Explain the components of your new compensation system

Assignment Help HR Management
Reference no: EM131030353 , Length:

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.

Attachment:- HRM Project.rar

Verified Expert

Reference no: EM131030353

Questions Cloud

The black death plague hit europe in the mid : Background to the assignment: The Black Death Plague hit Europe in the mid-1300s, resulting in the death of as much as a third of the population. We have seen how events such as this within a culture can have a tremendous effect on that culture.
Summary of bowling alone and neighborhood unit : Summary of "Bowling Alone" and "Neighborhood Unit"
The age gold: california gold rush : The Age Gold: California Gold Rush and New American Dream tells stories of the great fortunes made and of great fortunes lost by hundreds now forgotten by history and also tells the profound effect of the Gold Rush on the way Americans viewed their d..
Discuss the concept of transportation demand : Discuss the concept of transportation demand in relation to derived demand and its importance in the area of transportation for shippers and carriers. Provide at least two examples. Explain the difference between elastic and inelastic demand.
Explain the components of your new compensation system : 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.
Write a biography of an important figure in aviation : Write a biography of an important figure in aviation. Only 3-5 Paragraphs
Was airpower decisive in winning world war ii : Was airpower decisive in winning World War II? Defend your answer.
Control charts are monitoring schemes : Control charts are monitoring schemes, widely used in operations and manufacturing environments, to determine when a process is “in-control” and in the presence of only common-cause variation. Give an example of an application of control charts in an..
Write a biography of an important figure in aviation : Write a biography of an important figure in aviation.

Reviews

Write a Review

HR Management Questions & Answers

  Explanation of the role of the hr manager

Explanation of the role of the HR manager - What do you think about below quote as a HR manager?

  Alternative expansion strategies for damar international

Evaluate alternative expansion strategies for Damar International in the United States

  Clarification of balanced scorecarda balanced scorecard isa

clarification of balanced scorecarda balanced scorecard isa a chart showing all of the costs compared to budgeted

  Theoretical models of training evaluation

In what ways might theoretical models of training evaluation be difficult to put into practice? Illustrate your answer by making reference to your chosen organization.

  Property-contracts and companies

Evaluating Thompson v. Voldah as government takes on more and more functions, explain if it makes sense for the rules to be different for private contractual parties especially when the contract states (as with "duly authorized"). Support your pos..

  Should adobe establish a policy for granting flexible work

Should Adobe establish a policy for granting flexible work schedules? Explain. If you answered yes, what might that policy contain? If you were Janis Blancero, how would you resolve this dilemma? Explain

  Discuss how the internet is changing the way

Question: The internet is a part of our daily lives. Discuss how the internet is changing the way we think today and in the future. -Please remember that you will need to have at least Four (4) varying references. For example: Journals, WebPages, ..

  Important information about self-managed teamsdo you know

important information about self-managed teamsdo you know any leader in your workplace who would embrace self-managed

  Which theory best fits your ethical perspective which

henry manne believed that companies cannot become too incompetent or corrupt as eventually their share price would fall

  What were the consequences of a failure to report

What were the consequences of a failure to report? What impact did his decision have on patient safety, on the risk for litigation, on the organization's quality metrics, and on the workload of other hospital departments

  Important for hr and compensation professionals

Why is it important for HR and compensation professionals to learn about compensation practices in other parts of the world? Support your answer.

  Describe a recent commercial or other form of advertising

Describe a recent commercial or other form of advertising you recently viewed that did not effectively communicate the benefits of the product or service. What could they have done better within their marketing communications?

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