Posted: September 3rd, 2015

Methods an HR professional could use to determine incentive pay.

Recognizing Employee Contributions
You are the HR manager of a relatively new retail company that has both retail stores and Internet sales. Your company is steadily growing in revenue and profitability. The company realizes that in order to retain the solid, highly productive workforce it currently has in place, it is important to enhance the base compensation and benefits package offered to the employees. The company currently offers a basic compensation program and only federally mandated benefits. Employee surveys suggest the compensation and benefits program may be out of date. Employees are beginning to consider leaving the organization.

Write a five (5) page paper in which you:

1. Thoroughly propose two (2) methods an HR professional could use to determine incentive pay. Thoroughly specify the principal manner in which the proposed methods take into consideration individual, group, and company performance. Thoroughly justify your response.

2. Thoroughly examine the core legal requirements affecting employee benefits in today’s competitive environment. Thoroughly determine the legally mandated benefits that the company must currently offer to its employees.

3. Thoroughly recommend at least six (6) additional benefits that the organization should consider providing to its employees. Thoroughly suggest at least five (5) important concepts that a company must consider when designing benefit plans. Thoroughly provide a rationale for your response.

4. Thoroughly assess the efficiency of common techniques for effectively communicating compensation and benefit plans to employees. Thoroughly support your answer.

5. Thoroughly suggest four (4) ethical risks of making incentive pay a large portion of employees’ total compensation. Thoroughly propose three (3) recommendations for ways the company might mitigate or reduce these risks.

6. Use at least six (6) quality academic (peer-reviewed) resources in this assignment. Note: Wikipedia and other Websites do not qualify as academic resources.

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