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2. The final version of your entire project is due at the end of this module. Th
2. The final version of your entire project is due at the end of this module. This version will include revisions based on instructor feedback to Milestones One and Two. Note: The final project also includes a new pay mix section, below. This is not included in Milestones One and Two and must be completed prior to submission. Pay Mix: A pay mix is a company’s relative distribution of compensation components such as base pay, merit, incentives, benefits, etc. (Gerhart & Newman, 2020). Different job grades may have different pay mixes. For example, executives often have a higher percentage of long-term incentives. Pay mixes are often illustrated in a pie chart. Below is an example of a pay mix pie chart. Note: numbers used are not from the data in this case study. A pie chart which is in a circle format represents pay mix in the form of base pay which contains half of the circle in fifty three percent it is in dark blue color. Yellow color represents benefits in thirty two percent. Grey color represents Short-term incentives which acquires twelve percent and Light-yellow color represents Long-term incentives acquires only three percent. Create a pay mix for each job family, illustrated in a pie chart. Provide a rationale for each pay mix, connecting your decision to the company’s strategic goals. In addition, provide at least three examples of employee benefits you recommend the company propose in their total compensation package. Refer to the Add a Pie Chart resource in this module’s Reading and Resources section if you have not created a pie chart using Excel data. Submit your assignment here. Make sure you’ve included all the required elements by reviewing the guidelines and rubric.
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