Design a 525- to 700-word total compensation plan (written in the third person voice) for an imaginary competitor of Amazon, Home Depot, Starbucks, FedEx Corporation, or Bristol-Myers Squibb.
Address the following details in your plan:
How your plan supports key objectives
An evaluation of current trends and issues in total compensation and a prediction of future trends
Internal and external equity
A wage management process and rationale
A retirement plan and how participation will be driven
The influence of the organization’s financial condition on the total compensation plan
How your plan will be communicated to leadership and employees
Format your paper consistent with APA guidelines.
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