Mhr 6451 Unit Iv Power Point Presentation

COMPENSATION PAY PLAN FOR LEAD MANAGERS MHR 6451: Human Resources Management MethodsDr. Al Infande2/16/2017Unit IV- PowerPoint Presentation TABLE OF CONTENTSSlide #3 Compensation Pay Philosophy Slide #4 Compensation Strategy Slide #5 Proposed Compensation Strategy (Cont.)Slide #6 Employee InputSlide #7 Market CompetitivenessSlide #8 IncentivesSlide #9 Retain, Motivate, and Growth Slide #10 Fairness of Pay Structure Slide #11 Fairness of Pay Structure (Cont.)Slide #12 Employee Satisfaction regarding Compensation Plan (cont.)Slide #13 Communication Plan for Rolling Out the New Plan Slide #14 Overall Benefits of implementing the Compensation Strategy Slide #15 ReferencesCOMPENSATION PAY PHILOSOPHY The company will achieve strategic goals and attract new employees and retain effective employees by offering fair and competitive pay structures reflective of the external market, rewarding innovation, and motivating employees by offering performance management programs that promotes continuous improvement, and identify learning needs.COMPENSATION STRATEGY Compensation increases will be based on knowledge obtained through various on the job trainings and educational courses that will be offered to all employees to advance professionally as well as met organizational goals. This compensation approach is an efficient structure to increase performance and productivity by rewarding employees as they increase their knowledge and obtain strategic goals. The proposed Compensation Strategy will encourage employees to