InterClean: Human Resource Career Development Compensation
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Individual Assignment: Career Development Plan IV-Compensation
Because InterClean is embarking on a new strategic direction, 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.
Review the Management Behavior assignment, completed Week One; the Career Development Plan Part I-Job Analysis and Selection assignment, completed Week Two; the Career Development Plan Part II-Development of a Training and Mentoring Program assignment, completed Week Three; and the Career Development Plan III-Performance and Career Management, completed Week Four.
Write a proposal that includes the following information:
o Describe a new compensation plan for your employment team.
o Explain why your pay system will work.
o Describe three components of a total rewards package that would motivate employees to reach peak performance.
o Describe your compensation plan's benefits to the individual as well as to the company.
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This posting gives you an in-depth insight into Human Resource Career Development Compensation Plan for InterClean
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o Describe a new compensation plan for your employment team.
The new compensation plan will consider the objectives of InterClean for recruitment and retaining personnel and then will consider external market data to find out what other similar employers are paying. InterClean will pay one point higher than the market data because it not only wants to retain but also attract high quality talent to the company. Next to establish internal equity within InterClean, it will conduct a thorough job analysis, job evaluation and job pricing. The current compensation plan of InterClean will be modified to make it performance based.
o Explain why your pay system will work.
InterClean's new pay system will work. There are several reasons for it. First, job analysis, job evaluation, and job pricing will ensure that there is ...
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