An easy on developing a compensation plan

Reference no: EM13784032

DQ 1: Developing a Compensation Plan
In this assignment, you will have the opportunity to apply concepts in a situation emphasizing alignment of external competitiveness with the organization's ongoing recruitment efforts.
XYZ, a construction company, has recently obtained a large project that requires them to hire 15 experienced welders in Casper, Wyoming. Casper has very few welders locally so XYZ needs to recruit welders who will relocate to Wyoming for the duration of the project.
XYZ is not familiar with compensation methods for welders and is unsure how to design a compensation plan that will be attractive to welders.
Determine the problems XYZ might encounter in developing a competitive compensation plan that will attract welders to work for their company in Casper. Propose how XYZ should begin the process of establishing a competitive compensation plan for welders and the techniques and data collection methods they should use to develop an effective compensation plan for the welders.

This is my DQ 2
Discussion-Competitiveness and Inventory Management
To be competitive, many fast-food chains expanded their menus to include a wider range of foods. Although contributing to competitiveness, this has added to the complexity of operations, including inventory management. In what ways did the expansion of menu offerings create a problem for inventory management? One form of inventory is safety stock, which is primarily carried by companies to ensure a variety of products is available at all times. However, safety stock ties up capital and hinders cash flow.
Using the Argosy University online library resources and the Internet, research safety stock.
Then respond to the following:
As a manager, what recommendations could you provide to reduce inventories as it relates to safety stock?
What parameters would lead you to believe that (a) large safety stock, (b) small safety stock, and (c) zero safety stock would be advantageous for the organization? Be sure to provide examples and data in support.
What are some of the ways in which a company can reduce the need for inventories?
How has technology aided inventory management?
How have technological improvements in products such as automobiles and computers impacted inventory decisions?

Reference no: EM13784032

Questions Cloud

Readings and class discussions of political movements : Choose a Contemporary Political Movement or non-profit political organization and discuss how the movement conducts its political activities and frames political issues. Based on class readings and class discussions of political movements, analyze..

Medical error affects health care delivery : What are ways that medical error affects health care delivery? How can principles of quality be used to identify, correct, and prevent errors?

Create a scenario : Create a scenario where a disabled employee has requested an accommodation that is reasonable; conversely, create a scenario where a disabled employee has requested an accommodation that is not reasonable

Values into consideration when choosing a career : Do you think a person should take values into consideration when choosing a career? When choosing a spouse or life partner? When choosing friends? Do you think most people consciously take values into consideration when making these choices? W..

An easy on developing a compensation plan : In this assignment, you will have the opportunity to apply concepts in a situation emphasizing alignment of external competitiveness with the organization's ongoing recruitment efforts.

Assess a person social class : Imagine you were trying to assess a person's social class. Answer the following four questions:

Determine the factor associated with this experiment : In conjunction with the housing foreclosure crisis of 2009, many economists expressed increasing concern about the level of credit card debt and efforts of banks to raise interest rates on these cards. The banks claimed the increases were justified. ..

Confirm higher order interaction and any other two in such : In a 2^6 factorial form a 4 blocks with eight treatment combination. Confirm higher order interaction and any other two in such a way that generalized interaction is not violated and also 2 factor interaction and main treatment is not confounded.

Determine the critical value for a left tailed test of a : 1. Determine the critical value for a left-tailed test of a population mean at the α=0.005 level of significance based on a sample size of n = 30. A) 2.750 B) 2.756 C) -1.699 D) -2.756 E) None of these 2. If beta is computed to be 0.763 , then the p..

User Account

All Pages