Crafting a Compensation and Benefits Plan
Now that you have considered how to recruit and retain the employees you want in your organization, create a compensation and benefits package using this business proposal format. The package must be consistent with the objectives of job satisfaction for the valuable employees in an organization of your design.
The compensation package must include the following:
- Compare and contrast salary and benefit packages of at least three comparable organizations in the same industry.
- Examine what 21st-century employees consider to be benefits (see this week’s recommended readings for a start).
- Consider what helps to keep employees engaged in their work (see State of the American workplace: Employee engagement for U.S. business leaders and Surprising, Disturbing Facts From the Mother of All Employee Engagement Surveys for some ideas).
Your business proposal must be formatted according to APA style. The proposal must be between three to five pages in length (not including the title and references pages) and must include citations and references for at least five sources (including the text and at least four other scholarly sources
Business proposal format:
Assignment 4 Outline – Please remember to format in accordance with APA, 6th edition guidelines.
The words in bold are suggested APA headings.
(Short, clear and concise with strong thesis statement)
Background of Organization
(Short info on the company you “created”)
Compare/Contrast of Industry
(Suggested to include at least 3 companies and use table format in this section)
(Read articles in directions and discuss what keeps employees engaged. Keep the engagements in mind when you create your proposal below.)
Proposal for Benefits
(Suggested to bullet point ideas, with a paragraph or two of justification using theories, such as Herzberg, as support)