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HRM 531 Week 5 Individual Study Guide Career Development Plan Part IV—Compensation PaperScholar Study Aids
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HRM 531 Week 5 Individual Study Guide Career Development Plan Part IV—Compensation

HRM 531 Week 5 Individual Study Guide Career Development Plan Part IV—Compensation

HRM 531 Week 5 Individual Study Guide Career Development Plan Part IV—Compensation

This study guide includes a 1340 word example paper describing the proposed compensation plan for a company that has recently undergone a merger.

Individual Assignment: Career Development Plan Part IV—Compensation

Because InterClean is embarking on a new strategic direction, upper management has
asked you to suggest a new compensation plan specifically for your team. Propose your
ideas and rationale to the human resource department manager for approval.

• Review the completed Week One assignment, Management Behavior, the Week
Two assignment Career Development Plan Part I—Job Analysis and Selection, the
Week Three assignment Career Development Plan Part II—Development of a
Training and Mentoring Program, and the completed Week Four assignment Career
Development Plan Part III—Performance and Career Management.
• Write a 700- to 1,050 word proposal that includes the following information:

o Describe a new compensation plan for your employment team.
o Explain why your pay system will work.
o Describe three components of a total rewards package that would motivate
employees to reach peak performance.
o Describe your compensation plan’s benefits to the individual as well as to the
company.

Note. APA format is not required for this proposal; however, you must include a title
page and a reference page.