Compensation & Benefit Packages. Compensation & Benefit Packages. Instructions: A Compensation package can include salary, bonuses, health care plans, and a variety of other types of compensation. Envision an organization of your choice and develop a mission statement that defines what type of organization you choose (manufacturing, retail, sales, etc.) Based on research you conduct into the type of organization you have selected, create a compensation package for three classes of employees found below.
1. Initial entry employees
2. Middle management
3. Senior management
Your compensation package should include at a minimum, salary, bonuses, health care, retirement plans (defined benefit – defined contribution, etc.), and paid time off (PTO), (Vacation, sick leave, holidays, etc.)
Submit your work as an MS WORD ATTACHMENT in either a .doc, .docx, or .rtf format.
Please support your ideas, arguments, and opinions with independent research, include at least five (5) supporting references or sources (NOT Wikipedia, unknown, or anonymous sources), format your work in proper APA format, include an abstract, cover page, minimum of 8 full pages of double spaced content, a reference section, and in-text citations for all listed references formatted in accordance with the 6th edition of the APA manual, chapters 6 & 7.
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