Wonder Company had no compensation structure in place. The company was in an acquisition mode and had no process in place for assimilating the acquisitions into its structure. There were no plan documents in place outlining terms and conditions for pay administration. There had been no comprehensive compensation analysis done in over three (3) years. A.• Understand the company’s current compensation structure and design future compensation Structure. B• Develop an approach for their new compensation structure. C• Create operating guidelines for compensation administration and processes. E• Design reward structure. Explain five ways in which HR can utilize information obtained from job evaluation to achieve compensation objectives
Wonder Company had no compensation structure in place. The company was in an acquisition mode and had no process in place for assimilating the acquisitions into its structure. There were no plan documents in place outlining terms and conditions for pay administration. There had been no comprehensive compensation analysis done in over three (3) years. A.• Understand the company’s current compensation structure and design future compensation Structure. B• Develop an approach for their new compensation structure. C• Create operating guidelines for compensation administration and processes. E• Design reward structure. Explain five ways in which HR can utilize information obtained from job evaluation to achieve compensation objectives
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
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Q. Wonder Company had no compensation structure in place. The company was in an acquisition mode and had no process in place for assimilating the acquisitions into its structure. There were no plan documents in place outlining terms and conditions for pay administration. There had been no comprehensive compensation analysis done in over three (3) years.
A.• Understand the company’s current compensation structure and
design future compensation Structure.
B• Develop an approach for their new compensation structure.
C• Create operating guidelines for compensation administration and
processes.
E• Design reward structure.
Explain five ways in which HR can utilize information obtained from job evaluation to achieve compensation objectives.
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