Benefits and the Compensation BudgetOrder DescriptionPhase IV: Benefits and the Compensation Budget -part of the final document-due in Week 7In this Phase IV, you will focus on benefits and the compensation budget.1.) What benefits will be offered with the company plan? Describe the benefits that will be offered. This should include details on the plan.2.) Develop a budget and projection for total compensation for five years. Project the costs for each program included in your plan for all phases in the project. Create a chart for the budget and the projection for five years. Compensation budget accurately includes all items in the compensation project.3.) Consider your percentage of sales for the organization in year one through year five. You are not required to project the company sales volume. Will the company be able to maintain the sales increases to support your proposed pay increases annually?
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