Assignment 4 Recognizing Employee Contributions
Due Week 10 and worth 300 points
You are the HR manager of a relatively new retail company
that has both retail stores and Internet sales.
Your company is steadily growing in revenue and profitability. The
company realizes that in order to retain the solid, highly productive workforce
it currently has in place, it is
important to enhance the base compensation and benefits
package offered to the employees. The company currently offers a basic
compensation program and only federally mandated benefits. Employee surveys
suggest the compensation and benefits program may be out of date.
Employees are beginning to consider leaving the
organization.
Write a six to eight (6-8) page paper in which you:
1. Propose two (2)
methods an HR professional could use to determine incentive pay. Specify the
principal manner in which the proposed methods take into consideration
individual, group, and company performance. Justify your response.
2. Examine the
core legal requirements affecting employee benefits in today’s competitive
environment. Determine the legally mandated benefits that the company must
currently offer to its employees.
3. Recommend at
least four (4) additional benefits that the organization should consider
providing to its employees. Suggest at least three (3) important concepts that
a company must consider when designing benefit plans. Provide a rationale for
your response.
4. Assess the
efficiency of common techniques for effectively communicating compensation and
benefit plans to employees. Support your answer.
5. Suggest two (2)
ethical risks of making incentive pay a large portion of employees’ total
compensation. Propose two (2) recommendations for ways the company might
mitigate or reduce these risks.
6. Use at least
four (4) quality academic (peer-reviewed) resources in this assignment. Note:
Wikipedia and other Websites do not qualify as academic resources.
Your assignment must follow these formatting requirements:
Be typed, double spaced, using Times New Roman font (size
12), with one-inch margins on all sides; citations and references must follow
APA or school-specific format. Check with your professor for any additional
instructions.
Include a cover page containing the title of the assignment,
the student’s name, the professor’s name, the course title, and the date. The
cover page and the reference page are not included in the required assignment
page length.
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