Chapter 4 and Chapter 10).

3- How you will implement “Person-focused Pay” (see Chapter 5a).

4- How you will build and compensation system that is consistent across the whole company (see Chapter 6).

5- How you will ensure that the compensation system is market-competitive, so you can attract more qualified people to you company and maintain people from leaving your company (see Chapter 7).

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