Reference no: EM13785919
Recognizing Employee Contributions
You are the HR manager of a relatively new retail company that has both retail stores and Internet sales. Your company is steadily growing in revenue and profitability. The company realizes that in order to retain the solid, highly productive workforce it currently has in place, it is important to enhance the base compensation and benefits package offered to the employees. The company currently offers a basic compensation program and only federally mandated benefits. Employee surveys suggest the compensation and benefits program may be out of date. Employees are beginning to consider leaving the organization.
Write a six to eight (6-8) page paper in which you:
1. Propose two (2) methods an HR professional could use to determine incentive pay. Specify the principal manner in which theproposed methods take into consideration individual, group, and company performance.
2. Examine the core legal requirements affecting employee benefits in today's competitive environment. Determine the legally mandated benefits that the company must currently offer to its employees.
3. Recommend at least four (4) additional benefits that the organization should consider providing to its employees. Suggest at least three (3) important concepts that a company must consider when designing benefit plans.
4. Assess the efficiency of common techniques for effectively communicating compensation and benefit plans to employees.
5. Suggest two (2) ethical risks of making incentive pay a large portion of employees' total compensation. Propose two (2) recommendations for ways the company might mitigate or reduce these risks.
6. Use at least four (4) quality academic (peer-reviewed) resources in this assignment
Your assignment must follow these formatting requirements:
• Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.
• Include a cover page containing the title of the assignment, the student's name, the professor's name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.
The specific course learning outcomes associated with this assignment are:
• Examine the influences on and various approaches to compensation.
• Analyze issues related to developing and implementing employee benefit packages.
• Apply relevant theories and knowledge to human resource practices in organizations.
• Use technology and information resources to research issues in human resource management foundations.
• Write clearly and concisely about human resource management foundations using proper writing mechanics
Differences between the adult and juvenile justice systems
: How do these cases affect how the law is applied to juveniles? Are there other differences between the adult and juvenile justice systems that would indicate juveniles have modified or more restricted rights when dealing with the juvenile justice ..
|
Cut your price to fill the theater
: You own a theater with 200 seats. The demand for seats is Q = 300 -100P. You are charging $1.25 per ticket and selling 175 seats. Your costs are fixed and do not depend on the number of people attending. Should you cut your price to fill the theater?
|
Fixed costs for setting up production-breakeven volume
: A company is considering producing an item that can be sold for $380 per unit. The fixed costs for setting up production are $225,000 and the variable cost per unit for the item using current materials is estimated to be $350. If the company is able ..
|
Patient protection and affordable care act
: Do you feel that more people will benefit or that more will suffer as a result of this policy
|
Assignment on how to recognizing employee contributions
: Normal 0 false false false EN-US X-NONE X-NONE Recognizing Employee Contrib..
|
Assist in setting admission prices
: The local space museum has hired you to assist in setting admission prices. As the manager, you recognize that there are two distinct demand curves for admission. One applies to people ages 15 to 64 whereas the other is for children and senior citize..
|
Calculate the predetermined overhead rate
: Calculate the predetermined overhead rate under the traditional costing system. Calculate the activity rate for Engineering.
|
How many workers should the manager hire
: 1 a. A restaurant has three types of customers. A third of its customers, Type A, are willing to spend $5 on an appetizer but only $2 on a dessert. Another third, Type B, are willing to spend $3.50 on an appetizer and $3.50 on a dessert. The remainin..
|