Suppose you are the human resource director of a certain organization, and the company presidenthas asked you look at ways to cut costs in the area of benefits. You are however to avoid sacrificingthe quality of benefits that your organization currently offers. You know that cutting costs will requiresome compromises, but you are determined that you will not subtract anything from the presentbenefits package without also adding something. You are determined that employees will not feelcheated. How would you approach the task that your superior assigned to you? Where will you makecuts?

Here are some points where we can cut the cost without affecting the employee and quality. First, we…

Answered: Suppose you are the human resource…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Your company is considering implementing a 360° appraisal system where up to 10 people in theorganization provide feedback on every employee as part of the annual performance appraisal process.This feedback will come from subordinates, peers, and senior managers as well as individuals in otherdepartments. You have been asked to prepare a memo to the director of human resources about thepositive and negative effects this could have on the motivation of employees. Note that not all of theemployees are on a bonus plan that will be impacted by this feedback.
Your best friend is considering a career in sales. What are the benefits of a sales career that you would share?
Identify appropriate total rewards strategies to increase employee retention, and explain how these strategies support the goals of the organization
Respond to the following in a minimum of 175 words: Your best friend has just come up with an idea for a new product for killing the weeds in his yard. It’s a 4-foot-long pole with an electric Taser at the end that you touch to a weed. You pull a trigger, and the Taser electrocutes the weed. The weed dies and disappears within a week. Pretty cool! Your buddy has found a manufacturer for his taser poles and is in the process of taking out a $50,000 loan against his house to start manufacturing. To support your friend, you suggest fleshing out the consumer benefit of the product. Explain the purpose of focusing on consumer benefit. Suggest some options of what the consumer benefit for this product might look like.
You are the compensation specialist at an organization making luxury bags that are particularly well received on the international market. Due to currency fluctuations, the profits this organization generates vary widely from year to year. Aiden Wong, who works for this organization, is in charge of a large product development group where the emphasis is on flexible performance, creativity, and “doing whatever it takes to get the job done.” What kind of reward system would you recommend for this group of employees? In particular, should there be a large incentive component? Should rewards focus mostly on money, or should this organization work hard to incorporate the other 12 rewards noted in Chapter 10 of the textbook?
What are the differences between defined contribution plans and defined benefit plans? Why are defined contribution plans gaining in popularity, while defined benefit plans are trending downwards
Assume that you have been asked by the owner of your medium-sized import and export company (200+ people) to develop a more competitive total reward program for different jobs in the company. He says he is concerned that employees complain about being underpaid compared to the market. The owner is concerned about employee retention and that his key employees will leave the company for the competition if he does nothing. Outline the steps you will follow to develop a more competitive total reward program. Make sure to give a rationale for the type of job evaluation system and market survey method you propose. The jobs the owner is most concerned about are: • Shipping and Receiving Manager and • Shipping and Receiving Clerk
What are the benefits of formal assessments? How can you gather information about a client’s preferences and ensure that preferences are not overlooked, misunderstood or miscommunicated
What criteria are used in a cost-benefit analysis?
Do you agree with the employee-customer-profit model? Why or why not? Use examples as appropriate.
You are the training supervisor for a mid-size city. The city manager and human resource manager meet with you and ask you to design a wellness program for city employees. The city manager tells you that the city health insurance will be reduced by 20% if the city has a wellness program in place and if they can convince 50% of the employees to actively participate in the program. There are currently 250 city employees ranging in age from 19 years to 67 years old. Forty percent of the employees are female and sixty percent are male. The city manager is concerned about the health of his employees' and he is concerned about the rising cost of insurance. The human resource manager shares with you that the primary health issues for the city employees have been high blood pressure, diabetes, heart disease, obesity and depression. In the design of your program, clearly identify the problem, include a needs assessment with supporting data, discuss the strategic plan that you want to…
Strongly Agree - The best way to encourage high performance is by using rewards and punishment. Briefly explain one reason for your answer to one of the items.

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