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Problem: Management
Scenario: You are the HR consultant to a small business employing about 40 people. Currently, the business offers only 5 days of vacation, 5 paid holidays, and legally mandated benefits such as unemployment insurance payments.
Write a 525 to 700 words consultation report on compensation and benefits, including the following:
1. Discuss with the business 3 job evaluation methods utilized to determine compensation strategy. Include the advantages and disadvantages of each method.
2. Recommend to the business 1 job evaluation method to determine compensation strategy. Include your rationale for the recommendation.
3. Recommend a minimum of 7 benefits the business should offer. Include your rationale for the recommendations.
4. Explain what signs the company might look for to know if employees are engaged.
The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.
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