Compensation Plan

Compensation Plan The merger between Interclean and Envirotech forming InterClean-Enviro Tech has been success risey achieved and as a management team we have already knowing a career development forge as soundly as the employees appraisal plan. We are now in the adjoin of coming up with an ideal compensation plan for all(a) our employees. This forget be involved in the main and full compensation system and explains the relationship between the employees, the participation, employees performance and their salaries(Gale investigate Company,1986).InterClean-Enviro Tech employees compensation plan allow for be divide into three major components; salaries and wages. These will make up to 62.5 part of the cost and the rest 37.5% will cover for the benefits. The compensation plan will begin by assessing the concern requirements and designing a job description for all the employees. We will withal be employing the use of data from both internal and external sources. This will be able to look into job requirements and its relation to an separate(prenominal) jobs and salaries at InterClean-Enviro Tech as well as other alike(p) jobs and salaries in similar businesses. A position will be allocated to a job then followed by allocating a salary scale in the same manner.

Each and every job will be assessed in relation to their set within the company and the marketplace. The assessment process will basically consider the job needs only. Uniformity within the company will be critical so as to flow up with a value for the various jobs that need same skills as well as responsibilities. We will also be able to revise job descriptions as well as prepare information such as list of tasks, job titles, job expectations and the level of responsibilities. Human resources representatives and other managers will also participate in this process and will also be able to analyze and make approvals on each description to ensure they are accurate, clear and consistent. Each job at InterClean-Enviro Tech will... If you want to get a full essay, narrate it on our website: Orderessay

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