Problem:
A compensation manager can gather data and analyze what is impacting the company. By collecting this data, they can develop a strategic plan with a business strategy to help the company with wages and benefits. Easy Spa would benefit from hiring a compensation professional in various ways. The company has a HR Director, HR Generalist, Recruiter and Administrative Assistant. In this case the Compensation Manger will solely focus on compensation and benefits structure. The new manager will focus on strategizing and putting together the best benefit package, also, focus on pay and find areas where the company could benefit from saving. Another way that EasySpa can benefit from a compensation professional is by having this person attract the best people. As Jay prepares to meet with the CEO, he should talk about the benefits of having a compensation professional in the company and the help it would bring to the company, The innovations and changes of a more effective compensation package for the employees. Jay should focus on explaining to the CEO the benefits which will include having someone hired by the company instead of consulting with an outside consultant. Having a consultant in the company will give better results since this person will be working for the company and focusing in making things better and having positive results. As a fulltime employee this person will have a commitment to the company. The consultant will focus on the employees and reduction of turnover by creating a proper incentive package that will be beneficial for the employees