Reference no: EM132419542

Question 1a. Target has leadership which consists of 12 EVP's and the CEO and they also have other executives. Target has an extensive list of executives unlike other companies I have worked or looked up. There are lots of Vice President level employees for almost every "unit" within target. So Target considers EVP and VP level employees executives.

Question 1b. The five elements of pay are base pay, benefits, short term incentive compensation, long term incentive compensation, and executive perks. For a business like Target executive level employees would benefit greatly from the five elements particularly because it is directly tied to the companies success (short term, long term, and executive perks)

Question 1c. Determine the desired market state for each organizational unit contained within the business, and the appropriate weighting of each pay element.

Question 1d. Determine the impact of change in organizational structure on the five payments in use here.

Question 1e.Determine what changes in pay elements emphasis are suggested by internal and external considerations.

Question 1f. What types of tax consequences might we need to look at for this situation?

Question 1g. What are some of the compensation rules that appear to apply to this company's executives? Why?

Professional development question

Using Target Corporation's website, define the strategic thinking that is currently being employed by this business and how it impacts compensation in the following areas:
1. Vision
2.Mission
3.objectives and goals
4.threats and opportunities
5.strategies
6. and core competencies