About confirming or disputing bills accusation

Assignment Help Operation Management

Reference no: EM131145993

In most firms, the entire issue of compensation falls into the domain of the human resources manager. The manager must ensure that the method used to determine compensations contributes to the firm's objectives. Moreover, the firm needs to ensure that discrimination or bias of any kind is not a factor. Another function of the personnel manager is to develop severance packages for employees whose services are no longer needed because of downsizing or merger. The size and nature of severance is rarely part of any working agreement and must be determined by a variety of factors. For example, when one company buys another company, it is not unusual that some workers are terminated. The severance benefits offered to the laid-off workers are often the subject of dispute. Suppose that the Laurier Company recently bought the Western Company and subsequently terminated 20 of Western's employees. As part of the buyout agreement, it was promised that the severance packages offered to the former Western employees would be equivalent to those offered to Laurier employees who had been terminated in the past year. Thirty-six year old Bill Smith, a Western employee for the last 10 years, earning $32K per year, was one of those let go. His severance package included an offer of 5 week's severance pay. Bill complained that this offer was less than that offered to Laurier's employees when they were laid off, in contravention of the buyout agreement. As a statistician, you are brought in to settle the dispute. You are told that the severance is determined by age, length of service and pay.

Assignment: Discuss how you would go about confirming or disputing Bill's accusation. What statistical method would you use? Do the listed factors of severance pay seem adequate? Why or why not? If you could, what other factors would you recommend using to determine severance pay? Next, research current severance packages online, and report what factors are used by organizations to determine severance pay. Do they seem adequate and logical? Why or why not.

Reference no: EM131145993

Questions Cloud

Examine strategies for effective intercultural communication : Examine strategies for effective intercultural communication and the barriers that block it. citing a concrete example of where companies have faced and dealt with this to support your comments.

Payroll functions provide original and substantive response : Payroll Functions Provide an original and substantive response to the questions posed in your Journal in a minimum of 200 words. In learning about auditing various company operations, you read about payroll as another area that is subject to fraud an..

In international businesses discuss ethical challenges faced : In international businesses discuss ethical challenges faced in developing products. Research Scripture and support your decision with an appropriate Biblical example. Give an example from your own experience of an effective push strategy and an effe..

About the job-observation-interviews-questionnaires : Assume that you’ve been asked to conduct a job analysis on an entrylevel administrative assistant position at your organization. Which job analysis method would you be most likely to use to collect data about the job: observation, interviews, questio..

About confirming or disputing bills accusation : In most firms, the entire issue of compensation falls into the domain of the human resources manager. The manager must ensure that the method used to determine compensations contributes to the firm's objectives. Discuss how you would go about confirm..

Identify the steps of the product development life cycle : Identify the steps of the product development life cycle. Think of a common pet product (or create a new one) and in a brief scenario, walk it through the product development lifecycle. Explain each step and describe in a few sentences what happens t..

Demographic landscape influence filed of marketing : In your own words please not plagiarism only one paragraph What recommendations do YOU have for marketing firms, so they can enhance their effective marketing strategies in the future? How does a changing demographic landscape influence the filed of ..

Discuss the five fundamental phases of projects : Discuss the five fundamental phases of projects. Can you think of other areas that should be included for projects? In your discussion, use examples from a project you know of or were involved with. Discuss the planning process and steps used to crea..

Identify other potential flexible work ideas : Bon Secours Health Care Health care has used flexible work arrangements for years as managers try to provide round the clock care for patients. Recently it has become even more difficult as shortages in the health care work-force have required creati..

User Account

All Pages