Mid East Canadian Pharmaceutical Inc. Compensation Plan Project


Project scope
Categories
Employee benefitsSkills
pharmaceuticals sales researchThe main goal of this project is to create a comprehensive compensation plan for the new sales role in health care for Mid East Canadian Pharmaceutical Inc. This will involve several different steps for the students, including:
- Researching the current market for health care sales roles and understanding the competitive landscape.
- Developing a compensation plan that is competitive and attractive to potential sales employees.
- Creating a budget for the compensation plan and determining the cost of the plan.
- Developing a strategy to ensure the plan is implemented and maintained.
- Researching and understanding the legal and regulatory requirements of the compensation plan.
By the end of the project, students should demonstrate:
- Understanding of the current market for health care sales roles and the competitive landscape.
- Creation of a comprehensive compensation plan that is competitive and attractive to potential sales employees.
- Development of a budget for the compensation plan and determining the cost of the plan.
- Creation of a strategy to ensure the plan is implemented and maintained.
- Understanding of the legal and regulatory requirements of the compensation plan.
Final deliverables should include:
- A written report outlining the research, findings, and recommendations for the compensation plan.
- A presentation summarizing the research, findings, and recommendations for the compensation plan.
weekly meeting
About the company
Medical device and pharmaceutical company since 2017, our business is primarily B2B