Understanding Business
12th Edition
ISBN: 9781260092332
Author: Nickels
Publisher: McGraw-Hill Education
expand_more
expand_more
format_list_bulleted
Question
Chapter 11, Problem 3CE
Summary Introduction
To discuss: The task performed, skills needed, pay and opportunity outlook of the career.
Introduction: Benefit manager are those who analyze and design benefits programs like medical, life and many others of the employee and ensure that they are benefited.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solutionStudents have asked these similar questions
As an associate member of the institute of human resources, you have been invited to give a presentation on employee benefits. Briefly outline your presentation under the following sub headings
Justification for employee benefits Statutory benefits and their importance Factors considered in benefit planning Effective administration of benefits
Remuneration packages need to be created, managed and distributed efficiently. This is where human resource professionals that specialize in compensation and benefits get involved.
Why would an employer determine whether its benefit package is attractive to employees and equal, if not better, than that offered by other similar employers?
Merit pay plans appear to be the most common form of compensation in the United States. Although widely used, these systems are not suitable for all kinds of jobs. Based on your knowledge of merit pay systems, identify one job for which merit pay may be appropriate. Explain in detail why you chose the job for appropriate merit pay and the job you chose as not appropriate.
Chapter 11 Solutions
Understanding Business
Ch. 11.1 - Prob. 11.1AQCh. 11.2 - Prob. 11.2AQCh. 11.2 - Prob. 1TPCh. 11.2 - Prob. 2TPCh. 11.2 - Prob. 3TPCh. 11.2 - Prob. 4TPCh. 11.4 - Prob. 11.4AQCh. 11.5 - Prob. 11.5AQCh. 11.5 - Prob. 5TPCh. 11.5 - Prob. 6TP
Ch. 11.5 - Prob. 7TPCh. 11.5 - Prob. 8TPCh. 11.5 - Prob. 1MEDCh. 11.6 - Prob. 11.6AQCh. 11.6 - Prob. 11.6BQCh. 11.6 - Prob. 11.6CQCh. 11.7 - Prob. 9TPCh. 11.7 - Prob. 10TPCh. 11.7 - Prob. 11TPCh. 11.8 - Prob. 11.8AQCh. 11.8 - Prob. 11.8BQCh. 11.9 - Prob. 11.9AQCh. 11.10 - Prob. 11.10AQCh. 11.10 - Prob. 12TPCh. 11.10 - Prob. 13TPCh. 11.10 - Prob. 14TPCh. 11 - Prob. 1CECh. 11 - Prob. 2CECh. 11 - Prob. 3CECh. 11 - Prob. 4CECh. 11 - Prob. 1CTCh. 11 - Prob. 2CTCh. 11 - Prob. 3CTCh. 11 - Prob. 4CTCh. 11 - Prob. 5CTCh. 11 - Prob. 1DCSCh. 11 - Prob. 3DCSCh. 11 - Prob. 4DCSCh. 11 - Prob. 5DCSCh. 11 - Prob. 1VCCh. 11 - Prob. 2VCCh. 11 - Prob. 3VC
Knowledge Booster
Similar questions
- Assume you are an HR business partner and leader in a full-size HR department for your organization. Based on what you have learned about business employment law, what three or four concepts, tools, methods, or practices would you recommend as important best-practice approaches to help organizations implement better policies to safeguard against employment law violations? Be sure to explain why you made these particular choices.arrow_forwardThere are 4 basic parts of a compensation system. Which one do you think is the most important when recruiting new employees, and why? Which one is most appealing to you when you begin a job search upon graduation, and why?arrow_forwardBased on your experience developing a Total Rewards strategy for this course, what advice would you give HR professionals when undertaking such a task, e.g., what guiding principles should they be aware of? How much time should they allot for such an endeavor? What resources will they need to accomplish this? Examine the role of ethics and corporate social responsibility and its influence on the development of Total Rewards for an organization. For example: How might CSR influence a company’s interpretation of employee pay? What role do budget constraints play in corporate social responsibility?arrow_forward
- You are asked to recruit an Account Manager for your company. As an HR executive, explain your plan of action to fill the position.arrow_forwardPerformance appraisal systems are crucial components of effective human resource management, providing a structured framework for evaluating employee performance and contributions. These systems typically involve setting clear performance expectations, assessing employee achievements against predetermined goals, and providing constructive feedback Additionally, performance appraisals often inform decisions related to promotions, compensation, and professional development opportunities. By implementing fair and transparent appraisal systems, organizations can motivate employees, identify areas for improvement, and align individual goals with overall business objectives. Question: How can organizations ensure that performance appraisal systems remain objective and free from biases or favoritism?arrow_forwardHow does the implementation of a compensation plan contribute to the strategic goals and overall success of companies?arrow_forward
- How are benefits designed for employees? Explain the types of benefits that are offered by employers. Should all employers have to offer benefits?arrow_forwardHuman resource helparrow_forwardImagine you have just started working as the HR manager for a new start-up company. You have been asked by the president of the company to create an employee handbook. What is the most commonly litigated wage and hour violations and why? Who do you recommend within the organization assist with the final development and creation of the employee handbook and why?arrow_forward
- You are asked to establish a worker’s compensation program in your organization that better manages your organizations workers’ compensation exposure. Identify six (6) specific services that you would include in this program and describe the value of each to the overall program.arrow_forwardWe are discussing compensation in companies: What are some of the differences between internal and external employee equity in relation to standards for compensation in companies and the industry in which they do business?arrow_forwardExplain why HR practitioners play the role of "architects of the future" by creating and putting into practice plans that draw in, keep, and grow a high-achieving workforce?arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Understanding BusinessManagementISBN:9781259929434Author:William NickelsPublisher:McGraw-Hill EducationManagement (14th Edition)ManagementISBN:9780134527604Author:Stephen P. Robbins, Mary A. CoulterPublisher:PEARSONSpreadsheet Modeling & Decision Analysis: A Pract...ManagementISBN:9781305947412Author:Cliff RagsdalePublisher:Cengage Learning
- Management Information Systems: Managing The Digi...ManagementISBN:9780135191798Author:Kenneth C. Laudon, Jane P. LaudonPublisher:PEARSONBusiness Essentials (12th Edition) (What's New in...ManagementISBN:9780134728391Author:Ronald J. Ebert, Ricky W. GriffinPublisher:PEARSONFundamentals of Management (10th Edition)ManagementISBN:9780134237473Author:Stephen P. Robbins, Mary A. Coulter, David A. De CenzoPublisher:PEARSON
Understanding Business
Management
ISBN:9781259929434
Author:William Nickels
Publisher:McGraw-Hill Education
Management (14th Edition)
Management
ISBN:9780134527604
Author:Stephen P. Robbins, Mary A. Coulter
Publisher:PEARSON
Spreadsheet Modeling & Decision Analysis: A Pract...
Management
ISBN:9781305947412
Author:Cliff Ragsdale
Publisher:Cengage Learning
Management Information Systems: Managing The Digi...
Management
ISBN:9780135191798
Author:Kenneth C. Laudon, Jane P. Laudon
Publisher:PEARSON
Business Essentials (12th Edition) (What's New in...
Management
ISBN:9780134728391
Author:Ronald J. Ebert, Ricky W. Griffin
Publisher:PEARSON
Fundamentals of Management (10th Edition)
Management
ISBN:9780134237473
Author:Stephen P. Robbins, Mary A. Coulter, David A. De Cenzo
Publisher:PEARSON