Resource: Blossoms Up! Case Study and Measure Compensation’s Impact
Part of Smith’s idea for Blossoms Up! strategic organizational objectives is the creation and hiring of a Vice-President of Operations. The position will oversee the company’s transformation to a high-technology entity in all phases of the business. Based on the job description completed in Week 1 and considering other factors that should be included in total rewards for this position complete the following:
Design an executive compensation package for this position linked to this strategic organizational objective.
Include the four general components of executive compensation:
- Standard employee benefit plans
- components for rewards and recognition.
Demonstrate creative suggestions based on emerging trends and issues in total compensation.
Write a 500 word Compensation, Benefits, and Reward & Recognition Plan for the Vice-President of Operations written in the third person voice.
Format your executive compensation package consistent with APA guidelines.
Measure Compensation’s Impact