Consider all of the information both internal and external an organization must consider when developing and planning an employee benefits plan. What information is the most important to this planning process? Which might be the least important consideration? Conduct research into this problem and cite your reasoning.
Minimum of 3 FULL pages of written content, double space all work, include a reference section APA format
Include at least three (3) supporting references or sources (NOT Wikipedia, unknown, or anonymous sources)© BrainMass Inc. brainmass.com October 17, 2018, 12:39 pm ad1c9bdddf
Different information required for designing employee benefits plan is given.
Designing a Compensation Package and Incentive and Benefits Plan
Question: James Richards has an electrical engineering degree from a United States' accredited university. Upon graduation he was offered, and he accepted, an entry-level engineering position at a firm in San Antonio, Texas. He has been gainfully employed with this firm for the last five years. Recently he interviewed with your firm which is located in Chicago, Illinois. You, working for the human resources department, want to employ James. Working in conjunction with your supervisor you are drafting three items; (1) a compensation package, (2) an incentive plan, and (3) a benefits plan in order to successfully employ James Richards with your organization.
Using the Internet and Library, locate all necessary information for constructing these three packages. This will include designing plans that are specific to James and this situation, including the pay rate that will be offered, and the specific benefit and incentive plans this offer will include. Along with these packages you will include a one page cover letter that outlines what you propose to offer. The cover letter should be addressed to your supervisor and should explain and justify the compensation package, incentive plan, and benefits plan. Your detailed plans will then follow that cover page.View Full Posting Details