Compensation and Benefits Plan Executive Summary

Executive Summary SMC Company, in an effort to be competitive in the local labor market, needs to establish and bring to the forefront an aggressive compensation and benefits package for its current and future employees. It is imperative that SMC be able to provide a wide variety of compensation and benefits to stabilize its work force and provide for long term relationships between employer and employee. The benefit of having a comprehensive package will provide …

…the organization, thus minimizing the cost of replacement employees. SMC has a benefits package in place that is competitive to the market. It will ensure the company achieves its goals during the expansion period, and will offer continued competition in the market. An annual review will be necessary in order to remain competitive in the rapidly changing market. Upon the review SMC holds the right to make changes as necessary in order to remain competitive.