HRM 324 Week 5 Total Compensation Plan

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HRM 324 Week 5 Total Compensation Plan
HRM 324 Week 5 Total Compensation Plan
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HRM 324 Week 5 Total Compensation Plan

Design a no more than 4.5 page total compensation plan for an imaginary competitor of Amazon, Home Depot, Starbucks, FedEx Corporation, or Bristol-Myers Squibb.

Address the following details in your plan:

  • How your plan supports key objectives

  • An evaluation of current trends and issues in total compensation and a prediction of future trends

  • Internal and external equity

  • A wage management process and rationale

  • A retirement plan and how participation will be driven

  • The influence of the organization’s financial condition on the total compensation plan

  • How your plan will be communicated to leadership and employees

Draw conclusions based upon Assigned Learning Activity Readings in eCampus, Martocchio, J. (2017). Strategic compensation: A human resource management approach (9th ed.). Upper Saddle River, NJ: Pearson, personal experience, and data collected from organizations.

Integrate and apply readings, Martocchio, J. (2017). Strategic compensation: A human resource management approach (9th ed.). Upper Saddle River, NJ: Pearson.throughout paper. Summarize and cite information using your own words. Direct quotations should be avoided.

Research should be summarized and synthesized using your own words; be certain to cite sources of knowledge.

Compare your paper with Guide for Written Assignments attached to assignment.

Format your paper consistent with APA 6th Edition guidelines. APA sample is attached to assignment.

Click on the Assignment Files tab to submit your paper.