Select an organization that either has or is experiencing challenges with its compensation and benefit system. The student will provided a brief historical view of the organization, an assessment of their current challenge, a review of other organizations who had a similar situation and the strategy they devised to address the issue, theories and strategies that should be contemplated to address the situation and, finally, a recommendation to management on how to address/resolve the situation. Importantly, the student should ensure any recommendations are based on solid research and analysis and reflect a comprehensive solution to the problem.© BrainMass Inc. brainmass.com October 25, 2018, 6:24 am ad1c9bdddf
Please find guidelines and ideas for Compensation & Benefit System in the attached file.
Compensation & benefit system refers towards the rights that made by organization for welfare of employees at the time of employment and after the retirement. For deep determination, this paper discusses such issues that have faced by General Motors. General Motors (GM) is an American multinational automotive corporation that manufactures auto vehicle. It introduced in 1900s, started to invest in Buick 1903 & started its global expansion in 1925. GM introduced with new products such as ventures in China, Korea, Western European, and other markets. But in 2008, the recession & credit crisis affect GM vastly and results short of operating cash. In June 1, 2009 the company filed for bankruptcy (General Motors, 2010).
Challenges faced by General Motors
Due to bankruptcy process proceeds from many years, GM faced several issues among organization. One of the big issues that were faced by GM is violation of planned compensation & benefits system. This reaction of GM among employees' benefits result down fall in the moral of employees. GM has also denied paying further retirement benefits to employees after bankruptcy. Overall, at that time, GM denied to pay compensation to employees that spread insecurity among employees (Workers Comp Insider, 2008). Such behavior among human resources create further problem, as it faced problem to recruit skilled staff with the offer of compensation & benefit plan. No new person want to link with GM at the time of recovery because of its previous behavior regarding compensation plan.
GM not only bluffed ...
This solution provides a detailed discussion of the given corporation that has challenges with its compensation and benefit system.
Employee Compensation and Employee Right Issues
The compensation program must be designed well to protect both employers and employees. If performance measurements are sloppy or ill-defined, a strong performance may go unrewarded, while a weak performance may go unnoticed. In this assignment, you will consider how to implement each form of performance-based pay.
Write a paper that includes the following components:
*Refer to the four major forms of performance-based pay and describe an overview of the types of design choices and implementation choices you would make for each. You should spend about half a page on each pay type.
*Select one of the following as the most strategic means of motivating and rewarding employees: recognition awards, incentive pay, or earning-at-risk pay. In about a page, defend your choice through a discussion of all three types.
In this assignment, you will design the ideal benefit and services plan from two perspectives: that of the employer and that of the employee.
Write a paper including the following components:
*A discussion of the employer's ideal plan, including reasoning for each selected component.
*A discussion of the employee's ideal plan, including reasoning for each selected component.
*Make sure to include references to the mandatory and voluntary benefits and services (such as savings, healthcare, paid leave, and work-life benefits) described in the textbook as you compose these plans.
For this assignment, imagine a large company whose employees are not unionized has just hired you as HR manager. The CEO supports unionization and wants you to drum up employee interest in the topic.
Write a company-wide report on the subject of unionization and collective bargaining that includes the following components:
* An explanation of how unionization and collective bargaining will be implemented at the company and how they would be advantageous for employees.
* A list of reasons that joining the union is an attractive option for employees
* An explanation of how union contracts will be administered and/or how collective bargaining will be conducted at the company.