BUS 434 Week 5 Final Paper Holland Enterprises Compensation and Benefit System (Ash)
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Final Paper
Attracting and retaining the most talented employees is essential for long-term organizational success. An important component to attracting and retaining such employees is the design and implementation of an effective compensation and benefit system.
In the final project, you are to assume the role of a highly regarded human resource consultant hired to review, analyze, and revise the compensation and benefit system utilized by your city’s largest employer, Holland Enterprises. The firm employs 3,500 employees, but since 2007 has lost 25% of its staff. Exit interviews indicate the primary reason a majority of these employees have resigned is because of a compensation and benefit system that is perceived to be unfair and uncompetitive in the marketplace.
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BUS 434 Week 3 Assignment Employee Relations Manager Paper (Ash)
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The most effective compensation strategy is one that develops a clear link between:
1 Work that an employee is expected to perform (typically detailed in the job description);
2 Work that the employee performed (typically detailed in a performance evaluation);
3 and, finally, pay provided to each employee (typically determined through external survey and internal equity).
In a 2-3 page paper, examine and elaborate on the interrelationship between these three links. In presenting your analysis, it would be beneficial to:
• Select one position or classification that you are familiar with (Administrative Assistant, Human Resource Manager, Maintenance Worker, etc);
• Detail how pay is determined for this position or classification based on the duties they are expected to perform (job description) and the...