Compensation and Promotion Plan to Promote Goal

COMPENSATION AND
PROMOTION PLAN TO
PROMOTE CORPORATE
GOALS IN
ORGANIZATIONS.

Total Rewards Strategies
The total reward system is designed not only for
the financial compensations but the personal
and professional growths as well.
 Compensation: Incentives, base pay, merit pay,
pay increase and promotions
 Benefits: Paid time off, Health and Welfare
schemes, Retirement plans
 Personal growth: Career development, training,
performance management

Formation of project Team
 Assembling the right team for the
project increases the chance of success
 The first step towards building the right
team is o select the team leader
 There might be the requirement of
selecting people outside the known
team to get additional support in
technical or management skill issues.
 The last important thing is
communication the project objective
and assigning the role of individual in
the team.

Implementation of
compensation and
promotional system: StagesAssessment
Design
Execution
Evaluation