Question
Assignment - Employee Compensation as well as Benefits
This assignment comprises of two (2) sections- a narrative as well as a PowerPoint presentation. You should submit two (2) sections for the completion of this assignment. Label every file name according to the section of the assignment it is written for.
Imagine that you have just been borrowed by a new company as the director of the HR department. You have been tasked to appoint a new secretary for the department as well as to develop an employee compensation as well as benefits package that will be used for that position upon hire. Cultivate a PowerPoint presentation to present this information to your Vice President. Go to the Bureau of Labour Statistics' (BLS) Website, for information regarding organizations as well as pay in your geographical area.
Section 1- Narrative
Write a two to three (2-3) page paper in which you-
1. Choose the kind of organization for which you are designing the package.
2. Develop an employee compensation as well as benefits package for this new position. Support your thoughts for the compensation/benefits package.
3. Use at least three quality academic resources in this assignment. Note- Wikipedia as well as other Websites don't qualify as academic resources.
Section 1 of your assignment should follow these formatting requirements-
1 Be typed, double spaced using Times New Roman font (size 12), with one-inch margins on all sides, citations and references should follow APA or school-specific format.
2 Include a cover page containing the title of the assignment, the student's name, the professor's name, the course title, and the date. The cover page as well as the reference page are not included in the required assignment page length.
Section 2: Presentation
3 Produce a twenty slide PowerPoint presentation in which you
4 Provide an overview of the employee compensation as well as benefits package that you developed in the narrative portion of this assignment
5 Regulate if the employee will be exempt or else non-exempt and discuss how overtime will be handled.
6 Suggest other welfares that might be considered within the next few months to improve employee performance as well as provide job motivation.
7 Offer information on how government regulations will influence the compensation.
8 Study data from two organizations listed in the BLS Website with packages similar to yours, focusing on salary, compensation as well as benefits in order to convince upper management that your package should be accepted as well as implemented.
9 Define how the competitive compensation as well as benefits package will align with the HRM strategy.