Description
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: I attached business proposal format
- 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 (Links to an external site.) and Surprising, Disturbing Facts From the Mother of All Employee Engagement Surveys (Links to an external site.) for some ideas).
Your business proposal must be formatted according to APA style as outlined. 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 Youssef-Morgan, C. M., & Stark. E. (2014). Strategic human resource management: Concepts, controversies, and evidence-based applications [Electronic version]. Retrieved from https:// and at least four other scholarly sources
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Attached.
Running head: COMPENSATION AND BENEFITS PLAN
COMPENSATION AND BENEFITS PLAN
Student’s Name
Institution
COMPENSATION AND BENEFITS PLAN
1
Compensation and Benefits Plan
Introduction
Companies and organizations have developed easy of hiring employees that best suit the
positions vacant in the workplace. However, the task after the hiring process is how to retain
them and become more productive. Besides employees acquiring a job, there are needs that must
be met by the employers to guarantee a long-term service from the recruited staff. Some of the
vital considerations of employees is the manner of offering compensation and benefits (Morgan,
& Stark. 2014). A well stipulated compensation and benefits plan must include the offer of other
basic utilities such as meals at work, free transport arranged by the company/organization, and an
issue of vouchers during special occasions and public holidays to enable the staff enjoy feel the
part they play within the organization.
Background of Organization
Minerals Co. Ltd is an organization that was established to help people in extracting
underground resources. The working conditions of the employees are always at risk due to the
uncertain reactions or possible explosions during the extraction process. Due to the hash working
conditions, the company decided to offer incentives to worker incentives to workers that include
meals provided by the company, transportation and medical insurance covers paid by the
company. D...