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Total Compensation Plan

Design a 525- to 700-word total compensation plan (written in the third person voice) for an imaginary competitor of Amazon, Home Depot, Starbucks, FedEx Corporation, or Bristol-Myers Squibb.

Address the following details in your plan:

  • How your plan supports key objectives
  • An evaluation of current trends and issues in total compensation and a prediction of future trends
  • Internal and external equity
  • A wage management process and rationale
  • A retirement plan and how participation will be driven
  • The influence of the organization’s financial condition on the total compensation plan
  • How your plan will be communicated to leadership and employees

Format your paper consistent with APA guidelines.

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