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- You are the HR consultant to a small business with about 40 employees. At the present time, the firm offers only five days vacation, five paid holidays, and legally mandated benefits such as unemployment insurance payment. Develop a list of other benefits you believe they should offer, along with your reasons for suggesting them.Under what set of conditions is external recruitment recommended? As potential recruit who will probably be looking for a job after graduation, what general approach and method or methods of recruiting do you think would be most effective in attracting you? It is not always necessary to fill up a position when it becomes vacant. Explain alternatives to recruiting After your college graduation, you will probably enter the work force. What are the implications of job analysis for you?Many compensation professionals are faced with making choices about which discretionary benefits to drop because funds are limited and the costs of these benefits continually increase. Assume you make such choices. Rank order (at least five) discretionary benefits from the ones you would most likely eliminate to the ones you would least likely eliminate. Explain your rationale. Do such factors as the demographic composition of the workforce of the company matter? Explain
- What would an ideal employee for your coffee shop be like? What knowledge, skills, abilities, and other characteristics would the person have? Write a job description with the job title, key responsibilities, and qualifications for the position. Make sure to include both technical skills and so-called soft skills (like communication, teamwork, etc.) in your qualifications list.Your company has recently implemented a pay-for-performance model for compensation. This worries you because you know that your employees will be even more upset with their performance ratings if they know that they are tied to compensation. What actions can you take to start to prepare for this change? How do you think your boss at the company where you work now, or where you have worked would handle the situation? If there are differences, whyOne reason employers might offer a particular employee benefit is to aid in recruiting certain types of workers. One example is a tuition reimbursement program to attract highly motivated employees. What other example of benefits are you familiar with that might be used to attract a particular type of employee? What types of employees are most attracted to these benefits?
- Give at least 5 examples ( your own example) of a non cash compensation items that can be used by the management to reward managers and employees for their efforts and good performances.Many businesses are moving away from the base salary concept and trying to adopt the new systems such as Rewarding Employees based on performance. As such most of the time the employee performance is linked with Profitablity or sales achieved. In your opinion what are the advantages and disadvantages of rewarding employees based on performance. You can provide examples to clearly explain your thoughts.Definition of the compensation package. What four cost considerations would you take into account when revising the PTO section of your compensation plan? What four other considerations you would you take into account when developing a new PTO plan?
- Respond to each of the following short essay questions. Responses should be between 100 - 500 words depending on the complexity of the question. Use correct grammar and spelling to address each question thoroughly. Do not use direct quotes. Instead, to align your ideas with the text, paraphrase and summarize. Explain the basic compensation objectives of pay systems. Compensation systems can be tailored to general business strategies. List and explain these strategies. State the theory of marginal productivity. How do employees judge the fairness of their pay? Describe the ways in which job information can be collected for job analysis. What should the manager do if employees and their supervisors do not agree on what is part of the job? What are the two aspects of diversity in work? What is the significance of marginal revenue? According to efficiency-wage theory, how do increased wages increase efficiency and lower labor costs? Explain the low-high approach in selecting jobs for…Develop an overall compensation plan for a small business. Instructions Read 2G Robotic Case Study.Links to an external site. Complete study questions: Describe and assess the advantages and disadvantages of the direct compensation/pay system at 2G Robotics. Also, the benefits (i.e., dental) provided by the company. What are the benefits and dangers of implementing a stock option plan or an employee trust (i.e., something that gives employees a stake in the company)? What are some of the non-financial rewards that are available to employees who work at this company? How important are pay and benefits, including an employee trust, versus non-financial rewards in motivating employees at 2G? What do you think should be the company's general approach to compensating employees in pay, including an employee trust, and benefits? Should Gillman try to improve pay levels? Why or why not and in what specific ways? Do you think 2G should use a more formal pay system? Why? What changes would you…In a business plan, you are tasked to create a management team for your small online business which sells bento cakes and other small sweet pastries. Also what is your proposed salary as a compensation paid to an employee by an employer in return for their work performed.