Crafting a Compensation and Benefits Plan
Now that you have considered how to recruit and retain the employees you want in your organization, create a compensation and benefits package using this business proposal format. The package must be consistent with the objectives of job satisfaction for the valuable employees in an organization of your design.
The compensation package must include the following:
- Compare and contrast salary and benefit packages of at least three comparable organizations in the same industry.
- Examine what 21st-century employees consider to be benefits (see this week’s recommended readings for a start).
- Consider what helps to keep employees engaged in their work (see State of the American workplace: Employee engagement for U.S. business leaders andSurprising, Disturbing Facts From the Mother of All Employee Engagement Surveys for some ideas).
Your business proposal must be formatted according to APA style as outlined in the Ashford Writing Center. The proposal must be between three to five pages in length (not including the title and references pages) and must include citations and references for at least five sources (including the text and at least four other scholarly sources, one of which must be from the Ashford University Library).
Outline (Business Proposal Format)
That is what the business proposal format is like
Solution PreviewCompensation is a term used to explain the integration of wages, welfare, and salaries received by workers for the work they have done. Compensation may comprise of hourly wages or yearly salaries with bonuses, incentives and welfare like healthcare insurance and retirement…………………………