Strategic Compensation Management Plan for Herb Immortal Inc.

Herb 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.