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Strategic compensation

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Development paid time off polices

1) Integrated paid time off polices
2) Sabbatical leave
3) Volunteerism

Explain each point with example.

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Development paid time off polices

1) Integrated paid time off polices

The integrated paid time off policy mean that a bank of hours from which an employee can draw is given. Usually, the employers credit additional hour to their employees "banks" every pay days. So instead of 8 paid holidays, 10 days vacation, 10 sick leave days, and 2 personal holiday days, under an integrated plan the employee get 30 days of paid time off. This policy helps attract good employees ...

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Strategic compensation is discussed in great detail in this solution.

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Strategic Compensation Level Policy

1. You are the compensation manager for a startup internet company. The CEO wants to know what the best pay level policy is for this organization. Prepare a memo to the CEO explaining the three options the company can choose from and what your recommendation is, and why.

2. Explain the similarities and differences that exist among merit pay systems, incentive pay systems, and person-focused pay systems. Of the three of these pay systems, which one would you implement at your company? Explain your choice.

3.You are the compensation manager for a local Internet training company. Your CEO would like you to determine how well the salaries he pays his instructional designers measure up to other companies in the same field. Outline the steps you would take to determine this and compose a memo to your CEO showing your results. Also, make recommendations to your CEO concerning the pay rates based on the information you gathered from your research.

4. Why is it important to design internally consistent compensation systems? Explain how the job analysis process is used to create a compensation system.

Course Textbook
Martocchio, J.J. (2013). Strategic compensation: A human resource management approach (7th ed.). Upper Saddle River, NJ: Prentice Hall.

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