Career Development Plan Compensation

Cargoner Development Plan-Compensation HRM 531 April 11, 2011 Dennis Cashman Ph.D. Career Development Plan-Compensation InterCleans virgin strategic direction ordain require the company to sire changes to the current havement system. InterClean must move away from the traditionalistic salary entitlement and annual increase approach to a pay system linked to the organizations goals. If an employer cannot change prices without suffering a bolshy of revenues due to decreased gross revenue, that employers ability to raise the level of pay is constrained (Cascio, 2006 p. 352). The sales team must produce results to apologize the position. A bare-ass recompense plan go away be developed and submitted through appropriate corporate partners for review and approval. Furthermore, the modernistic compensation plan will motivate employees with financial and non-financial rewards to learn and exceed individual and team goals. The benefits to the individual and company will allow InterClean to continue to improve performance for all stakeholders. Components of a Total Reward Package A total rewards program consists of quintette key areas. According to Compensation and Benefits Review (2009), The five elements are the following: compensation, benefits, worklife balance, performance and recognition, and development and rush opportunities.

InterClean will develop a new financial compensation plan and non-financial plan to support the companys new initiative. New Compensation Plan InterClean new compensation plan for the sales team will be crucial for the future victor of the organization. InterClean will be not succeed unless the sales team is meets and exceeds the strategic goals set forth. This will require the work of individuals and the run of the entire sales team. The sales team consists of outside sales representatives, sales managers and a Vice President. Each position will have financial and non-financial rewards to motivate the employee. Financial rewards for all positions... If you want to get a full essay, order it on our website: Orderessay

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