Identify the benefits and the risks

Assignment Help HR Management
Reference no: EM131005643

You have recently been appointed as a compensation manager in your company. In line with the HR department's vision to move from a job-based to a more performance-based compensation structure, the HR Director asks you to develop a comprehensive plan where you will have to specify the followings:

1. To identify the benefits and the risks of a performance-based compensation system for the organization. Your HR Director asked you to read three scientific papers about this specific issue and come up with a good synthesis.

2. To explain the components of your new compensation system.

3. To draft an action plan for the implementation of your new system (for each stage you will identify the action, when and how it will implemented as well as the resources that you might need)

4. Prepare a short note (10 lines) to be submitted to the Board of Management where you explain how moving from a job-based to a performance-based compensation system will help your organization attract and retain key talent.

Reference no: EM131005643

Questions Cloud

Proportion of time is the system shut down : (a) What proportion of time is the system shut down? (b) What is the (limiting) averaging number of components that are being repaired?
What would be your analysis of the current : What would be your analysis of the current /future state of the Credit Market, and the global economy using macroeconomic variables?
Average number of machines : (a) What is the average number of machines not in use? (b) What proportion of time is each machine in use?
How many moles of n-butane is in part b of the tank : The tank is heated slowly in such a way that the temperature in both parts rises at the same rate. As soon as the alarm goes off, the heating stops. Which alarm goes off, that of part A or part B?
Identify the benefits and the risks : To identify the benefits and the risks of a performance-based compensation system for the organization. Your HR Director asked you to read three scientific papers about this specific issue and come up with a good synthesis.
Components of a two-component system fail : Some components of a two-component system fail after receiving a shock. Shocks of three types arrive independently and in accordance with Poisson processes. Shocks of the ?rst type arrive at a Poisson rate λ1 and cause the ?rst component to fail. ..
What is elasticity of demand for advertising : Aztec Enterprises depends heavily on advertising to sell it's products. Management at Aztec is allowed to spend $2 million monthly on advertising, but no more than this amount. Each month, Aztec spends exactly $2 million on advertising. What is Aztec..
Find the change in unemployment rate : How do I find the change in unemployment rate? Population is the same at let's say 80 million between 2014 and 2015. Unemployment rate for 2014 in 5.4% and for 2015 it is 4.3%. Then what is the change in unemployment rate between these two years? Is ..
Determine the volume of the tank : Use the Lee-Kesler method to answer the following: 2000 kg of krypton is to be stored under pressure in a tank at 110 bar, 20 °C. The tank is designed to withstand pressures up to 180 bar. Determine the volume of the tank.

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