1. You will be asked to evaluate whether a company’s pay structure is fair to women and minorities. How would you go about answering this question? 2. You have been asked to evaluate whether your organization’s current pay structure makes sense in view of what competing organizations are paying. How would you determine what organizations to compare your organization with? Why might your organization’s pay structure differ from those in competing organizations? 3. Why do employers offer benefits? Is it because the law requires it, because it makes good business sense, or because it is the right thing to do? How much responsibility should employers have for the health and well-being of their employees? Take the perspective of both a shareholder and an employee in answering this kind of question. 4. If you were advising a new company on how to design its health care plan, what would you recommend?

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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1. You will be asked to evaluate whether a company’s pay structure is fair to women and minorities. How would you go about answering this question?
2. You have been asked to evaluate whether your organization’s current pay structure makes sense in view of what competing organizations are paying. How would you determine what organizations to compare your organization with? Why might your organization’s pay structure differ from those in competing organizations?
3. Why do employers offer benefits? Is it because the law requires it, because it makes good business sense, or because it is the right thing to do? How much responsibility should employers have for the health and well-being of their employees? Take the perspective of both a shareholder and an employee in answering this kind of question.
4. If you were advising a new company on how to design its health care plan, what would you recommend?

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