Phase I: For this project phase, students will conduct comparative research on benefit packages (as well as any other supplementary data, such as industry standards). The deliverable for this phase is to identify your comparison group(s), justify why you chose the comparison group(s) you did, and summarize your findings.

Phase II: Based on your research, determine an overall benefits budget for The Office Place and the components you recommend for your employee base. The recommended approach for this assignment is to express the budget in percentages, including the various components that will make up your benefits package. For example, a hypothetical benefits budget is 25% of the total employee payroll, and the breakdown is: 10% for health insurance, 5% for dental insurance, etc. The critical element for this phase is to ensure that justification and comparative data are provided to support and validate your recommendations for your benefits package. *The budget should include both mandatory and voluntary benefits.

Phase III: Identify how you will evaluate the success of your benefit plans, including both quantitative and qualitative measures.