HR Management- Compensation and Benefits
● Create a 3-4 page paper developing a compensation and benefits plan for potential new hires
For this assessment, as the new owner of the “Aqua Irrigation Force” or your selected organization, you will need to develop the compensation and benefits plan for your potential new hires. As a franchise, you have just opened your company in a residential area and need to hire new workers. You will need to consider the location and the size of the company to complete this task.
● Select a position and determine the roles and responsibilities that are required.
● Explain the law that regulates paying minimum wage and overtime pay, considering that determining an employee’s salary is a significant factor for any position. Explain the law that regulates paying minimum wage and overtime pay. Address the following in your analysis:
● What is the minimum wage in your community where the Aqua Irrigation Force, or your selected company, is located?
● What is the requirement for the employer regarding pay when employees need to work more than 40 hours in a week?
● Describe the benefits that a company has to provide to an employee.
● Explain the duties of a fiduciary and the role this plays in your company.
● Discuss the requirements for companies that offer pension plans.
● Describe wellness plans. What should they offer and what benefits do they provide to both companies and employees?
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