Identify alternative pay methods and indicate advantages

Assignment Help HR Management

Reference no: EM133334887

Question: Four: Developing a Compensation Plan A. Develop a progressive (more current, appealing, or advanced) yet competitive (as it relates to other companies seeking to hire employees) compensation (pay and benefits) plan to address the employee issues and make the company more competitive to support recruiting and retention. Traditionally, The Sports Board has paid only minimum wage and the legally required benefits. Consider the following:

1. Your position relative to other companies. Will you meet, lead, or lag the local market? Will this be the same for all positions? What is our rationale?

2. Identify alternative pay methods and indicate some advantages/disadvantages of each. Back to Index UFred.ca 21 EMBA 7045 Strategic Human Resource Planning

3. What benefits will you offer, including those legally required? What are the costs of those benefits? What is the rationale for offering those benefits?

Reference no: EM133334887

Questions Cloud

Minimize ethical concerns in health care industry : Explain how evidence-based research can eliminate or minimize ethical concerns in the health care industry.

Provide analyses to justify your recommendation : Formulate your formal recommendation to the executive team and describe how you think your organization should proceed. Provide analyses to justify

What can you deduce about economic freedom : What can you deduce about the relationship between economic freedom and the size of government in a country?

Identify an example of a back-to-work order by a government : Identify an example of a back-to-work order by a government in Canada after 2013. What were the effects of the back-to-work order on labor, management

Identify alternative pay methods and indicate advantages : Your position relative to other companies. Will you meet, lead, or lag the local market? Will this be the same for all positions? What is our rationale?

Describe specific cultural problems : Describe specific cultural problems or values that may impact behavioral health treatment with both Asians and Latinx that you might encounter when working

What are advantages-disadvantages of toll roads for driver : What are the advantages and disadvantages of toll roads for driver? Why might an individual prefer to pay a toll than to use a free road?

Wellness and stress control tools : You feel should be used by people working in the health professions to maintain personal wellness and control over stress?

Examining the relationship between work and work outcomes : examining the relationship between work, or demographic factors and return to work outcomes. Their findings highlighted that the existence of DM policies

User Account

All Pages