Viso Energy Drink
Compensation Administration is the systematic approach to determining the forms of pay that an employee should receive. A strategic pay strategy helps employers in recruitment, employee retention, and creates the perception of a fair and equitable workplace among employees. A Compensation Manual is the comprehensive documentation of the process used to create the pay strategy.
This manual was my first exposure to Compensation as a discipline. Developing a pay structure helped me strengthen my intellectual flexibility by challenging me to explore new methods of data collection, analysis and reporting than I was used to. As a Psychology major, I am used to reporting in APA style, so it took me out of my comfort zone to create such a robust project outside of this style. By doing so, I feel that I have strengthened my flexibility, reliability and integrity.
This project was completed within the confines of a strict 16 week deadline. In order to successfully do that, I had to quickly familiarize myself with the discipline, including prominent theories, terminology, and best practice. The flexibility to adapt to imposed deadlines is a great skill to posses in the workforce.
I dedicated a great amount of time to conducting research on theories, case studies, and best practice to learn the proper terminology and background information to make informed decisions. As a result, I am confident in the recommendations I made to Viso Corporation.
As previously mentioned, this project was given a strict deadline. In order to ensure quality results, no shortcuts were taken. I spent the time consulted a number of resources to make sure I had the most accurate and up-to-date information.