What is the role and benefit to an organization of a compensation plan? Provide a minimum of 3 factors to consider in identifying the needs of a compensation package. What type of pay system do you recommend and why?
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- The HR manager of compensation and benefits, the new leadership team resulting from the merger, has come to you with concerns pertaining to the current compensation policies. The senior leadership team has specifically expressed concern over the ability of the organization to hire and retain a competitive workforce due to outdated policies. Your task is to research and develop an updated compensation philosophy that aligns with the new core values of the organization, which focus on customer service, quality production, employee recruitment, and retention. You have been given 3 months to complete your analysis and present your recommendations to the leadership team. Your presentation should include the following considerations: What is the role and benefit to an organization of a compensation plan? Provide a minimum of 3 factors to consider in identifying the needs of a compensation package.A private corporations new CEO took over with the mission of preventing a competitor's proposed takeover. There is a low level of morale, unsatisfactory staff performance standards, and a larger turnover rate than the competition. The performance of the company has been subpar generally due to these and other issues. The CEO is requesting the HR division for clarifications and potential change recommendations and has requested a report detailing the differences between Compensation Systems and Employee Benefits in order to determine the degree to which they boost workplace morale.You have been hired as a new Finance VP, and you oversee a team of almost 30 people. Your HR managerhas recently informed you that there have been several employee relations in your group in the recentpast, and you are concerned about the level of knowledge that your management team has arounddealing with these issues. What could you do to close the gap in knowledge and mitigate the risk of issuesin your group?
- If you’ve never done an HR SWOT analysis and/or are trying to improve your employees’ experience with your company, now is the perfect time to do one. A S.W.O.T. analysis is a useful tool for developing your HR department’s strategic plan. The S.W.O.T. analysis should be more than simply listing items in each category. HR should consider the interaction of the S.W.O.T. analysis factors and establish strategies and tactics to maximize outcomes. What steps can be implemented to mitigate the effect that the department’s weaknesses may have on the threats the department faces? If the department pursues an identified opportunity, how will the department’s strengths and weaknesses affect the outcome? How can the department’s strengths be used to overcome the threats to lead the organization to achievement of its mission?Jennifer, the owner and manager of a company with ten employees, has hired you to take over the HRM function so she can focus on other areas of her business. During your first two weeks, you find out that the company has been greatly affected by the up economy and is expected to experience overall revenue growth by 10 percent over the next three years, with some quarters seeing growth as high as 30 percent. However, five of the ten workers are expected to retire within three years. These workers have been with the organization since the beginning and provide a unique historical perspective of the company. The other five workers are of diverse ages. In addition to these changes, Jennifer believes they may be able to save costs by allowing employees to telecommute one to two days per week. She has some concerns about productivity if she allows employees to work from home. Despite these concerns, Jennifer has even considered closing down the physical office and making her company a…Read the passage and answer the questions that follow After 3 months in her new role as Director of Human Resources (HR) at Customers First, Deborah Ketson feels confident she has identified the significant HR issues at the company. She has prioritized the issues and is meeting with company president Joan Bates to make her recommendations. Deborah is prepared to discuss her top priority, which is to conduct an organization-wide job analysis and job evaluation project in order to start building a more internally consistent pay structure. Customers First is a company that provides customer service for other companies. Small-to-medium-sized companies outsource their customer service function to Customers First, which manages all customer service for their clients through a call center and also via an online customer service center. The company works with a diverse group of clients ranging from small retail stores to larger online retailers. Customers First has grown quickly in the 5…
- The Chief Executive Officer (CEO) of Shirley’s Biscuits a British Manufacturer has decided to expand into the German market to sell gourmet biscuits in order to increase the company’s market share and profits. As the Vice President, Human Resource Management you play an important role in the realization of this strategic plan. Write to the CEO explaining the role of HRM in terms of recruitment, selection, training and development of employees and recommended policies, practices and systems that will facilitate the achievement of the strategic plan.Superior Products Company has recently hired a new HR assistant, Virginia Fisher, who just received a college degree. Frederick Mills, the HR Director, was extremely pleased to find someone who had some familiarity with basic management concepts because he was the entire HR department except for a clerk-typist. During the interview Frederick emphasized that he planned to have Virginia function as his assistant and that she would be doing some interviewing and be responsible for maintaining employee records. Because Superior has over 300 employees, Frederick had been too busy to prepare anything resembling a job description except for some scrawled notes on the back of an envelope. Everything went fine for the first week for Virginia. On Monday of the second week, Frederick called Virginia into his office and explained that there was another minor duty that he had not mentioned to her. Frederick said, “In order to get approval to hire you from the president. I had to agree…You have just been hired as the human resources (HR) manager by your company's chief executive officer (CEO). During your interview process, the CEO indicated that in the last 2 decades, the workforce demographics of her company have changed dramatically. Although this had been occurring, both the previous HR manager as well as all of the company's front-line supervisors have remained as they had been for years: primarily white males, now in their 50s and early 60s, from a Christian background. The CEO indicated that at a frequent rate, workplace strife had been increasing, and it seemed to be related to the changing demographics of the workforce itself. The CEO asked you to compile a training manual to train employees and raise awareness and sensitvity to diversity issues making your workplace supervisors more aware of current racial diversity issues. The manual will need to cover diversity issues, specifically the following forms of discrimination: Religious Ethnic Gender Age…
- 1. The vice president of human resources at an insurance company is struggling to enhance the credibility of the HR function in the eyes of senior management so that HR is viewed as a key strategic partner in the success of the company. Based on this situation, which competency should the vice president of human resources and others in the HR function focus on developing in order to enhance their credibility? a. Marketing mastery b. Business mastery c. Personal credibility d. HR masteryAs the HR director of Clearwater Electronics, you know it is important for HR to be as close as possible to where the people and problems are located. Which reason best explains why it is important for HR to know the line managers and their needs? Multiple Choice Because line managers are on the front line, HR needs to ensure they and their employees are protected from legal ramifications should something go wrong. Because line managers are the ones responsible for interviewing and hiring potential employees, it is best that HR collaborate on recruiting efforts to ensure the right people are hired. Because line managers are responsible for the health and safety of their employees, it is necessary for HR to provide training to prevent accidents. Because line managers are responsible for their employees, it is necessary for HR to empower them to implement HR initiatives and make sure they are successfully carried out.Cynthia handed in her resignation letter because she received a better offer from another However, her company tried to negotiate with her by raising her salary because she is a reliable employee. Which of the following HR activities is being described by the scenario? a. Retaining c. Rewarding b. Retooling d. Reviewing 2. Analyze the following statement: Statement I: Retooling and recycling are under the people-strategic function of HR. Statement II: Systematic-operational function of HR is responsible for the hiring and placing of people in the organization. a. Statement I is correct. Statement II is incorrect. c. Both statements are correct. b. Statement I is incorrect. Statement II is correct. d. Both statements are incorrect. 3. Gina receives an additional incentive for completing her attendance for the past six (6) months, which means she did not take a leave, no absences, and zero Which of the following HR activities is being described by…