Provide a descriptive outline of your final compensation plan utilizing the following points as part of your total compensation plan:
Introduction of the company, its mission statement, organization type, industry and competitors.
The Pay Model. For guidance, review The Pay Model Chapter.
Job Evaluation Methods. For guidance, review the Job-Based Structures and Job Evaluation Chapter.
Job Based or Person Based Structures. For guidance, review the Person-Based Structures Chapter.
Organizational Pay Levels. For guidance, review the Designing Pay Levels, Mix, and Pay Structures Chapter.
Motivation Theories. For guidance, review the Pay-for-Performance: The Evidence Chapter.
Individual or Group Based Performance Plans. For guidance, review the Pay-for-Performance Plans Chapter.
Benefit Options. For guidance, review the Benefits Options Chapter.
Federal Laws and/or Regulations. For guidance, review the Government and Legal Issues in Compensation Chapter.
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