This assignment should be submitted as an essay and include the following: a. Definition of compensation package. b. What four cost considerations would you take into account when revising the PTO section of your compensation plan? c. What four other considerations you would you take into account when developing a new PTO plan? d. Propose a new plan to the board of directors. The plan should be in the form of a table (spreadsheet), including PTO and other employee benefits.
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- Compensation and Benefits Administration You just finished analysing information for the current compensation and benefits program information. You find that some changes should be made, as the majority of employees (you have 120 employees) are unhappy with what is being offered. In fact, the plan had not been revised in over fifteen years, making it dated and definitely ready for some changes.One of the major points of contention is the Paid Time Off (PTO) the organisation offers. Employees feel the current system of sick time and vacation time offers too few options. For example, one employee says, “I often come to work sick, so I can still have my vacation time for my vacation.” Another employee says, “I have given nine years to this organisation, but I receive only three days more than someone who has just started.” Here is the current PTO offering:1+ year 7 days5+years 10 days10+ years 14 days.a. Definition of compensation package.b. What four cost considerations would you take…Scenario # 2: Compensation and Benefits AdministrationYou just finished analysing information for the current compensation and benefits program information. You find that some changes should be made, as the majority of employees (you have 120 employees) are unhappy with what is being offered. In fact, the plan had not been revised in over fifteen years, making it dated and definitely ready for some changes.One of the major points of contention is the Paid Time Off (PTO) the organisation offers. Employees feel the current system of sick time and vacation time offers too few options. For example, one employee says, “I often come to work sick, so I can still have my vacation time for my vacation.” Another employee says, “I have given nine years to this organisation, but I receive only three days more than someone who has just started.”Here is the current PTO offering:1+ year 7 days5+years 10 days10+ years 14 days. Adapted from: University of Minnesota Libraries Publishing (2016)…you just finished analysing information for the current compensation and benefits program information. You find thatsome changes should be made, as the majority of employees (you have 120 employees) are unhappy with what isbeing offered. In fact, the plan had not been revised in over fifteen years, making it dated and definitely ready forsome changes.One of the major points of contention is the Paid Time Off (PTO) the organisation offers. Employees feel the currentsystem of sick time and vacation time offers too few options. For example, one employee says, “I often come to work sick, so I can still have my vacation time for my vacation.” Another employee says, “I have given nine years to this organisation, but I receive only three days more than someone who has just started.”Here is the current PTO offering:1+ year 7 days5+years 10 days10+ years 14 days.This assignment should be submitted as an essay and include the following:a. Definition of compensation package.b. What four cost…
- Assume Bangladesh National Cricket Team needs to find a new head coach for the team. The cricket team’spresent and the future success largely depends on the formulations and implantation of the plans laid by thehead coach. The cricket board has given you the responsibility to prepare the job responsibilities of the newhead coach. You need to pinpoint very carefully which tasks he is supposed to do, as you also need to identifywhich skills and qualifications he must possess to do those required tasks smoothly. Prepare the job descriptionand job specification for the position of “Head Coach” of Bangladesh Cricket Team.You just finished analysing information for the current compensation and benefits program information. You find that some changes should be made, as the majority of employees (you have 120 employees) are unhappy with what is being offered. In fact, the plan had not been revised in over fifteen years, making it dated and definitely ready for some changes.One of the major points of contention is the Paid Time Off (PTO) the organisation offers. Employees feel the current system of sick time and vacation time offers too few options. For example, one employee says, “I often come to work sick, so I can still have my vacation time for my vacation.” Another employee says, “I have given nine years to this organisation, but I receive only three days more than someone who has just started.” What four cost considerations would you take into account when revising the PTO section of your compensation plan?You just finished analysing information for the current compensation and benefits program information. You find that some changes should be made, as the majority of employees (you have 120 employees) are unhappy with what is being offered. In fact, the plan had not been revised in over fifteen years, making it dated and definitely ready for some changes. One of the major points of contention is the Paid Time Off (PTO) the organisation offers. Employees feel the current system of sick time and vacation time offers too few options. For example, one employee says, “I often come to work sick, so I can still have my vacation time for my vacation.” Another employee says, “I have given nine years to this organisation, but I receive only three days more than someone who has just started.” Here is the current PTO offering: 1+ year 7 days 5+years 10 days 10+ years 14 days. What four other considerations you would you take into account when developing a new PTO plan?
