Compensation and Benefits Plan Executive Summary Due to shrinking local labor market and increasing turnover within SMC Company, the board members of SMC will propose a comprehensive and progressive compensation and benefits plan to the CEO to increase retention in the Company. Traditionally SMC has paid only minimum wage and mandatory benefits. The following paper will propose the costs of the plan, external and internal equity, and creative methods of compensation and voluntary benefits for …
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showed last 75 words of 699 total
…University of Phoenix (ED) (2004) Bennett-Alexander-Hartman, Noe <Tab/>Hollenbeck Gerhert-Wright: Fundamentals of Human, Managing Human <Tab/>Fourth Edition [University of Phoenix Custom Edition e-text] The McGraw-<Tab/>Hills Companies. Retrieved April 29, 2005, from University Of Phoenix <Tab/><Tab/>Resource, Human Resources Management/MGT 431 <Tab/>Site:https://ecampus.phoenix.edu/secure/resource/resource.asp