Compensation and Benefit
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Description
This paper is about the topic of Compensation and Benefits. Compensation and Benefits are hot topics of every major company in today's world. Employees and new hires need more than money or commissions in this new economy, benefits like flexible hours, bonuses, training, casual dress codes, tuition assistance, profit sharing, and vacation time.
New compensation plan
The whole idea of the plan is to have the employee believe that the compensation plan is fair and equitable (Cascio, 2006, p. 432). The plan needs to include cross-training so that employees can excel in performing the assigned job but to excel into higher levels in the company. Clean-Tech knows the need for additional training and will help any employee with educational assistance (Scenario, 2010).
Working the new pay system...