First, choose the type of company that interests you most and proceed to create your compensation policy. To create your compensation policy, you must choose one (1) of the three compensation policies and the pay level of the selected company. Remember, the three compensation policies are market leader, market lag and market match. Then look for two (2) or more competitors from the company you selected, based on the compensation policy you created. Once you create your compensation policy, describe the composition of the total compensation package and answer: What will be the salary increase review period and the pay increase guidelines for performance? Design a compensation survey based on the policy you created. Preview the document view in a new window You should identify the sources used to design the survey. Include the references you use in your work.
