Herrington specialty metal sheeting corporation of detroit

Assignment Help Business Management
Reference no: EM131189617

1. 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

Reference no: EM131189617

Questions Cloud

Identify managerial issues related to health care industry : Provide a detailed summary of your hospital's organizational structure. Include a tabulated description of the levels of professionals within the organization. Describe the duties of each major head within the organization.
Average method to forecast pretzel sales : Christie's Pretzels uses a weighted moving average method to forecast pretzel sales. It assigns a weight of 5 to the previous month's demand, 3 to demand 2 months ago, and 1 to demand 3 months ago. If sales amounted to 500 pretzels in May, 1,200 p..
Person-based plans and job-based plans : You need to develop a job evaluation plan for the organization. Describe the difference between person-based plans and job-based plans. Explain which one you would use. What factors would you consider? What is one advantage and disadvantage of eac..
Job-based point evaluation plan : Briefly describe a job-based point evaluation plan. Discuss four compensable factors that you would include in the job-based point evaluation plan. Be sure to define each factor, justify why you selected it, and provide the weights or scales that ..
Herrington specialty metal sheeting corporation of detroit : 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..
Interpretive data analysis : Find a current article from Huffington Post Infographics that includes an infographic and enter the text from the associated article into Wordle. (Note: Make sure the infographic has an associated article with it.)
How did the united states become so far in debt : Currently the United States is in debt. What is the current debt amount? How did the United States become so far in debt? If you were able to decide the tax structure, what would you choose (flat, fair, progressive) and why? Should individuals ..
Discuss the implications of each approach to application : The originating host is to put here a pseudorandom hash of all the other fields serving to identify the flow; the router can thus use any subset of these bits as a hash value for fast lookup of the flow. What exactly should the Flow Label be based..
Processes of collectivization and industrialization : What were the processes of collectivization and industrialization in the USSR? What were Stalin's goals with each of these campaigns? Were the methods Stalin used to collectivize and industrialize successful or not?

Reviews

Write a Review

Business Management Questions & Answers

  Models of organizational development

Show these three models; Force- Field Analysis Model, Cause maps and Social Network Analysis, and Difference-Integration model

  Investment criteria payback

(i) Explain why the three investment criteria payback, internal rate of return (IRR) and net present value (NPV) might have given different rankings for the two projects. (ii) Explain which of the two projects is the optimal investment project for ..

  Law of diminishing returns about effects of increase

Given that there is a fixed supply of land in the world, what implications can you draw from the law of diminishing returns about the effects of an increase in world population for food output per head?

  Personal marketing communications

Select a health care provider with which you are familiar and determine the best way for that provider to leverage word-of-mouth marketing. Explain your rationale.

  Survey the business

Identify a small business and survey the business using the seven dimensions of strategic innovation (see attached template).

  Differential costs and decision making for st. mary mills

Differential Costs and Decision Making for St. Mary Mills - St. Mary Mills, Inc. (SMM) uses high-quality looms to manufacture its textile products.

  Compliance with laws and regulatory orders

What should be included that you have not already established and what standard policies could be incorporated for UWEAR and PALEDENIM that they can utilize?

  Individual and collective identities of members

In 750-1,000 words, research and explain what factors influence the individual and collective identities of members of your selected cultural group. Selected culture group is the Islam community. Consider the following examples of important factor..

  Benefits of hyper-v

Benefits of Hyper-V

  Regression model to forecast monthly sales

Widge Corporation is planning branching out into cold beverages and you have been asked to come up with a regression model to predict monthly sales of cold beverages for next year.

  Explain what do these numbers tell you about the price level

Explain what do these numbers tell you about the price level in these three years and Compute the inflation rates for the years ended June 2007 and June 2008.

  What effect is this likely to have on matt''s job

If you are behind on your debt payments and go to a responsible credit counseling service such as the Consumer Credit Counseling Services, what help can they give you?

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