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Management
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American InterContinental University
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Student’s Name Institutional Affiliation Professor’s Name Course Date • A r t i c u l a t e T h e O v e r a l l S t r a t e g y. ➢ The payment structure is based on the Martocchio five-step system ➢ These five procedures define the number of pay structures, the market pay line, the pay grades, and the pay ranges for each post ➢ People-based pay should be replaced by a more flexible system of skill-based pay. ➢ CapraTek offers skill-based and pay-for-knowledge programs I d e n t i f y L e g a l l y R e q u i r e d B e n e f i t s I n Yo u r P l a n . ➢The compensation plan ensures the company stays competitive in the industry ➢This ensures pay is above the legal minimum wage ➢There are social security contributions, workers' compensation insurance, and medical leave 3 Identify Discretionary Benefits • Medical insurance. • 401(k) plans, 4 • 403(b) plans, • Stock options • profit-sharing Retirement benefits. • Wellness benefits such as reimbursement for gym memberships P R E S E N T A T I O N T I T L E Argue Whether This Is A Good Return On Investment. ➢The approach can be termed a good investment 2 1 , 2 0 X X ➢The investment will increase the employee retention rate, which will help the company to save M A Y ➢The evaluations are based on the impact on employees' behavior and retention 5 Ta c t i c a l S t e p s ➢ Martocchio's Five-Step Methodology ➢ Deciding on the number of payment schemes. ➢ Getting ...
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