Compensation and Benefits Proposal Plan for Human Resources Director
There are two core business categories in the world; they are sales or services. There are a range of businesses in different industries and the industries are either engaged in selling goods, or providing a service. No matter what industry it is competition exists and organizations have to distinguish themselves from their competition. Organizations distinguish themselves in different ways but one of the most important ways is through its people. Acquiring talented individuals who can execute an organizations goal(s) in an effective and professional manner will help that organization distinguish itself from their competition.
One of the most effective ways for an organization to attract talented individuals is through the compensation and benefits package it can offer to those individuals. Most organizations have dedicated individuals in their human resources department that focus on developing compensation and benefits packages that are competitive and beneficial to both employer and employee.
In this compensation and benefits plan team (A) will research compensation and benefits associated with the position of executive human resources director. Team (A) will write a compensation and benefits plan that include salary, bonus, 401K, and health care that meets the needs of the employer and the employee, and address any obstacles that may arise if the plan is implemented.
Justify Chosen Approach
The human resources director plays a magnificent role within the organization. The title holds plenty of responsibilities and duties, which keep the organization together to run successfully. Before looking at compensation and benefits plan for a human resources director, the organization must determine a few objectives first. Jonathon Lister writer from Chron had stated, “A strategic plan for employee compensation determines how much you want to pay employees and what type of employees you want...