Strategic Compensation Management Plan for Herb Immortal Inc.
Project scope
Categories
Employee benefits Compensation analysis Employee retentionSkills
compensation management benefits administration compensation strategy employee satisfaction surveys benchmarkingHerb Immortal Inc. seeks to collaborate with Durham College’s Human Resources students to develop a comprehensive and strategic compensation management plan. The primary goal is to align the compensation strategy with the company's mission and growth objectives, ensuring compliance with relevant legislation while promoting employee satisfaction and retention. The project involves analyzing current compensation practices, conducting wage surveys, and evaluating benefits administration. By doing so, students will provide actionable recommendations to optimize Herb Immortal's compensation framework, helping the company maintain a competitive edge in the industry. This project offers students an opportunity to apply their classroom knowledge to real-world scenarios, enhancing their understanding of compensation management and strategic HR practices.
- A detailed report analyzing Herb Immortal's current compensation practices.
- Results from wage surveys and benchmarking against industry standards.
- An evaluation of the current benefits administration.
- Actionable recommendations for optimizing the compensation framework.
- A strategic compensation management plan that aligns with Herb Immortal’s mission and growth objectives.
Scheduled check-ins to discuss progress, address challenges, and provide feedback.
Supported causes
The global challenges this project addresses, aligning with the United Nations Sustainable Development Goals (SDGs). Learn more about all 17 SDGs here.
About the company
At Herb Immortal, we’re committed to revolutionizing holistic wellness by blending the wisdom of traditional herbal remedies with cutting-edge AI technology. Co-founded by entrepreneurs deeply invested in advancing natural health, we’ve built a platform that empowers individuals with personalized wellness insights, access to high-quality herbal products, and expert consultations. Our flagship product, MyHerbalShop.ai, connects consumers and health practitioners in an AI-driven marketplace designed to make natural health solutions accessible and impactful. With Herb Immortal, we aim to inspire a global community toward healthier, balanced living through the powerful synergy of nature and technology.