All disposals have a allowance plan in which to return the employee to generate productivity. Compensation plans need to be tied(p) to an organizations strategic mission and should take their precaution from that mission (2009). They must(prenominal) support the general business strategy, for example, innovation, personify leadership (2009). The new compensation plan for my team with the embarkation of a new strategic plan of InterClean focus more on attracting and retaining productive and potential employees. Compensation will be determined considering the organizations bud arrive and most importantly the required performance and productivity to get hold of organisational goals. fetching an approach like this will align the interests of managers and employees (2009). I cogitate the development of a compensation plan which will gain together with the benefits plan is a significant aspect to attract, get into and retain the most effective and productive employees. In addition, achieving the organizational objective to provide flexible and competitive compensation and benefits weapons platform is one of the focal point in order to satisfy and attract potential and existing employees of InterClean.
New Compensation political platform and Why Pay System Will Work
The new compensation plan is designed to be fair, flexible, competitive, and performance based. Key elements of the curriculum include: (1) salary, (2) retirement (pension plan/401k), (3) flexible benefits, and (4) performance compensation. The organization (InterClean) will regularly review the plan to ensure that it cadaver competitive in which to encourage employee productivity of exceptional performance. To strategically define and establish the new compensation plan, the organization must perform the following: a) identify compensation as a key motivation method that can be use by management or high level positioned employees to achieve business objectives with the flexibility or consideration of employee needs, b) the...If you want to get a full essay, order it on our website: Orderessay
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