Interclean Compensation Plan

InterClean requital Proposal University of Phoenix HRM 531 December 21, 2009 MEMORANDUM TO: HR Department Manager SUBJECT: Proposal for the New Compensation Plan DATE: December 21, 2009 Over the past some weeks we come made a circularize of progress in the merger of InterClean and Enviro Tech. We have completed the work analysis and woof requirements, the training and mentoring project and the performance and locomote management course of study for the parvenue gross sales Department. To complete the novelty process, we moldiness now turn our efforts to develop a sunrise(prenominal) compensation plan for the members of the sales squad. Upper management has say me to develop a sassy compensation plan and circulate it to you for approval. This proposal discusses the untried compensation plan for the sales team, reasons why this invent strategy will work, explains three components of t he total rewards computer software and describes the plans benefits to undivided team members and to the company.

The New Sales Compensation Plan I propose that we develop an admit compensation plan to attract, retain, and impress our employees. This plan essential be in line with our new mission and business strategy. It must be found on what the company can succumb to pay in analogy to pay scale, and company competitiveness. The new pay system must be based on fairness and lawfulness. The three elements of virtue cover internal equity relating to the actual worth of the farm out to the organization, e xternal equity application program wages ba! sed on market rates removed the organization and psyche equity which considers if each(prenominal) individuals rate of pay is fair and relation to that of others that do the same job indoors a team (Cascio, 2006). To develop the new compensation system InterClean will have to look at assigning monetary value to each job. We have updated the... If you want to get a full essay, coif it on our website: OrderCustomPaper.com

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