Controlling is a crucial function in the compensation decision-making process.Â This unit discusses three areas of control:
- Budget controls
- Pay plan analysis
- Monitoring employee acceptance
Imagine you work in the human resource department of a large organization.Â The organization is having a high level of turnover among all employees.Â The CEO learned that there is no process set up to determine if the compensation and benefits program is effective, and wants one started within the month. Your job is to develop a plan to determine if there is a need to make any changes to the compensation and benefits program.Â The CEO wants a proposal that includes three specific approaches for determining whether or not there is need for change. Format your proposal into a business report that is no more than 2 pages.Â Make sure you support your proposal with information learned throughout this course.