Compensation Plan Outline

Evaluate the existing compensation plan to determine if it is the most appropriate for your company. Explain your rationale. Determine the most beneficial ratio of internally consistent and market consistent compensation systems for the company you selected. Evaluate the current pay structure used by your company and assess the recognition of employee contributions. Make three (3) recommendations for improving the effectiveness of the discretionary benefits provided by the company you selected. 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