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You are a consultant hired by the Herrington Specialty Metal Sheeting Corporation of Detroit, Michigan to assist the HR Director in redesigning the compensation system. The organization has just gone through an acquisition of a smaller metal sheet company with similar products. Herrington has grown from 80 to 100 employees as a result. You are scheduled to meet with the HR Director and begin to discuss what will have to be considered. You plan to tell her about the strategic pay policies and pay models. Describe four strategic policy decisions that will have to be made in designing her compensation system. What are these strategic pay policies and how will they be relevant to the organization? In addition, indicate what goals a compensation system should have.
The four strategic policy decisions that one must make when creating a compensation system are intemal alignment, external competitiveness, employee contributions, and management. A compensation system should include efficiency, fairness, and compliance.
Develop a meeting agenda for an upcoming meeting. Develop a meeting goal or goals, and identify the sequence of agenda items. After you have written your agenda, write a brief explanation of why you structured your agenda as you did.
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Cathy is a recently hired employee in the HR department at a healthcare organization. She believes the organization would benefit if it could reduce the rates and severity of accidents and stress-related illnesses among its employees. List the argume..
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