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A Compensation package can include salary, bonuses, health care plans, and a variety of other types of compensation. Envision an organization of your choice and develop a mission statement that defines what type of organization you choose (manufacturing, retail, sales, etc.) Based on research you conduct into the type of organization you have selected, create a compensation package for three classes of employees found below.
1. Initial entry employees
2. Middle management
3. Senior management
Your compensation package should include at a minimum, salary, bonuses, health care, retirement plans (defined benefit – defined contribution, etc.), and paid time off (PTO), (Vacation, sick leave, holidays, etc.)
Please support your ideas, arguments, and opinions with independent research, include at least three (3) supporting references or sources (NOT Wikipedia, unknown, or anonymous sources), format your work in proper APA format, include a cover page, minimum of 5 FULL pages of written content, double space all work, include a reference section, and cite all listed references properly in text in accordance with the 6th edition of the APA manual, chapters 6 & 7.
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