Crafting a Compensation & 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 a business proposal format) that is consistent with the objectives of job satisfaction for the valuable employees in an organization of your design.
Include the following:
- Salaries and benefits packages of comparable organizations in the same industry;
- What 21st Century employees consider to be benefits (see this week’s recommended readings for a start).
- 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).
Please see this outline of what should be included in your proposal.
Your business proposal must be formatted according to APA style as outlined in the Writing Center and it must include citations and references for the text and at least four scholarly sources, in which one must be from the University Library.