HRM 531 Wk 3 Compensation Benefit

Develop a financial plan to feasibly meet our budget constraints (KMAONE, 2013). In order to maintain an in-house

The plan should be for a minimum of 6 months. A template is available at

carefully planned out and considered, the total closure or failure of the organization could be at hand in the near future. In our modern age, employers know that salary is not the only factor that should be considered and that salary alone will not lead to better or more highly profitable workers alone. This is why compensation planning is important and why pay should have some connection between performance and compensation. This is why the human resources department should consider many monetary and non-monetary factors when considering how to properly compensate and motivate employees (Dessler, 2013).

order to continue achieving these results our company is looking to expand employee benefits by adding

It has been shown that employees who have a high satisfaction rate on the job or with the company that they work for, are less likely to leave the company that they work for compared to those who have a less satisfaction rate (Hellawell, 2012). As mentioned earlier, this would result not only in cost savings, but it would improve the overall relationship between the employee and the company. Employees that are committed and satisfied are not only not going to leave, they would also be able to contribute more and be more effective and efficient.

Hire and train more staff, retrain the old staff, provide regulatory and policy guideline and security of job. Restore working conditions including overtime and health insurance.

Supported and empowered by VetPride’s executive leadership our proposed implementation plan is essentially flawless. Our executive leadership team plays an active role during implementation and throughout the duration of the contract to ensure the customer’s complete satisfaction with the services provided. Renowned by exceptional attention to customer service and operational detail, VetPride is by far the best choice. We maintain this distinction by rigorous standards of recruiting, hiring, training, evaluation, and ongoing empowerment. VetPride is committed to a partnership with our clients by providing efficient and convenient parking services. We focus on adaptability and responsiveness to our customer’s needs. We strive to conduct ourselves and serve our clients and customers with unwavering dedication and integrity. Currently, VetPride successfully manages and operates the 20 VA Medical Centers throughout the United States and has zero unresolved claims for personal or property damages. We are committed to the healthcare industry and highly motivated to take Stratton VAMC parking operations to new levels of customer service and success. We welcome the opportunity to do so. As a leader in the healthcare parking operations, VetPride has extensive experience in implementing valet parking service programs ranging from simple to complex operations for hospitals. We would begin by forming a start-up team composed of VetPride and the Stratton VAMC management. The intention of the start-up team will be to provide a smooth transitional and successful introduction of our Company to support the hospital facility. The strategy is to share pertinent information, develop procedures agreeable to both parties,

Capstone Q1-Industry Benefits Comparison: As stated above, the method used for the industry employee benefits package comparison was a comparative analysis. To organize the data it was broken into themes and coded. Presented here are the five resulting tables, including a short data analysis for each. In addition to the listed tables, a scatter plot figure was added for visual representation of the assigned values totals for each company, including every category; however total scores will be announced later.

The Mercedes-Benz U.S. International (MBUSI) is located in Vance, Alabama employs over 4,000 people. This organization has created thousands of others jobs by association in the area and has contributed billions of dollars of other commerce do to its presence in Alabama. This company’s story began in Alabama in 1997. It began producing only one model and after such a great response to the vehicle it increased its production with other models in 2004. Since the inception of the organization into the state there has been only one layoff. Employees make some of the highest wages in Alabama at this organization. There are generous bonus packages and vacations. MBUSI

With a wide range of limos to choose from the Escalde Limo is a great catch for you. A ride in this limo means life experience with one of the gigantic travel vehicles you would pick in the world. Offering the limo from our vast range of limos definitely helps you get variety from us. If your plan entails only one of its kind occasions that your dear ones will appreciate use the Escalde Limo for transportation. The experience will definitely have the desired impact since the limo is utmost amazing, highly valued and appreciated as classic by many

This job may require travel more than 60 percent of the time. Would you be able to do this as necessary?

In the last 10 years, Microsoft has had to make several changes to their benefit package in order attract and retain quality employees, guarantee the company’s long term success, and to more closely align the interests of the employees and shareholders (Microsoft). The first part of these changes came in 2003, when the company began offering Stock Awards. Employees are “awarded actual shares of stock as part of their compensation, rather than options to buy

From my perspective, I would expect to have overtime, vacations and unemployment insurance that add on into my salary package. It will motivate me on my job performance; increase my productivity as well as being more creative and willingness to take risks. For the superfluous issue, I would recommend to add equivalent of money into my tuition reimbursement instead of the parking reimbursement because most of the employees do not have car and their main transportation is motorbike.

The purpose of employee benefits is to compensate employees not only for their hard work but to endorse loyalty while keeping cost low. There are a few things to consider when putting together a plan for employee benefits. One thing to consider is the benefits that are mandatory according to the law. Social Security, for example, is arranged in the future for those who are planning to retire with the exception of state and federal employees who have been offered their own plans. (Noe, Hollenbeck, Gerhart, & Wright, 2011) Another thing to consider is Worker’s Compensation and Unpaid Family and Medical Leave. Worker’s Compensation is programs that ensure that employees receive benefits if they cannot perform their job due to an injury that occurred

The position will also offer other employee benefits and allowances as a motivation for the workforce. The company will offer medical insurance where the employees will be sponsored for half the amount incurred as medical expenses. The medical cover offered by the company also covers the immediate