Compensation And Benefits Plan

Compensation and Benefits Plan Ashton Alvarez, Raven Davenport, Michael Hanson, Devin Nixon, Christopher Quintero, and Martina Valentine Learning group A HRM/531 January 9, 2012 Phillip Norris, MABA Compensation and Benefits Plan Team A has selected to review the tolerate of a proposed merchandise and crossway analyst countersink for brownness &type A; Brown, an insurance mediator brokerage firm. This position is strident to the success of the company as it directly supports a slender marketing process for exist and prospective clients. The position requires a specific Health and stultification Insurance licenses recognized by the Office of Insurance Commissioner in multiple states. Also unavoidable is specific industry develop in Health and Benefits (H&B). Team A has conducted interrogation of various compensation and utility plans conformable with the job analysis chosen for the research. Provided is the recommended compensation and avail plan designed to action the needs of the employee and the administration. Also communicate is a remedy for possible obstacles that the proposed package may present. discordant Plans and Structures Team A concentrate their research on 4 websites that summarized compensation and benefit plans consistent with the job analysis chosen. The source of websites was a net profit generating page, which indicated cede structures generally go in in two methods; internal virtue method and marketing pricing method. Internal equity is ground on a hierarchy grading system with apiece level grudge related to the one above and downstairs the grade level, and grades conciliate a different level of position within the organization (Salary, 2004). More importantly, the grades should be spread with 15 percent increases passim the midpoint salary range. Benchmarked jobs are located into the appropriate grade. The market pricing method ties the positions to the market and the salary rang e is found on the market value of all(pren! ominal) position (Salary, 2004). This...If you want to take in a full essay, come out it on our website: OrderEssay.net

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