B-D only Scenario #2: Compensation and Benefits AdministrationYou just finished analysing information for the current compensation and benefits program information. You find thatsome changes should be made, as the majority of employees (you have 120 employees) are unhappy with what isbeing offered. In fact, the plan had not been revised in over fifteen years, making it dated and definitely ready forsome changes.One of the major points of contention is the Paid Time Off (PTO) the organisation offers. Employees feel the currentsystem of sick time and vacation time offers too few options. For example, one employee says, "I often come to worksick, so I can still have my vacation time for my vacation." Another employee says, "I have given nine years to thisorganisation, but I receive only three days more than someone who has just started."Here is the current PTO offering:1+ year7 days5+years10 days10+ years 14 days.Adapted from: University of Minnesota Libraries Publishing (2016)Question 2 Instructions:This assignment should be submitted as an essay and include the following:a. Definition of compensation package.b.What four cost considerations would you take into account when revising the PTO section of yourcompensation plan?C. What four other considerations you would you take into account when developing a new PTO plan?d. Propose a new plan to the board of directors. The plan should be in the form of a table (spreadsheet),including PTO and other employee benefits.

Compensation and rewards are paid to employees in exchange for the services delivered for the…

Answered: This assignment should be submitted as…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 21P

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Scenario # 2: Compensation and Benefits AdministrationYou just finished analysing information for the current compensation and benefits program information. You find thatsome changes should be made, as the majority of employees (you have 120 employees) are unhappy with what isbeing offered. In fact, the plan had not been revised in over fifteen years, making it dated and definitely ready forsome changes.One of the major points of contention is the Paid Time Off (PTO) the organisation offers. Employees feel the currentsystem of sick time and vacation time offers too few options. For example, one employee says, “I often come to worksick, so I can still have my vacation time for my vacation.” Another employee says, “I have given nine years to thisorganisation, but I receive only three days more than someone who has just started.” Here is the current PTO offering:1+ year 7 days5+years 10 days10+ years 14 days. Question a. Give a Definition of compensation package.
Scenario # 2: Compensation and Benefits AdministrationYou just finished analysing information for the current compensation and benefits program information. You find thatsome changes should be made, as the majority of employees (you have 120 employees) are unhappy with what isbeing offered. In fact, the plan had not been revised in over fifteen years, making it dated and definitely ready forsome changes.One of the major points of contention is the Paid Time Off (PTO) the organisation offers. Employees feel the currentsystem of sick time and vacation time offers too few options. For example, one employee says, “I often come to worksick, so I can still have my vacation time for my vacation.” Another employee says, “I have given nine years to thisorganisation, but I receive only three days more than someone who has just started.” Question: Here is the current PTO offering:1+ year 7 days5+years 10 days10+ years 14 days. Question a.What four cost considerations would…
Scenario # 2: Compensation and Benefits AdministrationYou just finished analysing information for the current compensation and benefits program information. You find thatsome changes should be made, as the majority of employees (you have 120 employees) are unhappy with what isbeing offered. In fact, the plan had not been revised in over fifteen years, making it dated and definitely ready forsome changes.One of the major points of contention is the Paid Time Off (PTO) the organisation offers. Employees feel the currentsystem of sick time and vacation time offers too few options. For example, one employee says, “I often come to worksick, so I can still have my vacation time for my vacation.” Another employee says, “I have given nine years to thisorganisation, but I receive only three days more than someone who has just started.” Here is the current PTO offering:1+ year 7 days5+years 10 days10+ years 14 days. Question: a. What four other considerations you would you…
Case ScenarioIt was another bright sunny Monday morning and as usual we had to meet to decide on our strategy for the week. After waiting for close to 30 minutes, Chairman Michael arrived in the Boardroom and apologized even before announcing his “goodie goo-goo morning” greeting. We all responded cheerfully as we were eager to have him lead the meeting. This time round, it was not the normal business. Usually, he would ask about our targets for the week and strategies for achieving them, as well as assessment of the potential risks and benefits. He informed us that the company’s Board expects new work design by considering the COVID-19 safety protocols so that inasmuch as we strive to keep safe, we do not lose focus of our company’s vision. Ghana recorded its first cases of COVID-19 in March 2020 and since then the business of government, corporate entities and other smaller businesses have been impacted significantly. Although there was a lockdown at a point and restriction of…
