Mid East Canadian Pharmaceutical Inc. Compensation Plan Project

Closed
mid east canadian pharmaceutical inc
Markham, Ontario, Canada
kamiar tehrani
Employer
(12)
4
Project
Academic experience
80 hours of work total
Student
Anywhere
Advanced level

Project scope

Categories
Employee benefits
Skills
pharmaceuticals sales research
Details

The 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.


Deliverables

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.


Mentorship

weekly meeting

About the company

Company
Markham, Ontario, Canada
11 - 50 employees
Hospital, health, wellness & medical

Medical device and pharmaceutical company since 2017, our business is primarily B2B