Draft a benefits and compensation plan for your organization

Assignment Help HR Management
Reference no: EM131314318 , Length: 4

Your company provides a full range of traditional benefits, medical, dental, vision, etc. You are hearing increasing complaints from your employees that these are not addressing the growing problem of reduced motivational incentive for the changing workforce.

As the HR Vice President you have been tasked with ensuring the current benefits plan is comparable to an organization that is similar to your current organization or a competitor. Alongside of benefits the compensation plan for the employees should be comparable, since the issue is really one of total compensation. How will you ensure the workforce is receiving the appropriate benefits and compensation?

The HR VP has tasked you the Benefits Manager and your peer the Compensation Manager to ensure the plans are internally and externally equitable; organizationally appropriate, and sufficiently detailed.

Draft a benefits and compensation plan for your organization. Ensure you have captured your types of employees and the packages that correspond with the employee needs, expectations and market. (Reminder per your final project instructions, that in 2018 you are expecting a mass exit of the Baby Boomer generation due to the change in Retirement benefits.)

Provide a 3-4 page (APA Format) written paper that outlines your Benefits plan and Compensation package and its communication. Make sure you include your employee groups and use key terms from Part 4 in your textbook. In conclusion, describe how you developed your solution and why it is the most appropriate of your choices.

Reference no: EM131314318

Questions Cloud

What is the temperature change of the water : The heat transfer to the pipe can be neglected, and frictional forces result in a pressure drop of 10 psi. What is the temperature change of the water?
Discuss the risks company faces and the actions they take : Using the annual report from the company that you have selected for your Final Project (apple inc.), discuss the risks the company faces and the actions they take to mitigate those risks.
What should gage b read if the turbine is delivering 600 hp : During the flow of 200 ft3 /s of water through the hydraulic turbine shown, the pressure indicated by gage A is 12 psig.- What should gage B read if the turbine is delivering 600 hp at 82% efficiency?
Draft a benefits and compensation plan for your organization : As the HR Vice President you have been tasked with ensuring the current benefits plan is comparable to an organization that is similar to your current organization or a competitor. Alongside of benefits the compensation plan for the employees sho..
Support operations and implement strategic initiatives : The resources needed to support operations and implement strategic initiatives can far surpass those available. What is the role of the board in establishing organizational priorities? How do you know which winning ideas are worth pursuing now?
Preparing an effective case analysis : The goal is to place yourself in an executive leadership role within the organization described in the case. In that role, you are responsible for aiding in the development of a long-term strategic plan for the company. This will require some additio..
Product description and first essay covering the product : 3-4 page paper based off the rubric. my product is a GPS tracker for special needs kids much like the product angel sense. I have attached my product description and first essay covering the product.
What is the companys cost of preferred stock for use : If the company were to sell a new preferred issue, it would incur a flotation cost of 4.00% of the price paid by investors. What is the company's cost of preferred stock for use in calculating the WACC?

Reviews

Write a Review

HR Management Questions & Answers

  Improve problem solving capabilities within organization

Types of teams as to their effectiveness that will improve problem solving capabilities within organizations.

  Influence tactics help in reducing organizations politics

Explain the different types of influence tactics that will be of a help “if adopted” in reducing the organizational politics.

  Report on citigroup''s hr service level agreement

Human Resources or Human Resource Management deals with HR Service Level Agreement. HR Service Level Agreement is an agreement made between the employer and the employee, which states that the employee would work under any client and sometimes any ti..

  A project report on hrm

Human Resource Management as the name suggests, it is a management discipline which deals with the human i.e. the workforce aspect of organizations. Need and practices of HRM are inevitable in present scenario of extreme competition where "Talent War..

  Hrp: recruitment and selection

Recruitment and Selection is the initial ladder of any Human Resource Planning process and contains an immense significance for any organisation.

  A project report on study of statutory complainces

Statutory compliance and its immense knowledge are crucial to be understood in an organization. It contains all the forms, procedures and acts applicable in a company.

  Operant conditioning and Reinforcement

Operant conditioning is a learning process where behaviour is controlled by its consequences. In this process an individual's behaviour can be modified through the use of positive or negative reinforcement.

  Effectiveness of training programs in achieving customers an

The main motive for conducting this research is to provide broad range of research of the literature and their reviews related to training and development and assisting the employees in providing customers satisfaction.

  A critical analysis of hr processes and practices in fedex c

FedEx is illustrious for its novel HR processes and practices that have greatly accounted for its success.

  Integrating culture and diversity in decision making

People in the organization are known as Google where they share common goals and have common vision.

  Impact of employee attrition on people management in organis

Talent management implies recognizing a person's inherent skills, traits, personality and offering him a matching job.

  Labour dissonance at maruti suzuki india limited: a case stu

This Case Study focuses on various issues related to Labour Unrest at Maruti Suzuki India Limited.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd