Compensation Plan Outline - Assignment Example

Comments (1) Cite this document
Summary
The term “compensation plan” in a company refers to combination of salaries, wages, and all types of benefits employees receive in exchange of good performance. Compensation may include annual salary or hourly wages, bonus payments, benefits and incentives such as health…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER96.2% of users find it useful
Compensation Plan Outline
Read TextPreview

Extract of sample "Compensation Plan Outline"

Download file to see previous pages The following is an outline of Kellogg’s compensation plan.
Kellogg is the world’s number one producer of cereal, snacks, and frozen food producer including, crackers, cookies, cereal bars, fruits, flavored snacks, toaster pastries, veggie foods, and frozen waffles. In order to motivate its employees, the company has come up with a compensation plan, which provides eligible workers with a competitive form of retirement benefits depending on the years of service and pay and improve the performance of the employees. Kellogg Company uses a variety of equity-based compensation plans to provide long-term compensation to employees (Zoltners, Sinha, & Lorimer, 2006). Currently, the company’s incentives comprise of only stock options and executive performance shares, stock grants, and restricted stock units. In addition, Kellogg Company compensates employees for tax equalization payments, travel and home leave allowances, adjustments for cost of living, moving and relocation allowances, utilities and housing allowances, and hardship premiums and foreign service allowances (Harding & Rovit, 2004).
Kellogg Company agrees to give compensations and benefits, according to the terms and condition of the Company’s benefit and compensation rules and regulations. Employees warrant and represent that an employee has gone through the compensation plan and understood its application and meaning. For the purpose of the compensation plan, employees in Kellogg Company agree that.A worker shall receive compensation and benefits as according to the compensation plan. According to the compensation plan of Kellogg Company, employees should receive compensation pay, which is equal to two operational years of target bonus and base salary. Such compensation amount shall be paid to employees under equal install aments as from the departure date (Plunkett, Jack, & Plunkett, 2009). According to Kellogg Company, then the ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Compensation Plan Outline Assignment Example | Topics and Well Written Essays - 1000 words”, n.d.)
Compensation Plan Outline Assignment Example | Topics and Well Written Essays - 1000 words. Retrieved from https://studentshare.org/human-resources/1630787-compensation-plan-outline
(Compensation Plan Outline Assignment Example | Topics and Well Written Essays - 1000 Words)
Compensation Plan Outline Assignment Example | Topics and Well Written Essays - 1000 Words. https://studentshare.org/human-resources/1630787-compensation-plan-outline.
“Compensation Plan Outline Assignment Example | Topics and Well Written Essays - 1000 Words”, n.d. https://studentshare.org/human-resources/1630787-compensation-plan-outline.
  • Cited: 0 times
Comments (1)
Click to create a comment or rate a document
fm
fmcdermott added comment 6 months ago
Student rated this paper as
I didn’t know how to start my document. "Compensation Plan Outline" helped me out a lot! Especially the list of content was valuable.

CHECK THESE SAMPLES OF Compensation Plan Outline

The Questionary: Insurance and Pensions. ASU, MPPI

...?Question My investment option is to take a life insurance. Majority of the life assurance organizations avails a with-profits fund. As long as I continue paying the required premiums, a guaranteed minimum value is offered at maturity by these plans. I would be interested in investing in with-profits policies. This is a long-term investment where I will be able to benefit from insurance company’s profits and it is the company’s responsibility to also manage my policy. Here, the policy value has to increase overtime, as my money is invested and bonuses are awarded by the company. Bonus can be classified into two types namely; annual bonus also known as regular bonus and final bonus that is also reefed to as the terminal...
17 Pages(4250 words)Outline

Marketing Plan and Plan Report for the New Master Programme

...Marketing Plan of Promotion Campaign Marketing Plan and Plan Report for the New Master Programme Table ofContent Executive summary………………………………………………………………………………………Page 3 Marketing Plan Report……………………………………………………………………………………Page 4 Marketing Plan…………………………………………………………………………………………… Page 10 Context Analysis……………………………………………………………………………………………Page 11 Marketing Objectives……………………………………………………………………………………Page 13 SWOT Analysis…………………………………………………………………………………………… Page 14 Target Audience…………………………………………………………………………………………Page 14 Co-ordinated Communications Mix…………………………………………………………………Page 15 The Schedule………………………………………………………………………………………………Page 17 Budget/Resources…………………………………………………………………………………………Page 18 Implementation... are sure they want to...
18 Pages(4500 words)Outline

