Discuss the appropriate business response

Assignment Help HR Management

Reference no: EM131826309

Problem: Visioning Before Strategizing

Imagine that you are the HR manager for a new company just opening its doors in your community. The owners have asked you to prepare a vision for compensating the staff. They do not want specific policies, but guiding principles that will help them collect data and write specific HR policies later. Complete the following:

Describe the type of business, number and types of employees, such as exempt and non-exempt, and the customer base you will use as your example company for this assignment, as well as the state and city or area of the state where your company is located.

Create a list of essential guideposts for developing a total compensation policy. In your vision, include statements that can be made public to your customers and employees. Also consider whether your vision will be strategic in a strong economy, as well as in a down economy. Will you be able to adapt your vision during various economic conditions?

Using Tailor the Compensation System to the Strategy in your text, identify which of the three business strategies is most appropriate, and include an analysis of why you believe this is the case.

Discuss the appropriate business response, HR program alignment, and compensation system for this new business.

How will other existing businesses in your community affect the compensation vision and strategy of this new company? You can use the Overview of BLS Wage Data by Area and Occupation Web page from the Bureau of Labor Statistics Web site and linked under Resources to help you research information for your response.

IBM's Strategic Principles and Priorities in Strategy Execution outlining IBM's strategic principles and priorities. Do not be limited by IBM's choice of words.

Reference no: EM131826309

Questions Cloud

Write an equation for each of the following problems : Write an equation for each of the following problems, then solve. Alex had $24 to spend on seven pencils. After buying them she had $10 left. How much did each

How many unique five-card hands are possible : Five Card Draw is a poker game in which each player is dealt an initial hand of five cards from a 52-card deck. How many unique five-card hands are possible?

Explain how does your saving and spending profile change : Explain how does your saving and spending profile change depending on the state of the economy, i.e., whether the economy is in a recession versus expansion?

What are the pros and cons of such background checks : Some employers routinely conduct background checks for potential employees, some do not. What are the pros and cons of such background checks?

Discuss the appropriate business response : Imagine that you are the HR manager for a new company just opening its doors in your community. The owners have asked you to prepare a vision for compensating.

Second part of the algebraic expression : The sum of a number and 2 is subtracted from the product of 3 and the number.

Find the marginal productivity of labor : If the company uses 5000 units of labor and 3000 units of capital, Find the marginal productivity of labor.

What amount should be included in the current liability : What amount should be included in the current liability section of Janson's December 31, 2011 balance sheet

Calculate by applying formulas and expected value of sales : Calculate by applying the formulas, expected value of sales in the area, its standard deviation and upper and lower bounds within 95% of confidence interval.

User Account

All Pages