Research the standards used for compensation and benefits by 2 or 3 organizations in the retail trade industry as well as the industry as a whole.
Acting as the VP of HR of one of these organizations, develop a revision to a compensation and benefit standard that will help align your company with the national standard and attract quality employees.
Prepare a 350- to 700-word memo in which you recommend your revision to the director or upper management of the organization. Use your research to support your recommendation and include the following:
- Compare your current standards with those of the other companies and the industry as a whole.
- Explain the changes to compensation and benefit strategies you will include.
- Explain other incentive techniques you would consider to align your company with industry standards.
- Explain the motivational strategies that would benefit your sales team and/or front-line.
- Organize a timeline for implementation.
Cite your research and format your paper consistent with APA guidelines.
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