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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:
- 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).
Explanation & Answer
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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
Microsoft...
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