HRM324 Week-5 Total Compensation Plan

HRM324 Week-5 Total Compensation Plan
Resources: Assigned readings, Virtual Organization: Riordan Manufacturing, ERRs, the Internet, and other resources
Create a 1,750- to 2,450-word total compensation plan for Riordan Manufacturing. Your plan should address the following details:
• 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.