Compensation, Benefits and Retention

Compensation and Benefits
Develop a compensation and benefits package for a job posting. Please include key components of a compensation package, remembering that some benefits are legally required. This should include, but is not limited to:
Compensation type (market rate salary, job ranking salary, etc.)
Employer matching (401k, Social Security, Medicare, etc.)
Healthcare
Dental, Vision, Life Insurance

Retention and Motivation

Along with the compensation and benefits listing, provide at least five “perks” or offerings from the company that would help retain and motivate employees.

Tuition reimbursement
On-site daycare
Flex time/ Flex scheduling
Optional telecommuting
Half-day Fridays
Discounted gym memberships
Uniform and Professional Membership reimbursement
Utilize multiple resources to find valid examples of compensation and benefits as well as incentive programs currently offered by companies.

You may combine a bullet list format with an essay format as long as there are justifications and reasons for the benefits you have chosen to provide your employees.

In addition on a separate page”
In 150 words or more per item:

Managers are the most frequently used source of performance information. Explain this statement.
Discuss the ways a manager can improve the performance feedback process.
List five functions of a company in ensuring that employees accept transfers, promotions, and downward moves as development opportunities.

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