Crafting a Compensation and Benefits Plan


Question Description

Now that you have considered how to recruit and retain the employees you want in FINANCE FOR PERSONAL LOANS AND CARS, 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:

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).

Tutor Answer

School: UT Austin


Compensation and benefits plan
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In the modern day, compensation benefits are critical contemplations for both business
owners and workers. Any company that needs to draw in the very talented and skilled personnel
understands that salaries must be paid as well as any provide any other benefits that are
equivalent to the effort the worker employs (Fiss, 2001). Organizations which need to have the
best for themselves are prepared to pay considerably higher than the normal pay in the business.
Also, various benefits and perks are added to make the occupation alluring. These patterns are
unmistakably clear, particularly in the Information innovation industry. The information
technology players have the best compensation plans in the business for their workers.
After a seemingly endless amount of time, Google has remained the leader in this regard.
On the off chance that an IT professional needs a huge paycheck, Google are the best choice for
him. Google Engineers earn a basic salary of $128,000, trailed by Facebook at $120,000 and

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