Business Question
For this assignment, as the new owner of the “Aqua Irrigation Force” or your selected organization, you will need to develop the compensation and benefits plan for your potential new hires. As a franchise, you have just opened your company in a residential area and need to hire new workers. You will need to consider the location and the size of the company to complete this task.
In a 3-4 page paper:
- Select a position and determine the roles and responsibilities that are required.
- Explain the law that regulates paying minimum wage and overtime pay, considering that determining an employee’s salary is a significant factor for any position. Explain the law that regulates paying minimum wage and overtime pay. Address the following in your analysis:
- What is the minimum wage in your community where the Aqua Irrigation Force, or your selected company, is located?
- What is the requirement for the employer regarding pay when employees need to work more than 40 hours in a week?
- Describe the benefits that a company has to provide to an employee.
- Explain the duties of a fiduciary and the role this plays in your company.
- Discuss the requirements for companies that offer pension plans.
- Describe wellness plans. What should they offer and what benefits do they provide to both companies and employees?
Additional Requirements
Your paper should also meet the following requirements:
- Written communication: Ensure written communication is free of errors that detract from the overall message.
- Standard formatting: Include one-inch margins, appropriate headers, and a title page.
- APA formatting: Resources and citations are formatted according to current APA style and formatting. Review the Evidence and APALinks to an external site. section of the Writing Center for guidance.
- Length: 3-4 typed, double-spaced pages, excluding title page and reference page.
- Font and font size: Times New Roman, 12 point.
Review the Employment Conditions Scoring Guide to familiarize yourself with the required criteria for this assignment.
Competencies Measured
By successfully completing this assignment, you will demonstrate your proficiency in the following course competencies and scoring guide criteria:
- Competency 1: Examine the effect of the employment process on current work environments.
- Select a position and determine the roles and responsibilities that are required.
- Competency 3: Apply the laws and safety issues in the workplace.
- Describe the benefits that a company has to provide to an employee.
- Competency 4: Determine the impact of employment laws on the policies that support an organization’s mission, vision, and values.
- Explain the law that regulates paying minimum wage and overtime pay. Discuss the minimum wage or requirements for pay over 40 hours a week.
- Competency 6: Communicate in a manner that is scholarly, professional, and consistent with expectations for members of the human resources profession.
- Communicate in a manner that is scholarly, professional, and consistent with expectations for members of the human resources profession.
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