Effective Compensation Plans

Effective Compensation Plans In this assignment, you will need determine the components of an effective compensation plan, one that includes more than just base salary. Research the components of an effective compensation plan. Determine the most beneficial ratio of internally consistent and market consistent compensation systems. Be sure your narrative is in your own words. Research the methods companies use to assess employee satisfaction with their pay structure. Outline how companies determine whether their employer-sponsored retirement plans and health insurance programs are competitive. Recommend two high value discretionary benefits to employees. Be sure to include your rationale for selecting these high value discretionary benefits as opposed to others. Integrate at least three quality resources using in-text citations and a reference page in your assignment.

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