Compensation Plan

Compensation Plan

Purpose
: The purpose of this assignment is for you to practice creating a compensation
plan for your employees.

Format
: This statement must be typed, Times New Roman 12-point font, single-
spaced. The approximate length should be about 1 page. Please include your
name.

Grading
:
Grading is based on the quality of the submission. A high-quality submission
is one in which you provide a thoughtful and comprehensive compensation plan
and includes the main points listed below. Points will be deducted for
spelling/grammatical errors, or incorrect formatting.
Instructions
: Assume you are a general manager of a new hospitality operation that is
opening next year (hotel, restaurant, golf course, cruise ship, event planning company,
etc.–your pick). Your executive team has tasked you with determining the compensation
package for the employees, including wages/salary and other benefits (i.e., health
insurance, perks, etc).
Create a compensation plan that includes the following information:

What steps do you need to take to ensure you are in compliance with federal, state, and
local laws regarding compensation?

How will you determine a competitive wage/salary to offer your employees (i.e., what
information or data will you use).

What other benefits will you offer (i.e., health insurance, perks, commissions, etc.)? Be
specific. For example, will you offer health insurance coverage for all employees
(full-time and part-time), for the employee only, or also for their
families/dependents, will the employees share the costs or will the company pay
full cost?

Why will you offer those specific benefits? For information on Compensation Plan check on this: https://en.wikipedia.org/wiki/Open_compensation_plan

What Is Ethical Judgment?

Get 20% Discount on This Paper
Pages (550 words)
Approximate price: -

Try it now!

Get 20% Discount on This Paper

We'll send you the first draft for approval by at
Total price:
$0.00

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

Australia Assessments has gained an international reputation of being the leading website in custom assignment writing services. Once you give us the instructions of your paper through the order form, we will complete the rest.

Essays

Essay Writing Services

As we work towards providing the best custom assignment services, our company provides assignment services for any type of academic essay. We will help you develop professionally written essays that are rich in content and free from plagiarism.

Admissions

Admission and Business Papers

Our skilled team of professional writers will ensure that we help you craft a remarkable admission essay for your desired Master's program in your institution of choice. We won't stop there. Once you enter the job market, we will be available to secure you a position at your desired worksite by creating an outstanding portfolio or resume.

Editing

Editing and Proofreading

Our editorial team is always available for all editing and proofreading services. They check completed papers by our writers and also provide professional opinions to papers completed by our clients.

Coursework

Technical papers

We harbor professional academic writers with different qualifications in diverse academic fields. As such, we are capable of handling both simple and technical papers. Ensure that you provide us with correct and complete instructions in the order form.