Compensation Plan for Potential Candidate
HRM/531
Cathy McCullough
April, 12, 2013
Compensation Plan for Potential Candidate
The average marketing salaries for directors vary depending on company, experience, industry, location, and benefits. Marketing salary comparison feature would be provided to help the job seekers gather the required information to make the right decisions and negotiate on the salary were needs to be. Companies are always prepared to pay competitively for the best people. Marketing directors receive an average of $93,472 in financial services and $93,000 while in publishing sectors salaries are much lower (Cline, 2010). The benefits of directors continue to beef up salary especially, in large organizations. The latest survey indicates that marketing directors receive benefits that are above their basic salary in the year 2003 with men receiving higher benefits compared to women. Employers give out their pension contributions generously with 3% and 8% of salary contribution of the company according to the employees (Hall, 2012).
Performance related bonuses will be given by the company. Car benefits are also given to marketing directors with some receiving car allowance and private medical insurance. Retirement benefits are also provided as one retires at the normal retirement age. Moreover, the company also provides early retirement on request. They are monthly contributions from both the employer and employee toward securing a comfortable retirement. Employees benefit from leave allowances in form of vacation, sick time, and personal time as a benefit in order for the company to recruit and maintain superior marketing directors (Hall, 2012). Reimbursement programs and vocational training offered to employees to foster employee job satisfaction as well as improving productivity and success of the company. These programs also help employees to further increase their...