Project Homework: Compensation & Benefits
The Lollipop Company, Inc. needs your help with the current compensation and benefits plan. Leadership expects you to use your evaluation skills, combined with or built upon your knowledge, application, and/or analysis skills, to help solve this dilemma. The current plan is viewed as fair by the CEO and Leadership but several employees have complained it's not enough. The current employee status is as follows:
A. 1 CEO with a base salary of $150,000 and benefits that equal 40% of the salary
B. 3 additional executives (senior management) with a combined base salary of $300,000 and each receives benefits that equal 35% of the salary
C. 6 middle management personnel with a combined base salary of $420,000 and each receives benefits that equal 30% of the salary
D. 10 first-line supervisors with a combined base salary of $500,000 and each receives benefits that equal 25% of the salary
E. 150 non-supervisory employees with a combined base salary of $4,500,000 with an average individual salary of $30,000 and each receives benefits that equal 25% of the salary
F. For this project homework on Lollipop Company, Inc. complete a minimum 3-page business professional report selecting and organizing expert information that is useful for a CEO and addresses the following concepts:
G. Visit the Rasmussen online Library and search for a minimum of 4 articles covering the topics of FMLA and workplace safety. Conduct academic research using the library's databases, like:
a. Discovery
b. ASP: Human Resource Management Online
c. Business Source Complete via EBSCO
d. Business via ProQuest
H. How would market research provide information about compensation and benefits when designing a compensation and benefits plan? How should the CEO use this market research for the company's plan?
I. How does the company achieve a balance between financial and non-financial compensation and benefits?
J. What type(s) of primary and secondary research would you recommend be conducted? What are the benefits? Explain.
Format your homework according to the give formatting requirements:
a. The answer must be double spaced, typed, using Times New Roman font (size 12), with one-inch margins on all sides.
b. The response also includes a cover page containing the title of the homework, the course title, the student's name, and the date. The cover page is not included in the required page length.
c. Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.