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Compensation Plan When it comes to the compensation plan that the company provides is hopefully a good plan. “It is no exaggeration to say that for most firms, benefits represent substantial annual expenditures” (Cascio. (2005). Chapter 12, p.464). So, it takes time to come up with a good or “decent” compensation plan. For the new team that has been developed in the InterClean, there has to be some good benefits for them to want to stay with the company. There are four laws that the company has to go by and we are going to make sure they are being followed. One is the Social Security Act. Having Social Security when you retire helps all employees in any company. The company will also provide some seminars to make sure that the employees have a better understanding of their Social Security plan. We have a few employees that will be retiring soon. So, they would like to keep an eye on what they will receive from Social Security. The Federal Government takes out money to go toward unemployment. This happens when if you get fired and you can receive a paycheck until it runs out. Workers’ compensation helps because an employee can get hurt on the job. Something that helps an employee to decide to stay with a company is if it has a good retirement plan. Our company wants to make sure that each one of our employees are satisfied with their retirement plan. Our employees will be paid by salary. With each promotion that is an automatic raise. All of the employees will receive security and health benefits. “Insurance is the basic building block of almost all benefits packages, because it protects employees against income loss caused by death, accident, or ill health” (Cascio. (2005). Chapter 12, p.471). There are some employees that look at health benefits. Our company wants to make sure that our employees are taken care of. Our

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