1. Identify the major problems that suggest something has gone wrong with the companyâs compensation system and compensation practices.
–Hints: Try to identify problems in operation, product and service quality, productivity, labour cost or other costs, employee morale and behaviour, employee turnover or commitment, and customer satisfaction, etc
2. Analyze compensation-related root causes of those identified problems (Every point must be compensation related).
3. Recommend solutions, in terms of compensation system and strategy design and implementation, to solve the problems you have identified. You need to explain and justify your recommendations with established findings in the field of compensation studies.
THANK YOU
SCHOOL OF BUSINESS, CENTENNIAL COLLEGE
COURSE: Compensation and Benefits (HRPD-405) (Winter 2012)
Instructor: Wenlu Feng (Ext. 2134)
Assignment #1 (10 marks)
Purpose: To develop the ability to apply Compensation knowledge to solve business problems.
Due on Tuesday, 31, 2012 (Submitted by email attachment)
Tasks: Case Study (Study only one of the following cases which are posted on eCentennial)
Case 1: Running case: The New Pay Plan
Case 2: Case Incident: Salary Inequities at Acme Manufacturing
Case 3: Alliston Instruments
Case 4: Plastco Packaging
For the chosen case, answer the following three questions (Make sure you answer the following three questions but not those questions at the end of the case if there are any):
Identify the major problems that suggest something has gone wrong with the companyâs compensation system and compensation practices.
–Hints: Try to identify problems in operation, product and service quality, productivity, labour cost or other costs, employee morale and behaviour, employee turnover or commitment, and customer satisfaction, etc
Analyze compensation-related root causes of those identified problems (Every point must be compensation related).
Recommend solutions, in terms of compensation system and strategy design and implementation, to solve the problems you have identified. You need to explain and justify your recommendations with established findings in the field of compensation studies.
Requirements and Marking Criteria:
For the case you choose to analyze, answer each question one by one in essay form (paragraph your answers). The answers to the three questions should be logically connected.
Apply your compensation and benefits knowledge and the relevant HRM principles, especially those about the compensation mix and compensation strategy, and the methods to establish base pay, where applicable, to analyze and evaluate the facts and compensation practices in the case.
Provide recommendations /solutions…