Develop a compensation and benefits package
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paper should have at least three (3) reputable sources.
Focus on these points –Most of the points should be covered from the particular topics
· Be able to describe the goals of a compensation plan.
· Be able to discuss the internal and external considerations of compensation package development.
· Know how to develop a compensation philosophy.
· Explain types of job evaluation systems and their uses.
· Be able to define and discuss the types of pay systems and factors determining the type of pay system used.
· Know the laws relating to compensation.
· Explain the various types of benefits that can be offered to employees.
· Be able to create Key Performance Indicators.
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