How would market research provide information about

Assignment Help HR Management

Reference no: EM133458852

Case Study: The Lollipop Company, Inc. needs your help with the current compensation and benefits plan. Leadership expects you to use your evaluation skills, combined with or built upon your knowledge, application, and/or analysis skills, to help solve this dilemma. The current plan is viewed as fair by the CEO and Leadership but several employees have complained it's not enough. The current employee status is as follows:

1 CEO with a base salary of $150,000 and benefits that equal 40% of the salary
3 additional executives (senior management) with a combined base salary of $300,000 and each receives benefits that equal 35% of the salary
6 middle management personnel with a combined base salary of $420,000 and each receives benefits that equal 30% of the salary
10 first-line supervisors with a combined base salary of $500,000 and each receives benefits that equal 25% of the salary
150 non-supervisory employees with a combined base salary of $4,500,000 with an average individual salary of $30,000 and each receives benefits that equal 25% of the salary.

Questions: For this project assignment on Lollipop Company, Inc. compose a business professional report selecting and organizing expert information that is useful for a CEO and addresses the following concepts:

FMLA and workplace safety
How would market research provide information about compensation and benefits when designing a compensation and benefits plan? How should the CEO use this market research for the company's plan?
How does the company achieve a balance between financial and non-financial compensation and benefits?
What type(s) of primary and secondary research would you recommend be conducted? What are the benefits? Explain.

Reference no: EM133458852

Questions Cloud

What would be a good venue for the training course : what would be a good venue for the training course including details considered in the selection process and how the venue supports the training activities

??what is the benefit of having an organizational training : ??What is the benefit of having an organizational training program? ??Who are the stakeholders in creating a training program? ??Why are training programs

Analyze changes in world economy : Analyze changes in the world economy over the past 30 years. What are the implications of these changes for UK-based international companies?

Compare and contrast the respective leadership strategies : Compare and contrast the respective leadership strategies and offer constructive criticism of the advice and recommendations

How would market research provide information about : How would market research provide information about compensation and benefits when designing a compensation and benefits plan? How should the CEO use this

How to successfully Master Career in STEM : What did you learn from the event " How to successfully Master a Career in STEM" which you attended and how will you apply

Consider the impact on the different cultures, races : Consider the impact on the different cultures, races, protected classes, and the policies that are currently in place related to environmental practices.

Which judicial foreclosure proceeds are distributed : What is foreclosure? What is the order in which judicial foreclosure proceeds are distributed? What is strict foreclosure? What are the two forms of redemption

Employees who describe the workplace as non-inclusive : who describe the workplace as non-inclusive often feel this element of being an "outsider. Based on your own experiences, describe what "outsider" means.

User Account

All Pages