Compensation and Benefits.

Compensation and Benefits
3/25/2019

Compensation and Benefits 1
Compensation and Benefits
Compensation and benefits strategy
The property that has been selected is Motel 5 is a new economy hotel in Canada. This is most of
the properties of the motel are franchised due to which they struggle who want to ensure that
brand standards are enforced and franchisees want to ensure that they maximize their profit. To
tackle the problem, the company will implement the compensation and benefits strategy. The
strategy that will be used by the company is the best practice instead of a best-fit approach
(Cascio, 2015). The company will review the employees and franchises performance that ensure
that brand standards are adhering will be compensated with a bonus amount of 15% of salary
additional. This will motivate the employees to adhere to the standards. In addition, the overtime
option will be provided with the opportunity of double pay (according to a number of hours) as
well as the benefit of meals and cabs will be provided. This overtime benefits will contribute in
increasing profit.
Five components of total rewards
In the components of total rewards, the below given are rewards that they will offer to your
employees: -
Compensation
 Allowances/Reimbursement
 Improved pay

Compensation and Benefits 2
Benefits
 Achievement rewards
 Paid vacation
 Overtime benefits
Work-Life Programs
 Work from home facility
 Family dinner coupons
 Get together
Performance and Recognition
 Coupons and vouchers
 Improvement in performance appraisal (Bratton & Gold, 2017)
Development and Career Opportunities
 Proper training for development
 Promotion to employees
Decisions fit with the strategic vision
The decisions fit with the strategic vision of the company are to become an innovative economic
brand that is to provide consistent and cost-effective service. The decision of the company is to
implement the best practice within the organisation, which includes the compensation and
benefits that help the company to retain employees. The adherence of guidance will make the
company innovative in offering consistent services to customers. In addition, the retention of the