- You just finished analysing information for the current compensation and benefits program information. You find that some changes should be made, as the majority of employees (you have 120 employees) are unhappy with what is being offered. In fact, the plan had not been revised in over fifteen years, making it dated and definitely ready for some changes. One of the major points of contention is the Paid Time Off (PTO) the organisation offers. Employees feel the current system of sick time and vacation time offers too few options. For example, one employee says, “I often come to work sick, so I can still have my vacation time for my vacation.” Another employee says, “I have given nine years to this organisation, but I receive only three days more than someone who has just started.” Here is the current PTO offering: 1+ year 7 days 5+years 10 days 10+ years 14 days. Propose a new plan to the board of directors. The plan should be in the form of a table, including PTO…You just finished analysing information for the current compensation and benefits program information. You find that some changes should be made, as the majority of employees (you have 120 employees) are unhappy with what is being offered. In fact, the plan had not been revised in over fifteen years, making it dated and definitely ready for some changes. One of the major points of contention is the Paid Time Off (PTO) the organisation offers. Employees feel the current system of sick time and vacation time offers too few options. For example, one employee says, “I often come to work sick, so I can still have my vacation time for my vacation.” Another employee says, “I have given nine years to this organisation, but I receive only three days more than someone who has just started.” Here is the current PTO offering: 1+ year 7 days 5+years 10 days 10+ years 14 days. Question Definition of compensation package. What four cost considerations would you take into…You just finished analysing information for the current compensation and benefits program information. You find that some changes should be made, as the majority of employees (you have 120 employees) are unhappy with what is being offered. In fact, the plan had not been revised in over fifteen years, making it dated and definitely ready for some changes. One of the major points of contention is the Paid Time Off (PTO) the organisation offers. Employees feel the current system of sick time and vacation time offers too few options. For example, one employee says, “I often come to work sick, so I can still have my vacation time for my vacation.” Another employee says, “I have given nine years to this organisation, but I receive only three days more than someone who has just started.” Here is the current PTO offering: 1+ year 7 days 5+years 10 days 10+ years 14 days. What four cost considerations would you take into account when revising the PTO section of your…
- You just finished analysing information for the current compensation and benefits program information. You find that some changes should be made, as the majority of employees (you have 120 employees) are unhappy with what is being offered. In fact, the plan had not been revised in over fifteen years, making it dated and definitely ready for some changes. One of the major points of contention is the Paid Time Off (PTO) the organisation offers. Employees feel the current system of sick time and vacation time offers too few options. For example, one employee says, “I often come to work sick, so I can still have my vacation time for my vacation.” Another employee says, “I have given nine years to this organisation, but I receive only three days more than someone who has just started.” Here is the current PTO offering: 1+ year 7 days 5+years 10 days 10+ years 14 days. Definition of compensation package.Your employees have been incurring a lot of overtime lately for staffing special events. You cannot afford to pay time-and-a-half for overtime, so you make a deal with your employees: if they work fifty hours this week, you will let them work thirty hours the next week and take a long weekend. They are happy and you are happy. Discussion Questions 1. Is this legally acceptable? Why? What can happen if you get caught doing this? Which agency monitors businesses and what might happen if you are reported? What legislation are you violating? 2. What is the best way to handle this staffing challenge?Develop three (3) program proposals that you think can help in improving the Job Satisfaction of employees in your company. (You may develop a new company or use an existing one) Provide the following details: COMPANY NAME: INDUSTRY: NUMBER OF EMPLOYEES: PROJECT NAME: HRM FUNCTION INVOLVED: OBJECTIVES: (at least three) HORT DESCRIPTION/ ILLUSTRATION OF PROJECT: DEPARTMENTS INVOLVED: PROPOSED BUDGET ALLOCATION: PROPOSED BUDGET SOURCING: