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Prepare a compensation plan

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Reference no: EM133177335

You may recall the owner and CEO came to you for help a couple of weeks ago in recruiting for the accounting position. It looks like they have decided on a candidate, and they want to make an offer. However, they aren't sure what to pay this person. They don't want to spend too much, but they also don't want to lose this candidate either. Additionally, they are thinking about how fast they are growing. So perhaps now is an excellent time to develop a compensation strategy - it's all over their social media feed and inbox from SHRM, World at Work, and other advertisements these days.

Your job is to prepare a compensation plan and present it to the Owner/CEO:

The Assignment: Prepare a direct compensation plan based on the videos (or other resources of your choosing) for the company

Be specific - outline a step-by-step process.

Provide examples. For instance, give examples of how you display it if your last step in the plan is to communicate it (hint: it is the previous step).

Ensure you provide the HOW and the WHY for your plan. The Owner/CEO tends to ask many questions; after all, it is their business, and every decision affects their pocket.

Reference no: EM133177335

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