Design a 525- to 700-word total compensation plan (written in the third person voice) for an imaginary competitor of Amazon, Home Depot, Starbucks, FedEx Corporation, or Bristol-Myers Squibb.
Address the following details in your plan:
- How your plan supports key objectives
- An evaluation of current trends and issues in total compensation and a prediction of future trends
- Internal and external equity
- A wage management process and rationale
- A retirement plan and how participation will be driven
- The influence of the organization’s financial condition on the total compensation plan
- How your plan will be communicated to leadership and employees
Format your paper consistent with APA guidelines.