Outline the process that you will use to develop an internally consistent compensation system  

Instructions

Imagine that you are the human resources (HR) manager at a small start-up company, and your company has just been awarded a new contract that is requiring a huge increase in the organization’s workforce. As a result, you have been asked to outline the process that you will use to develop an internally consistent compensation system and present it to the owners of the company for approval.

Create a two-page essay in which you address the following issues:

The reasons why an internally consistent compensation system is necessary and

The process involved in creating an internally consistent compensation system.

Make sure that your essay includes enough information to convince the owners that the time, effort, and manpower that this process will take will be worth it to the company in the long run. Please be sure that all sources used, including your textbook, are cited and referenced properly using APA formatting.

Textbook:

Martocchio, J. J. (2017). Strategic compensation: A human resource management approach (9th ed.). Hoboken, NJ: Pearson.