Running Head: Compensation and Benefit Package Planning 1 Compensation and Benefit Package Planning 2 Compensation and Benefit Package Planning Introduction Recently, I have been appointed to manage the Human Resource and to manage a small team. The company's next project is revamping the compensation and benefits package and assists in designing a working plan for the human resource project. As a result of this, I have decided to establish a project charter to help revamp the package and create a communication plan to be used during the project implementation process. By so doing, I would initiate a scope definition of the project and come up with a breakdown structure which includes very ell numbered elements. The Project Charter To revamp the compensation and benefits package, one should first establish the strategy and objectives of compensation. He or she should also ensure that the description of the job is correct and up to date followed by developing the structure of payment and finally communicate the plan (Kloppenborg, Tesch & Manolis, 2014). Compensation and benefits are a vital element in an organization. This package helps in attracting potential employees to the organization as well as helping to retain current employees to assist with the company's productivity. Previously, this organization had failed in its pursuit to keep its employees and to offer competitive packages to the same workers. Where competitive packages lack especially in an organization, there is possibly a lack of employees’ motivation towards performing their jobs. Lack of motivation in a firm is unhealthy since it hampers the company from achieving its desired goals due to low or no productivity at all (Kloppenborg et al., 2014). A compensation and benefits package include the combination of rewards which are given to the employees by a company to boost their trust and hope in the firm and to increase their job-related functions and quality of production within the organization. As the head of human resource management, construction of a project charter is of greatest importance in restructuring the previously ineffective compensation and benefits package in this company. A project charter will serve as an informal contact tool linking the project sponsors to the project team which is involved in the implementation of the actual project. The project charter, in this case, will, therefore, make sure that the resulting plan is competitive and successful (Marnewick, 2018). It will define the types of requirements which should be accomplished and make a decision on how the project will be carried out right from the beginning to the end. Moreover, the charter will issue the organization with an understanding commitment as well as authorization. To strengthen the package which was previously used by this company, the table below is used as the most appropriate charter. Project tittle Employees’ compensation and benefit Situational analysis AmeriCorps ha.