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COMPENSATION ADVISORY ORGANIZATION OF MICHIGAN WORKERS COMPENSATION PLACEMENT FACILITY P.O. Box 3337 Livonia, MI 481513337 PHONE: (734) 4629600 FAX: (734) 4629721 Internet Website: www.caom.com Email:
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Compensation advisory organization provides guidance and recommendations on compensation practices within an organization.
Organizations or companies that want to ensure fair and competitive compensation for their employees.
The organization must gather relevant data on compensation practices, analyze it, and make recommendations based on the findings.
The purpose is to ensure that employees are fairly compensated for their work and to maintain competitiveness in the job market.
Information such as salary ranges, bonus structures, benefits packages, and benchmarking data from similar organizations.
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