This needs to revolve around the example of a sporting goods store.

• Describe how you will use performance appraisals in compensation decisions.
  • Discuss the use of performance metrics.
  • Determine the philosophy for merit guidelines.

Determine an employee benefits plan.

• Discuss the components to be considered in your overall benefit plan. Include the following in your discussion:
• Employer factors such as total compensation costs, cost of benefits, competitor offerings, role of benefits, and legal requirements.
• Employee factors such as equity/fairness and personal needs.
• How you will manage cost containment.
• Provide a checklist that ensures you are including all legally required benefits.

Answer rating: 100% (QA)

In the context of a sporting goods store performance appraisals play a crucial role in compensation decisions Firstly they provide a structured framework for evaluating employees job performance again... View the full answer