Reference no: EM131873706
Question: Assume you are leading a team of consultants hired by MPBS to help develop their total compensation plan. MPBS wants to implement a compensation plan to support their business strategy. Your team has completed the preliminary review of the organization, including discussions with management, and compiled initial information about MPBS. That information is detailed in the team report.
MPBS views their mission statement as the driver behind the alignment of policies, purposes and objectives of all operating units in the entire organization. Your first task is to help the human resources department create a compensation mission statement as the first step in designing their compensation plan. You are to consider the various factors affecting mission statements and objectives and then:
• Recommend a specific compensation mission statement and the specific objectives of the MPBS compensation system that aligns the compensation plan to the company's mission and strategy. Provide a rationale to support your mission statement and objectives.
Your second task is to overcome the past reluctance of top management at MPBS to have anyone put much effort into administrative detail. They have generally opted for a quick and easy approach to policy and practice. You should plan to educate the top management group regarding the need for more sophisticated and detailed approaches to compensation. To do so, you must include answers to the following questions that were posed by the new HR manager. Justify your responses using scholarly sources.
• What are the relevant markets that each of MPBS's major occupational groups should be compared to?
• Should MPBS lead, match, or follow competitors? Why?
• How will decisions on external competitiveness help MPBS align compensation policies with mission and strategy?
• Why is it important and is it worth the effort and cost for MPBS to bother with specifying pay grades and pay ranges?
• If pay grades are used, is it better to have few or more grades?
• How should the ranges vary by job type and level?
• How much overlap should be built into the grade ranges?
• In what ways might the plan MPBS develops and the related compensation policies impact job performance?
To complete this assignment, write a 5-7 page report in Word format and provide rationale and scholarly support. Apply APA standards for writing style to your work.
By the due date assigned, deliver your assignment to the Submissions Area.
Discussing the system used by another magazine
: Why do think Gladwell's begins his evaluation of U.S. News college ranking system by discussing the system used by another magazine to rank cars?
|
Explain how the community health nurse can address the needs
: Explain how the community health nurse can address the needs of the vulnerable and the rural population?
|
Caclulate the break-point associated with retained earnings
: The Dempere Imports Company's EPS in 2011 was $3.00, and in 2006 it was $1.80. Caclulate the break-point associated with retained earnings
|
Addition to the interest rate to be charged on the loan
: According to the Truth-in-Lending-Act (TILA) lenders must provide borrowers with an APR in addition to the interest rate to be charged on the loan.
|
How should the ranges vary by job type and level
: Assume you are leading a team of consultants hired by MPBS to help develop their total compensation plan. MPBS wants to implement a compensation plan.
|
What market price would be paid for this note
: What market price would be paid for this note by an investor who requires a 12% yield on his investments, compounded Quarterly
|
Examine the guidelines for informative speaking
: Examine the guidelines for informative speaking and discuss the potential ethical or legal implications for inaccurate or misinformative speaking.
|
Define the terms of irony
: Define the terms of Irony, Sarcasm, Dry, Blue Humor, and Over Statement, find examples of the device and then interpret
|
What theories do you think will be most applicable
: What Theories, Research Findings, Concepts, or other Knowledge in your Field (NURSING) do you think will be most applicable to you as a volunteer?
|