Recommendation for Compensation of Benefits Plan

Recommendation of a new Compensation Program I am the new bench vise president of benefits for R & angstrom; J Mortgage Company. I am recommending a compensation program that will hopefully retain our employees and tour those benefits that are better thence otherwise companies. It is my responsibility as compensation and benefit specialist to take market remuneration studies, these studies determine what jobs that our club should pay, what benefits and incentives are appropriate. I start with a clearly define job verbal description; get across comparable market information, base pay, wages compensation, compensation form and total compensation. Then I will line of concern wage survey selective information, concur a fewer peal calls to external sources and send out comprehensive questionnaires to companies and agencies to pull data relating to these job descriptions. The description will have name of job, department, who the employee reports to, a job summary and t he summary of the essential functions of the job. I then will compile my findings on a salary abridgment form. Position title, base pay, benefits such as medical, dental, vision, life, spud options, hideaway benefits and other incentives. (Appendix A & B) This will make it lite to compare and analyze information in sundry(a) salary categories. With well defined job description and majuscule puppets to supporter organize the information I can bear a market pay study to help our company retain competitive (http://office.microsoft.com/en-us/FX011879991033.aspx).

The job military rating is a tool use to evaluate the worth of each job in our boldness and in the market. With a succ essful job evaluation trunk I can make our ! organizations pay dodge equitable, understandable, de jure defensible, approachable, and externally competitive. I will use the job evaluations to: * explicate job descriptions so that employees understand the expectations of their roles and the relationship of their roles to other jobs dense down the organization. *... Excellent practical guide for building comp&ben system in the company, comprehensive templates attached. If you want to get a full essay, station it on our website: OrderEssay.net

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