Evaluate the existing compensation plan

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Reference no: EM132235522

Write a six to eight (5) page paper in which you:

Company - Amazon

1. Evaluate the existing compensation plan to determine if it is the most appropriate for Amazon. Explain your rationale.

2. Determine the most beneficial ratio of internally consistent and market consistent compensation systems for the company you selected.

3. Evaluate the current pay structure used by your company and assess the recognition of employee contributions.

4. Make two (1) recommendations for improving the effectiveness of the discretionary benefits provided by the company you selected.

5. Evaluate the types of employer-sponsored retirement plans and health insurance programs provided by the company you selected and compare them to that company's major competitors.

- Evaluate the effectiveness of traditional bases for pay (seniority and merit) against incentive-based and person-focused compensation approaches.

- Compare and contrast internally consistent and market-competitive compensation systems.

- Evaluate the role of benefits in strategic compensation.

Verified Expert

The HR team at Amazon needs to review the performance in a given market environment; they could even determine gaps associated with these different HR practices and accordingly achieve the desired HR objectives of the organization. However, the senior management also needs to review these compensation plans and other salary system at Amazon and measure the overall performance; they can thereby suggest recommendations for future improvement in a given working environment. Your assignment is completed and submitted. Kindly check and confirm. Thank you.

Reference no: EM132235522

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