Identify alternative pay methods and indicate advantages

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Question: Four: Developing a Compensation Plan A. Develop a progressive (more current, appealing, or advanced) yet competitive (as it relates to other companies seeking to hire employees) compensation (pay and benefits) plan to address the employee issues and make the company more competitive to support recruiting and retention. Traditionally, The Sports Board has paid only minimum wage and the legally required benefits. Consider the following:

1. Your position relative to other companies. Will you meet, lead, or lag the local market? Will this be the same for all positions? What is our rationale?

2. Identify alternative pay methods and indicate some advantages/disadvantages of each. Back to Index UFred.ca 21 EMBA 7045 Strategic Human Resource Planning

3. What benefits will you offer, including those legally required? What are the costs of those benefits? What is the rationale for offering those benefits?

Reference no: EM133334887

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