Review the following lectures:
Scenario:
You have been hired as the compensation and benefits manager for a company that has been in business less than a year, and its main competitor is Google. The company has one hundred employees, but the executive team realizes that new talent is needed in order to have innovative and cutting-edge ideas. You have been asked by the executive team to develop a compensation plan to attract college graduates. Keep in mind that many of these potential employees are from Generation Y. The objective is to build a solid foundation based on the business strategy (past, present, and future). Implement a compensation plan that aligns with the company’s mission and search for new talent.
Tasks:
Complete the following tasks:
- Analyze the compensation structure for Google.
- Evaluate the differences between Google’s pay structure and other organizations.
- Compose a total compensation and rewards program for the employees.