B plan - additional payment

...have been reduced to €40 per week based on a revised plan to focus on basic services. i.e. design and management building services engineering projects. Smaller projects will be sub-contracted to fellow engineers that cover Leninster, Connaught and North Munster. This will reduce travel time in conducting surveys on properties beyond a distance of 30 miles from the home office. The car is also being reconfigured to run on diesel, which is a cheaper alternative. There will be no expenses on advertising during year 1. The firm will continue to use word of mouth and tap into the existing customer base. Further, expenses on training and development are expected to reduce to €10 per week after the completion of the Masters...
8 Pages(2000 words)Outline

Choose one from 5 options

...planning, recruitment, training, development, performance appraisal, compensation plans, evaluation and counseling and even job and organizational redesign (Management Study Guide n.d) (Figure 2). This section will more or less emphasize on describing the tasks and activities of specific functions that relate with job analysis and prove to be of a critical component in these domains. It will be more inclined towards elaborating the operational side of the job analysis technique. It will basically focus on determining the usefulness and significance of job analysis in both qualitative and quantitative assertion and analysis of capacity planning, inter-relationships,...
4 Pages(1000 words)Outline

Business Plan Outline

...BUSINESS PLAN OUTLINE Table of Contents Online Fitness Service 3 Reference 4 Online Fitness Service Business Objective What How Assumptions Online Fitness Service - this is the business unit that aims to offer online fitness guidelines and workouts to the people who seek fitness and health services at the gym or at their home in convenient times. Research market for online health guidance services in terms of industry size and competitors (Thomas, 2003). Development of online platform where the users can register and retrieve information. Building functioning network with partners such as gym trainers, health care consultants and physicians. Small scale operation and pilot study for assessing the response of...
1 Pages(250 words)Outline

How and why can strategic human resource management can help schools/academies face future challenges

...How strategic human resource management help schools face future challenges Affiliation: Date: Introduction It should contain the definition and brief explanation of what strategic human resource management entails, describe flexible teaching and generally explain in brief what the report will entail: challenges facing flexible teaching in secondary school, how strategic human resource may help and recommendation on implementation of the strategies proposed. Challenges a) Lack of qualified staff b) High turnover rate for the teachers c) Lack of motivation to attract staff to the program Ways strategic human resource can curb the challenges a) Performance-based compensation- deal with high turnover rate due to lack of pay increase... and...
1 Pages(250 words)Outline

PPP Lesson Plan

...Running head: ppp lesson plan 20th August Can and Can’t Lead in In group activity where the student will play a ball in a circle, the teacher will go around the circle making sure that the students make sentences using can and can’t for example. I can throw the ball to Alice, but I can’t throw the ball to the teacher. For the elementary learners to speak a language with a high degree of proficiency there is need for grammar lesson (Jeremy, 1998). After testing or brainstorming, it is important to teach what they have forgotten for example writing the correct can and can’t sentence. John can fly and Jane can’t walk fast among others. For elementary learners’ verbs like Play Throw Walk These verbs are going to be...
1 Pages(250 words)Outline

Leakage flow modelling in Gas Turbines plan

...Introduction ANSYS computational fluid dynamics (CFD) simulation software gives you the capability to make predictions withsurety the possible impact of fluid flow in your turbo engine all through the design phase and also during the use by the end user. ANSYS CFD solutions are fully integrated into ANSYS workbench platform which has a number of capabilities such as processing, simulation, post processing and multi physics functionalities. Objective To create a plan for the design of an ANSYS CFD in Leakage flow modeling in Gas Turbines. Plan For the system to be designed and modeled to completion, the following must be done: 1. Structural analysis This will involve analysis of factors such as the...
1 Pages(250 words)Outline

Bank regulation

12 Pages(3000 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Assignment on topic Compensation Plan Outline for FREE!

Contact Us