Interclean Compensation Plan

InterClean allowance Proposal University of Phoenix HRM 531 December 21, 2009 MEMORANDUM TO: HR Department Manager SUBJECT: Proposal for the New Compensation Plan DATE: December 21, 2009 Over the past few weeks we hurl made a circularize of progress in the merger of InterClean and Enviro Tech. We have completed the work analysis and plectron requirements, the training and mentoring cast and the performance and locomote management end for the parvenue gross sales Department. To complete the novelty process, we moldiness now turn our efforts to develop a sunrise(prenominal) compensation plan for the members of the sales police squad. Upper management has say me to develop a youthfulfangled compensation plan and circulate it to you for approval. This proposal discusses the new compensation plan for the sales team, reasons why this invent nonpayment will work, explains three components o f the total rewards computer software and describes the plans benefits to idiosyncraticist team members and to the company. The New Sales Compensation Plan I propose that we develop an admit compensation plan to attract, retain, and impress our employees. This plan essential be in line with our new mission and business strategy. It must be ground on what the company can succumb to pay in carnal knowledge to pay scale, and company competitiveness. The new pay system must be based on fairness and lawfulness. The three elements of truth cover internal equity relating to the actual worth of the transaction to the organization, external equity application program wages based on market rates removed the organization and individual equity which considers if separately individuals rate of pay is fair and congener to that of others that do the same job indoors a team (Cascio, 2006). To develop the new compensation system InterClean will have to look at assigning monetary value to each job. We have updated the... ! If you want to get a full essay, clubhouse it on our website: OrderCustomPaper.com

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