Article Writing Homework Help

Compose a 1500 words assignment on career development plan compensation. Needs to be plagiarism free! According to the research findings, it can, therefore, be said that Achievement Motivation is closely associated with company growth rates rather than power or affiliation motivation. The compensation plans of a company generally include the policies, procedures and also all the rules that are needed. These help to ensure a clear determination and administration of the compensation. Also as seen the incentives play a major role in the employee satisfaction, hence an extra effort to keep this clear is always beneficial for the company as well. Based on all the reading and understanding of the various factors affecting employee motivation, the following compensation plan can be used as a consideration for the company. The following aspects need to be clear in terms of the plan, a) the employee salary packages need to be at a moderate level and need to based on the skills, and job and also on the performance of the employee as well. Also the annual review of the employees will be the period where they can expect a raise, but this is based on the performance of the employee along with the overall performance of the company as well, if the company does well, the employees can also expect higher levels of bonuses as well, b) the employee should be able to see the main vision of the company and need to work on reduction of costs and also higher customer acquisition and retention as well, c) monthly ‘Best Performer’ awards can be announced and this will motivate the employees with strong achievement motives, to work harder, d) Health benefits, pension plans, and stock options, will also be provided to the employees. In short, the main aim of the payment plan is to reward the employees based on the performance and also the levels of the job. The benefits mentioned in the last point, however, will be available to all. There are several benefits that can be expected from this plan. The use of the performance related pay plans can be very helpful for the company and comes along with a number of positive aspects as well.