Reference no: EM133497909
Question: Using Kentucky Fried Chicken KFC with compensation issues, identify their compensation strategy. Say if the KFC is using a job based or person based structure approach. Discuss the issues with their strategy and highlight recommendations that can be applied to improve performance levels as well as attract, motivate and retain employees.
- Define compensation management
- Give a introduction of the company size, products or services offered
- Average revenue generated
- Show KFC current Business strategy, HR strategy and Compensation strategy
- Identify if KFC is using a job based or person based structure approach
- Identify on the Towers Perrin model the current areas of the quadrant
being used in the design of the firm's compensation package
- Outline a SWOT and PEST analysis of KFC
- Highlight the major issues with the firm's compensation package
- Make recommendations using theorists on how these major issues can be rectified by mentioning how better integration of the firm's business and human resource strategy could be attained upward, downward and horizontally. Mention motivational theory to enhance performance of employees as well. Show that you apply the recommended compensation package to target all four areas of the Towers Perrin Model on Total Rewards