Assignment task: You have been hired by the Gravity Payments Board of Directors to be an HR consultant because the company is dealing with the sudden resignation of their CEO. The CEO (Dan Price) has been accused of abuse by several females (and was also accused by his brother back in 2016 of awarding himself excessive compensation which affected his brother as a shareholder).
Before this happened, Dan was a popular CEO who made national news when he offered his employees a guaranteed minimum salary of $70K per year.
Your task is to provide substantive advice to the Board of Directors regarding the foreseeable future of Gravity Payments.
Your advice needs to address the following:
1. From a strategic HR perspective - what should happen in the near term (remainder of 2022)?
2. What changes or policies should be put into place for future recruitment & selection of employees, including the CEO and his/her upper management team?
3. What will you do about compensation? Can the company afford to pay the new CEO what CEO's expect to be paid AND keep the minimum salary at the company set at $70K? What might a new compensation/motivation/incentive program look like for this company?
4. What should change regarding training & development and/or performance management to improve Gravity Payments overall?
5. Do you feel like Gravity Payments is at risk of being unionized - why or why not?
6. Other suggestions to improve the overall well-being of Gravity Payments as a company.