This project has 2 parts. Background descriiptions and processes are attached.
Part 1.
Research some ways of developing compensation plans. A good example can also be found at the Society for Human Resource Management (SHRM).
Develop a strategy and plan for conducting the final recommendations (part 2). Create an outline or table with the schedule of how the project will be done. Include a breakdown of the tasks, and a date the tasks are to be completed. Create this in one Word document.
One thing that you will probably need for your project is job descriiptions of the four positions that will be the subject of your study. You can find job descriiptions on the Internet. As long as you correctly cite your sources and appropriately identify quotations, you may use the descriiptions verbatim.
Part 2.
The second deliverable for this project is a report addressed to the CEO. The report is to contain the following.
1. Executive summary
2. A descriiption of the project
3. The methodology that was used to complete the project
4. Job descriiptions for your four chosen positions
5. The results of a compensation survey you conducted using sources available on the Internet
6. How your recommended compensations were calculated, including averages, adjustments for locations, and adjustment to create packages that were in the top 25% of industry compensation packages
