How plan will affect retention and motivation of workforce

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Given what you know about benefits plans and options, as well as costs and factors for designing a benefits plan, draft a basic plan for a start-up company of fewer than 100 employees in your local community. In your plan, include the following:

Question 1: Determine an appropriate cost target as a percentage of the total compensation package for your total benefits package, as well as the process to determine the cost target. What trends will have an effect on your cost target?

Question 2: Explain how your plan will affect retention and motivation of the workforce. Propose a review plan to maintain a competitive benefits package into the future.

Question 3: Explain how you will ensure that your plan meets legal requirements now and into the future.

Reference no: EM132850236

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