University of Maryland Compensation Plans Discussion

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Business Finance

University of Maryland University College

Description

Discuss some of the problems that companies are likely to face when designing compensation plans that include both contingent workers and core employees. Does it matter whether contingent workers and core employees are performing the same jobs? Explain your answer.


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Explanation & Answer

Attached.

Running head: COMPENSATION PLAN

1

Compensation Plan
Institution Affiliation
Date

COMPENSATION PLAN

2

Compensation plans play a vital role in an organization since it enhances employee
performance and retention. However, there challenge companies face when developing
compensation plans which will cater to not only contingent workers but also core employees.
One of the challenges being the type of benefits or allowances to include in their compensation
plans. Considering that the company hires c...


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