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Proposal Plan

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Proposal Plan III

HRM 595

Melissa Jackson

Sept 3, 2013

Proposal Plan III The compensation and incentives that an organization offers is going to be very important to how they are able to attract and retain their employees and talent. These two important areas will have to fall in line with the organization objectives that the organization is trying maintain and also be enough to ensure that the employees are being compensated well for their work, because if not the competition will have no problem stealing away talent. Rewards and recognition are also important when an organization is considering how to acknowledge their employees and give them reasons for staying with the organization.
Compensation and Incentives There are a few things to consider before actually setting the compensation for a position. A compensation survey should be obtained to help determine what other firms are paying for specific jobs or jobs within the same labor market (Mondy, R, 2008). Other determinants would be cost of living, expediency, economy, labor unions, and legislation in that particular state. At Coca cola, compensation and benefits packages are among the best in the world, benchmarked against other global, high-performing employers. We also offer a variety of developmental opportunities for our associates, including Coca-Cola University, a learning program for high performers (Employee Engagement, 2013). Compensation that will be offered to the employees will be based upon the title and position they will be hired for. Regular skilled workers for Coco-cola will receive regular wages based upon their position and titles. For employees that are sales positions and that bring in revenue for the organization they will be allowed to receive bonuses for the business they bring into the organization. For the

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