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Compensation program A compensation program encompasses m

A compensation program encompasses more than just a pay schedule. Compensation includes job design components and complete benefits, such as insurance and vacation, and may provide companies with a strong competitive tool in the marketplace. No compensation program is developed in a vacuum; it must take into account the unique human resource needs of the organization, the environment in which the company operates, and relevant local, state and federal legislation. While compensation programs should be reviewed on a regular basis, they should also be developed in such a way that major revisions are required only occasionally. This research suggests a compensation program for a small but rapidly growing computer software company.

XXX Corporation is a computer software development company that sells and services Computer Assisted Engineering (CAE) and Computer Assisted Design (CAD) software. The company sells and services, under licensing agreements, an established package in an exclusive territory (primarily Texas). Clients that relocate or have offices in other regions can also be serviced by XXX. The proprietary software is installed on the customers' microcomputers, or may be sold as part of a total hardware and software configuration. In this way, XXX is a combination software market and a broker of existing hardware components รน a value added reseller (VAR). In addition, XXX develops and markets their own upgrades to the CAE/CAD program. Their principal functions are sales, service, training, programming, purchasing and new product development.

The company expects to grow from 30 employees in its first year to 100 employees in its fourth and fifth years. Job classifications are as follows.

Executive level positions include the chief executive officer and owner (CEO), the chief financial officer (CFO) and the chief information officer (CIO), who is also the sales and marketing director. Knowledge workers are at ...

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Compensation program A compensation program encompasses m. (1969, December 31). In LotsofEssays.com. Retrieved 21:07, March 28, 2024, from https://www.lotsofessays.com/viewpaper/1692636.html