DEVELOPING PAY STRUCTURE

◦Summarize the compensation and benefits practices currently in place at the company.
◦Describe your overall approach to building a formal pay system for the company.
■What steps will your team need to take?
■What considerations will be necessary?

•Section 1: Benchmarking
◦Identify sources of compensation and benefits data, as well as wage data that is relevant to the organization.
■Include a description of how to use this data to either lead or match a competitor’s total rewards package.
◦Describe how the company’s compensation and benefits should compare to exemplary total rewards packages in the technology industry

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