Imagine you are the HR manager for a new company just opening its doors in your community. The CEO has asked you to prepare the initial guiding principles yo
Imagine you are the HR manager for a new company just opening its doors in your community. The CEO has asked you to prepare the initial guiding principles you will use to define the company's compensation philosophy regarding how the company compensates its employees.
Complete the following:
- Describe the type of business, the number and types of employees (exempt and non-exempt), and the customer base you will use as your example company for this assessment, as well as the state and city or area of the state where your company is located.
- Describe the factors will be used to determine salary decisions (for example, appropriate qualifications, contributions, performance, and budget considerations).
- Discuss where the company wants to fit regarding compensation in the industry and related market. Bottom quartile? Industry average? Top quartile?
- Discuss whether the company will reward top performers with incentive pay.
- Discuss the role benefits (health, 401(k), et cetera) will play in the overall compensation package. Does the company want the benefits plan to be below market, at market, or above market? Why?
- Describe how other existing businesses in your community affect the guiding principles for your compensation guidelines. You can reference the "Overview of BLS Wage Data by Area and Occupation" from the Bureau of Labor Statistics to help you research information for your response.
Your assessment should also meet the following requirements:
- Written communication: Written communication is free of errors that detract from the overall message.
- Formatting: One-inch margins, appropriate headers, and a title page.
- Length: 1–2 double-spaced pages.
- Font and font size: Times New Roman, 12 point.
Important: You will use this same company as the focus for the upcoming assessments in this course as well.
An official website of the United States government Here is how you know
United States Department of Labor
The .gov means it's official. Federal government websites often end in .gov or .mil. Before sharing sensitive information, make sure you're on a federal government site.
The site is secure. The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely.
U.S. Bureau of Labor Statistics Release Calendar | Subscribe Search button Search: Menu
- Search button Search: Release Calendar | Subscribe
- Home
- About BLS
- History
- Our Leadership
- Budget and Performance
- Questions and Answers
- A-Z Index
- Glossary
- BLS Speakers Available
- Errata
- Contact BLS
- Subjects
- Inflation & Prices
- Consumer Price Index
- Producer Price Indexes
- Import/Export Price Indexes
- Contract Escalation
- Price Index Research
- Pay & Benefits
- Employment Cost Index
- Employer Costs for Employee Compensation
- Wage Data by Occupation
- Earnings by Demographics
- Earnings by Industry
- County Wages
- Benefits
- Modeled Wage Estimates
- Compensation Research
- Strikes & Lockouts
- Wage Records from Unemployment Insurance
- Occupational Requirements
- Unemployment
- National Unemployment Rate
- State & Local Unemployment Rates
- Unemployment Research
- Employment
- National Employment
- State & Local Employment
- County Employment
- Worker Characteristics
- American Indian Report
- Employment Projections
- Job Openings & Labor Turnover Survey
- Business Response Survey
- Employment by Occupation
- Work Experience Over Time
- Business Employment Dynamics
- Foreign Direct Investment
- Employment Research
- Workplace Injuries
- Productivity
- Labor and Total Factor Productivity
- Productivity Research
- Spending & Time Use
- Consumer Expenditures
- How Americans Spend Time
- International
- International Technical Cooperation
- Import/Export Price Indexes
- Geographic Information
- Northeast (Boston-New York)
- Mid-Atlantic (Philadelphia)
- Southeast (Atlanta)
- Midwest (Chicago)
- Southwest (Dallas)
- Mountain-Plains (Kansas City)
- West (San Francisco)
- Data Tools
- Data Retrieval Tools
- BLS Popular Series
- Series Report
- Top Picks, One Screen, Multi-Screen, and Maps
- Data Finder
- Public Data API
- Charts and Applications
- Charts for Economic News Releases
- CPI Inflation Calculator
- Injury and Illness Calculator
- Pay Measure Comparison
- Demographic Data Sources
- COVID-19 Economic Trends
- Industry Productivity Viewer
- Employment and Wages Data Viewer
- Industry Finder from the Quarterly Census of Employment and Wages
- Publications
- Economic Releases
- Classroom
- Beta
- <a rel='no
Collepals.com Plagiarism Free Papers
Are you looking for custom essay writing service or even dissertation writing services? Just request for our write my paper service, and we'll match you with the best essay writer in your subject! With an exceptional team of professional academic experts in a wide range of subjects, we can guarantee you an unrivaled quality of custom-written papers.
Get ZERO PLAGIARISM, HUMAN WRITTEN ESSAYS
Why Hire Collepals.com writers to do your paper?
Quality- We are experienced and have access to ample research materials.
We write plagiarism Free Content
Confidential- We never share or sell your personal information to third parties.
Support-Chat with us today! We are always waiting to answer all your questions.
- <a rel='no