Your consulting firm has been asked to develop a compensation and benefits plan for the entire organization, with specific attention to the new departments and positions. Your team must develop a human resource business plan addressing compensation and benefits. You will present this plan to the CEO, CFO, public relations & marketing director, human resource manager, corporate recruiters, and some senior vice-presidents.
The new and expanded departments are:
Define compensation and outline different types of compensation.
Determine what type of compensation systems best fit with these types of positions.
Explain what is meant by employee benefits.
Outline how compensation and benefits fit together.
Describe how compensation and benefits can impact employee morale and performance.
Cite any references to support your assignment.
Format your assignment according to APA guidelines.
Submit your assignment.