Part of Smith’s idea for Blossoms Up! strategic organizational objectives is the creation and hiring of a Vice-President of Operations. The position will oversee the company’s transformation to a high-technology entity in all phases of the business. Based on the job description completed in Week 1 and considering other factors that should be included in total rewards for this position complete the following:
Discuss the Week 1 deliverable job description for the position as a team.
Design an executive compensation package for this position linked to this strategic organizational objective.
Include the four general components of executive compensation:
- Base range salary
- Standard employee benefit plans
- Supplemental short- and/or long-term incentive compensation plans
Include components for rewards and recognition.
Demonstrate creative suggestions based on emerging trends and issues in total compensation.
Write a 700- to 1,050-word Compensation, Benefits, and Reward & Recognition Plan for the Vice-President of Operations written in the third person voice.
Format your executive compensation package consistent with APA guidelines.
Use headings to appropriately signal the topics and keep your document organized.
Use a minimum of five in-text citation sources within your paper and identify them in your APA correctly formatted References page.