compensation plan outline - Apple

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Assignment 2: Compensation Plan Outline

Due Week 8 and worth 300 points

Using the same company you researched in Assignment 1, evaluate the company’s compensation plan to determine how it could be improved.

Write a six to eight (6-8) page paper in which you:

  1. Evaluate the existing compensation plan to determine if it is the most appropriate for your company. Explain your rationale.
  2. Determine the most beneficial ratio of internally consistent and market consistent compensation systems for the company you selected.
  3. Evaluate the current pay structure used by your company and assess the recognition of employee contributions.
  4. Make two (2) recommendations for improving the effectiveness of the discretionary benefits provided by the company you selected.
  5. Evaluate the types of employer-sponsored retirement plans and health insurance programs provided by the company you selected and compare them to that company’s major competitors.
  6. Use at least three (3) quality references. Note: Wikipedia and other websites do not qualify as academic resources.

Your assignment must follow these formatting requirements:

  • Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; references must follow APA or school-specific format. Check with your professor for any additional instructions.
  • Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required page length.

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Explanation & Answer

Attached.

Running head: THE APPLE INC COMPENSATION PLAN OUTLINE

The Apple Inc Compensation Plan Outline
Student’s Name

Professor name

Title

Date

1

THE APPLE INC COMPENSATION PLAN OUTLINE

2

The Apple Inc Compensation Plan Outline

Introduction

The Apple Inc company has been very successful particularly when it changed its
customer and business and focus by offering an (OS) operating system which was particularly
planned with (GUI) graphical user interface, still when the company has been passing
painstaking struggle in both hardware and also software selling. The company’s main marketing
strategies are the unique design, differentiation, own-store selling, brand loyalty, and complete
solution that as a result have aided the Apple Company to attain sustainable competitive gain and
construct its very own market with long-lasting productivity, (Kotzegger 2013). The Apple
Company has amazingly changed the current society, technology, and the globe at large and it
keeps on changing up to now. Digital composition machines and computers have for a long time
been assumed to be high-technology devices set aside for mathematicians, scientists,
professional musicians, and intellectuals but the Apple Inc, with its innovation and technology,
has transformed them into an important tool of everybody's day-to-day lives.

The current pay structure, the compensation plan, beneficial ratio and effectiveness
of the company

The Apple Incorporation company is one of the largest international organizations
presently and its marketing policy has enabled it to attain this great success. As a result, the
company has gained improved popularity and has attracted the immense attention of business
and academic experts. Companies use diverse plans on different occasions. A number of them
may end up being highly valuable while some may not be useless. As a result of several factors

THE APPLE INC COMPENSATION PLAN OUTLINE

3

such as firm competition between organizations, globalization, changing consumer trends and
advancement in technology, the business framework has become more and more complex. This
has necessitated companies to adopt effective plans to endure these complexities and challenges.
Apple's selling strategy has been consequently an efficient ideology for surviving competition
and further advertising challenges. The marketing mix generates raving fans that actually show
its success and in line for very many ho...


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