Explain what is meant by employee benefits

Reference no: EM132665442

Assignment: You and your learning team members are HR Consultants for Systems and Solutions HR Firm. You have all been contracted by Premium Protect Plus Inc., an existing security system company. Due to the high volume of business, Premium Protect Plus Inc. is planning a massive expansion. This expansion will include new locations, the development of new departments, and more human capital. Premium Protect Plus Inc. is aware that this massive and rapid expansion will require the organization to conduct a strong evaluation of their current compensation and benefits system. Premium Protect Plus Inc. needs to develop a compensation and benefits plan that will support their desire to attract, retain, and develop human capital while supporting the vision and values of the organization.

Your consulting firm has been asked to develop a compensation and benefits plan for the entire organization, with specific attention to the new departments and positions. Your team has been tasked to develop a human resource business plan addressing compensation and benefits. You will present this plan to the CEO, CFO, Public Relations & Marketing Director, Human Resource Manager, Corporate Recruiters, and some Senior Vice-Presidents.

The new and expanded departments are:

• Call Centers

• Sales Team

• Customer Loyalty Department

• Security Monitoring Department

• Technology Center

Create a 10- to 12-slide presentation, including clear and specific presenter's notes and visual aids and graphics, in which your team presents the new compensations and benefits plan for this new department to a group of senior vice-presidents, a human resource director, human resource generalists, and human resource recruiters.

1. Define compensation and outline the types of compensation.

2. Determine what type of compensation systems best fit with these types of positions.

3. Explain what is meant by employee benefits.

4. Outline how compensation and benefits fit together.

5. Describe how compensation and benefits can impact employee morale and performance.

6. Cite any references to support your assignment.

7. Format your assignment according to APA guidelines.

Reference no: EM132665442

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