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Components of a total rewards package

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Now that you have created an appraisal system for employees on your new team and a career development plan for each member, you need a compensation plan for your employees. Because InterClean is embarking on a new strategic direction, upper management has asked you to suggest a new compensation plan specifically for your Puerto Rican team. You must propose the plan and a rationale to the Human Resources Department for approval.

Write a proposal of no more than 1,050 words that includes the following:

A description of a compensation package for your new employment team

An explanation of why your pay system will work

A description of three components of a total rewards package that would motivate employees to reach peak performance

A description of your compensation plan's benefits to the individual as well as to the company

An explanation of how the Puerto Rican compensation plan differs from the parent company's compensation plan, including a rationale for the differences.

Reference no: EM13857971

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