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Develop effective performance pay and indirect pay programs

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Reference no: EM131920066

Purpose

Continuing with the case study approach, you will be given an opportunity to demonstrate your ability to develop effective performance pay and indirect pay programs. You will also demonstrate your understanding of program implementation and evaluation to ensue effectiveness.

Case Study: Crayson Logistic Solutions Inc.

How to Proceed

You will continue to work with the case study from the previous assignment to complete this assignment. Continuing on from Assignment 2, outline what your performance pay and indirect pay programs will look like. Detail your plan for implementation of the new system and how to ensure it is effective at reaching your compensation strategy goals. Include the following:

1. Will you have a performance pay program and if yes, will it be based on individual. team or organizational performance or a combination of two or rnore? What will the plan look like in terms of measures, evaluation process, payouts and frequency of payouts? What behaviours are you trying to encourage with this program?

2. What will you include in your indirect pay program? Will the benefits be the same for each employee or will they be different? Why or why not? What behaviours are you trying to encourage through your choice of indirect pay?

3. What is your plan for implementing the new compensation system? How will you move employees on to the new plan, how will you communicate the plan to everyone, and how will everyone move through the structure as the progress in terms of service, performance and job duties?

4. How will you evaluate the effectiveness of the plan - i.e. how will you know it is achieving the desired result?

Format

Your report should be no more than 1500 words in length, 1.5 spaced using a 12-point font.

It is permissible to break your report down using the questions listed above as headings.

Attachment:- Case Study.rar

Verified Expert

In the current assignment, we have discussed the a new compensation plan for an organization which includes the performance-based pay system and indirect pay system of the organization Crayson Logisitics Solutions Inc.

Reference no: EM131920066

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Reviews

len1920066

3/29/2018 3:55:38 AM

9 or 10/10 Exceptional 8/10 Excellent > Quality of discussion expresses insightfulness and depth of understanding of course content. > Articulately explains ideas and opinions. > Free of spelling and grammar errors. > Correctly relates course concepts within paper. > Articulately explains ideas and opinions. > Fully answers all questions. > Fee of spelling and grammar errors.

len1920066

3/29/2018 3:55:34 AM

Format > Your report should be no more than 1500 words in length, 1.5 spaced using a 12-point font. > It is permissible to break your report down using the questions listed above as headings. > Submit your report through the dropbox in UM Learn for Assignment 3. > Your assignment must be submitted by the deadline date. Grading You will be assessed in accordance with following rubric:

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