User Account

All Pages

Process of determining compensation

Assignment Help HR Management
Reference no: EM132879766

Solve Human Resource story problem with appropriate explanation.

Fresh Munchables is a mid-sized but steadily growing food-processing company founded in 1967. Since its inception, the company has been committed to providing only premium quality health foods. The company is headquartered in Wichita, Kansas, and it is one of the area's largest producers of soups and simple meals. In the past 20 years, the company has also begun processing healthy snacks and beverages. Fresh Munchables has traditionally sold its products through large grocery stores, but it is now venturing into online and restaurant businesses, which is all very new territory for management.

The company is split up into three overarching strategic business units-soups and meals, drinks, and snacks. Additionally, the company is divided into several business units at the operational level, consisting of a mix of business operations, manufacturing (production), research and development, finance, and so on. As the company continues to grow, the executive team and other leaders are constantly looking for ways to improve processes.

Because Fresh Munchables has grown from a very small company into a well-established organization, management has decided to broaden the company's strategic HR functions. The human resources team is currently working to improve recruiting and hiring processes, succession planning, and most importantly, compensation and rewards.

For many years, the company has delegated compensation decisions to managers with little to no training on the subject. This has left the company in a disorganized, confused state when it comes to paying and rewarding employees. These problems have compounded as Fresh Munchables has recently opened up new manufacturing locations with new managers and many new employees.

The chief human resources officer has organized a team of compensation specialists of which you are a part to spearhead total compensation-related problems and help the company to reach its current and future goals. You and your team can achieve this by revising the current total compensation system to reflect the company's current business strategies and goals as well as attract and retain top talent.

As part of Fresh Munchables' new online marketplace venture, you have determined that 15 new jobs will be required to sell Fresh Munchables' products online and have arranged these jobs into three groups for internal alignment purposes: website development and support, processing, and shipping.

What have you created in doing this, and why is it important in the process of determining compensation?

a. You have created a job-value structure to help determine what the jobs are, how they are related, and the relative importance of each one.

b. You have created a job-value structure to determine the relative value of each job within the company for comparison to similar jobs at competing companies.

c. You have created a job categorization structure to visualize the structure of jobs internally positioned according to their relative value.

Reference no: EM132879766

Questions Cloud

Is hrm becoming more strategic : Is HRM becoming more strategic? Provide an explanation for your response.
Managing a boundaryless work assignment : What signs of change resistance might a supervisor or co-worker look to detect when managing a boundaryless work assignment?
Explain how these two issues and trends affect society : Identify recent (within the last 10 years) and contemporary issues affecting human services provided within criminal justice system.
Examine the concept of comparative criminal justice : Identify two of perspectives involving comparative, how comparisons are made with comparative research. Examine the concept of comparative criminal justice.
Process of determining compensation : Fresh Munchables is a mid-sized but steadily growing food-processing company founded in 1967. Since its inception, the company has been committed to providing o
Explain the concept of comparative criminal justice : Identify how a foreign criminal justice system follows the concept of comparative criminal justice. Explain the concept of comparative criminal justice.
Research donabedian structure-process-outcome paradigm : Research Donabedian's structure-process-outcome paradigm. What is the interrelationship between risk management to all component parts of the paradigm?
Explain techniques for developing positive work relationship : Explain techniques for developing positive work relationships built on trust and confidence in a team including interpersonal styles, communications, consultati
Leaves and legally mandated benefits in a ctc : You are working in a small organization with about 40 employees in India. You are working as software developer. Currently business offers 5 days of vacation

Reviews

Write a Review

HR Management Questions & Answers

  What applicant information is not useful for selection

What information (e.g. credit score, interview, experience, etc.) did you use to select these individuals, and what weight did you use for each bit of information? (i.e. what was more important, and useful but less important) Why? What applicant ..

  Balance scorecard economic value addedthe organization that

balance scorecard economic value addedthe organization that you work for has been thinking about implementing one of

  What coordination is required by the hr department

Virginia Allied Chemical has recently developed a new paint and rust remover. Your company, Eastern State Marine, has a contract to buy and use the material.

  Evaluate the pros and cons of an organization hr department

Evaluate the pros and cons of an organization's HR department aligning its strategy with the overall organizational strategy.

  What key leadership principles will guide research

What key leadership principles will guide a research? What areas of business leadership are unclear that one may want to explore through further personal study?

  Structural and cultural strengths and weaknesses

Explain the Structural and Cultural Strengths and Weaknesses - In what ways may a corporation's structure and culture be internal strengths or weaknesses?

  Define steps an employee needs to take to manage career

What are the critical steps an employee needs to take to manage his/her own career? The final paragraph (three or four sentences) of your initial post should.

  What aspects of human resource management are involved

When a restaurant employee slipped on spilled soup and fell, requiring the evening off to recover, the owner realized that workplace safety was an issue.

  How will you will increase employees ksas

How do you plan to implement career development using internal and external resources? How will you will keep training and access to opportunities equal? How will you will increase employees' KSAs (knowledge, skills, and abilities)?

  360-degree performance reviews

Conduct the following Internet Search on the subject of "360-degree performance reviews"

  What is your preferred coping style

What ideas and strategies do you use when you are confronted by your own problems in living? What is your preferred coping style? Take some time to reflect.

  Handling a combative employee

Handling a Combative Employee - How would you handle a combative employee with documented mental issues when they become disruptive?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd