Content - Creating a Compensation Plan
Description:
The attached video will provide an explanation of the compensation plan; a complete package that details your employees' wages, salaries, benefits, and terms of payment. Compensation plans include details about bonuses, incentives, and commissions that may be paid to employees.
Purpose:
From this lecture, you will be able to better understand the concept of a compensation plan with the goal of being to create one.
What to gain:
As you listen to the presentation it may be helpful to stop, pause and take notes on how some of what you hear may impact your own employment experience, or as an HR professional, how viewing compensation plan formulation ma impacts your ability to create one for the company where you work, or may work in the future.
Upcoming activities:
Before completing this module you will need to:
1. Submit Quiz3 meant to assess your level of gained knowledge
2. Submit the Final Written Assignment