Reference no: EM131252967
Business Compensation & Benefits Management
Attracting and retaining the most talented employees is essential for long-term organizational success. An important component to attracting and retaining such employees is the design and implementation of an effective compensation and benefit system.
Assume the role of a highly regarded human resource consultant hired to review, analyze, and revise the compensation and benefit system utilized by your city's largest employer, Holland Enterprises. The firm employs 3,500 employees, but since 2010 has lost 25% of its staff. Exit interviews indicate the primary reason a majority of these employees have resigned is because of a compensation and benefit system that is perceived to be unfair and uncompetitive in the marketplace.
Present to the management a revised compensation and benefit strategy. Your proposal should include:
• Description of how an effective compensation and benefit system contributes to organizational effectiveness.
• Explanation of the principle components of your revised compensation and benefit system for a large-scale organization as well as a recommendation for each component.
• Provision of a clear and convincing argument to the already skeptical top managers of this organization to increase their compensation and benefit expenses.
At a minimum, your compensation and benefit system would include the following components:
• Compensation and benefit philosophy
• Pay structure architecture (pay grades, pay ranges, and pay width)
• Ratio of base pay to incentive (bonus) pay
• Emphases on external equity or internal equity
• Principle type of benefits to include (example: deferred compensation match, health insurance, vacation and sick leave, etc.)
Guidelines for Writing the Final Paper
• Paper must be 2500-3500 words in length, exclusive of Title Page, References Page, Appendix, References, Exhibits, etc .
• Formatted according to APA style as outlined in the approved APA style guide (including title page and reference list).
• Must address the topic of the paper with critical thought.
• Must include an introductory paragraph with a succinct thesis statement.
• Must conclude with a restatement of the thesis and a conclusion paragraph.
Write a brief summary of the functions of the eeoc
: Write a brief summary of the functions of the EEOC in one paragraph. A description of the compliance issue that led to the lawsuit and its ramifications for the organization.
|
What value would you use for the standard
: Each operator completes the job twice at different times during the week, and the following results are obtained. What are your conclusions about the use of a common time standard for all jobs in this class? What value would you use for the standa..
|
Determining the call date
: Find the Yield-to-Call on a Semiannual Coupon Bond with a Price of $1085, a Face Value of $1000, a Call Price of $1069.5, a Coupon Rate of 6.95%, 18 years remaining until Maturity, and 10 years remaining until the Call Date.
|
Research essay-to stop cheats colleges learn their trickery
: Research Essay One: Choose one NY Times article (1 of 3) to read and summarize for next class.
|
How an effective compensation and benefit system contributes
: Present to the management a revised compensation and benefit strategy. Your proposal should include: Description of how an effective compensation and benefit system contributes to organizational effectiveness.
|
Create a bcg matrix and place the primary product lines
: Label the market share and market growth axis values based on your research. If your firm has a large portfolio, select one brand to illustrate each major division. Summarize your findings and recommend how marketing should allocate resources base..
|
Determining the call date
: Find the Yield-to-Call on a Semiannual Coupon Bond with a Price of $1085, a Face Value of $1000, a Call Price of $1069.5, a Coupon Rate of 6.95%, 18 years remaining until Maturity, and 10 years remaining until the Call Date.
|
Derive the expected mean squares
: Derive the expected mean squares for a balanced three-stage nested design, assuming that A is fixed and that B and C are random. Obtain formulas for estimating the variance components. Assume the restricted form of the mixed model.
|
Better risk adjusted return
: You are an analyst comparing the performance of two portfolio managers using the Sharpe Ratio measurement. Manager A shows a return of 20% with a standard deviation of 16%. Manager B shows a return of 13% with a standard deviation of 7%. If the ri..
|