Create a strategic compensation plan overview to include the use of direct and indirect compensation, pay philosophy (where the organization wants to position itself in the market regarding compensation), incentives, differentials, competency and/or skill-based pay, etc., in order to make the best use of the organization’s compensation budget. Use the results of your interview from Week 4 to aid with this assignment. The report should be an overview only, not an in-depth budget.
Length: 2 pages
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