HRM531 HRM/531Career Development Plan IV Compensation Week 5

1. Individual Assignment:Career Development Plan IV Compensation. Now that you have created an appraisal system for employees on your new team and a career development plan for each member, it is time to develop a compensation plan. Because InterClean is embarking on a new strategic direction, upper management has asked you to suggest a new compensation plan specifically for your team. Propose your ideas and rationale to the Human Resource Department Manager for approval. Write a 700- to 1,050-word proposal o Describing a new compensation plan for your new employment team o Explaining why your pay system will work o Describing three components of a total rewards package that would motivate employees to reach peak performance o Describing your compensation plans benefits to the individual as well to the company Note: APA format is not required for this proposal. Use a title page and reference page where appropriate. 1. Submitas a Microsoft Word? attachment.

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