The final outcome of the project will be an overall compensation program for an organization including both direct and indirect compensation. For purposes of this project, you are the Compensation Director of the organization.
For purposes of this project, you will use a fictitious organization but will provide details about the organization as listed in the “Plan Guidelines” outlined here. Assume that the organization is two (2) years old and currently has seventy (70) employees. The organization is in a growth stage and plans on expanding. Within the next year, the staffing plan calls for as many as 200 total employees.
Make any assumptions you need to about the organization; for example, you will need to decide the industry, the company philosophy, the mission/vision, the top management leadership style, the location, the demographics. You may have other assumptions you want to make about the organization. The assumptions you make are critical—remember, your compensation plan should be aligned with the organization’s strategies. It should be designed in a way that solves business problems (or prevents potential problems) for the organization. Part of the evaluation of your plan will focus on how well the plan aligns with the organization’s strategies and how creative you are in solving current and potential business problems