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Task 1 Look at the statements below and indicate the type of feasibility for each statement. A. Based on the future cost of support and maintenance, TCO will be very high. B. The network will not be ready until next year, which might be too late. C. Expensive training will be required. D. The current system is well liked and effective, and users see no need for change. E. The hardware is unreliable and will not integrate with other company systems. F. The new system will cause a workforce reduction, and employees are very concerned. G.The platform does not have capacity for future needs, and cannot be expanded. H. The project does not meet the company policy for acceptable return on investment. I. The projected benefits do not outweigh the estimated costs. J. The software will not be available until May, and that will cause an unacceptable delay. Task 2 Visit the website of a major company of your choice. Using information from the website and related articles, conduct a SWOT analysis…
Case Scenario It was another bright sunny Monday morning and as usual we had to meet to decide on our strategy for the week. After waiting for close to 30 minutes, Chairman Michael arrived in the Boardroom and apologized even before announcing his “goodie goo-goo morning” greeting. We all responded cheerfully as we were eager to have him lead the meeting. This time round, it was not the normal business. Usually, he would ask about our targets for the week and strategies for achieving them, as well as assessment of the potential risks and benefits. He informed us that the company’s Board expects new work design by considering the COVID-19 safety protocols so that inasmuch as we strive to keep safe, we do not lose focus of our company’s vision. Ghana recorded its first cases of COVID-19 in March 2020 and since then the business of government, corporate entities and other smaller businesses have been impacted significantly. Although there was a lockdown at a point and restriction of…
Jaronda is a member of a dance team. As a fundraiser, she and the other members of the team decide that she will use the team's money to buy flowers in bulk, sell the flowers individually to students with her school's permission, and return the team's money plus any profits she makes, What is the MOST accurate name for aronda's role? O A. project manager © B. network facilitator O C data manager O D. systems operator
Embattled Mango might have proposed rescue plan ready by the end of October -Low-cost airline Mango's first meetings as part of its business rescue process took place on Wednesday, with employee representatives and creditors being briefed on the steps ahead. Among other things, employees expect to be paid their outstanding salaries for last month. The voluntary business rescue process was approved as from 28 July, and the goal is to have a proposed rescue plan by the end of October. Rescue practitioner Sipho Sono of Opis Advisory said one meeting was with the airline's creditors and the other with unions and representatives of non-unionised employees. He said he was satisfied with the process so far. "The next steps will be setting up several meetings with the various committees established. More details will be provided as the business rescue process unfolds," said Sono. Jordan Butler, chair of the Mango Pilots' Association (MPA), said the aim is to have a proposed rescue plan by 29…
Department of Health getting the highest executive budget this 2021 National Budget because of this COVID-19 pandemic. - What are the projects and programs that needed to be implement? Are these revenue expenditures or capital expenditures?- Is it for long term or by phase implementation?- Where are the locations of the projects? Urban areas or rural areas?- How long do you see the department getting the lion's share? Justify the forecast.
True or false, Materials management is an integrated process for planning and controlling all necessary efforts To make certain That the quality and quantity of materials and equipment are appropriately specified in a timely manner, are obtained at a reasonable cost, and are available when needed. 2. Select the 3 significant Change In materials management in the last 10 years. Improved technology. Globalization. Emergence of many projects. Increased material costs and lead times. Decrease in focus on quality and financial standards. Abundance of materials and job space. 3. The project acquisition strategy (PAS) Articulates a project's approach to sourcing which of the following three categories.: Materials. Permits. Capital investments. Equipment. Subcontracts 4. What inputs are required for material status reporting? (Select All That Apply.) Side materials Arrival update. PO status data from order system. Contractor furnished materials data update. Project Master schedule data.…
Brief Exercises 7-11 through 7-14 involve departmental cost allocation with two service departmentsand two production departments. Use the following information for these four exercises:Brief ExercisesPercentage Service Provided toDepartment Cost S1 S2 P1 P2Service 1 (S1) $ 30,000 0% 30% 35% 35%Service 2 (S2) 20,000 20 0 20 60Production 1 (P1) 100,000Production 2 (P2) 150,0007-13 What is the total cost in P1 and P2 and what is the amount of service department cost allocated to P1and P2 using the step method with S1 going first?

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