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Developing a Compensation Plan
Develop a compensation plan. Upper management has asked you to suggest a new compensation plan specifically for your team. Propose your ideas and rationale to the Human Resource Department Manager for approval.
Write a 700- to 1,050-word proposal
o Describing a new compensation plan for your new employment teamo Explaining why your pay system will worko Describing three components of a total rewards package that would motivate employees to reach peak performanceo Describing your compensation plan's benefits to the individual as well to the companyo You must include and cite a minimum of two references in APA format.
Prepare two strategic objectives for each of the four quadrants of the Balanced Scorecard and Shareholder Value or Financial Perspective, includes strategic objectives in areas such as Market share
Does your organization have a pay-for-performance system and If so, describe how it works. If your organization does not, explain the type of plan they do have and whether or not you think they should have a pay-for-performance plan.
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Evaluate data related to Tanglewood's historical recruiting methods to determine the effectiveness for each method. Use the data in your responses.
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