24/7 — Client Support

+1(304) 900-6229

Write an essay explaining your new compensation strategy for the mid-level manager position you still need to fill. Your audience is the chief executive of

Write an essay explaining your new compensation strategy for the mid-level manager position you still need to fill. Your audience is the chief executive officer (CEO) and other supervisors in your organization. In this essay, include the items listed below.

After a brief introduction, explain how equal employment opportunity laws impact the organization’s compensation strategy.

Compare and contrast the advantages and disadvantages of pay-for-performance and competency-based pay. What strategy would you recommend for your organization, and why?

Explain how various motivational theories can factor into your development of a multi-generational compensation package for your whole organization that includes indirect benefits. Be sure to give specific examples of how different generations of applicants or employees will be affected.

Explain your proposed compensation package, which should include direct and indirect benefits and how the package will affect hiring and retention. Be sure to specifically identify how much you will pay the mid-level managers, and indicate how it compares to your state and the federal minimum wage. You can search the Internet for sites that list comparable pay data. You should identify a low, medium, and high pay range for the mid-level manager.

Explain how you will assess the effectiveness of the compensation strategy a year from now.

Your essay will contain a one-page appendix in which you will create a chart of your compensation strategy. This chart should have three columns, which should address the areas listed below:

legally mandated benefits,  

direct benefits (include how much you will pay the mid-level managers), and  

indirect benefits.

Your essay will be a minimum of five pages in length, not counting the appendix, title page, or references page. You must use at least two sources to support your essay. Adhere to APA Style when constructing this assignment, and make certain to include in-text citations and references for all sources that are used. Please note that no abstract is need

Share This Post

Email
WhatsApp
Facebook
Twitter
LinkedIn
Pinterest
Reddit

Order a Similar Paper and get 15% Discount on your First Order

Related Questions

5C001 Evaluate the advantages and disadvantages of the organisation structure in your organisation (or an organisation with which you are familiar) and

5C001 Evaluate the advantages and disadvantages of the organisation structure in your organisation (or an organisation with which you are familiar) and evaluate the advantages and disadvantages of one other organisation structure. Within the evaluation, you should include the reasons underpinning the structure. (AC 1.1) Analyse connections between your organisation’s

Quoting available studies, answer the following questions:      I.        Does hormonal imbalances cause someone to develop deviant behavior or commit

Quoting available studies, answer the following questions:      I.        Does hormonal imbalances cause someone to develop deviant behavior or commit crimes     II.        Does neurological disorders like epilepsy, parkinson’s disease and huntington’s disease cause deviant behavior and the likelihood to commit crimes?   III.        Does chronic illness or pain cause deviant behavior or likelihood to commit

In this project, you will demonstrate your mastery of the following competencies:Prepare and present internal and external reports. Monitor and evaluate

In this project, you will demonstrate your mastery of the following competencies: Prepare and present internal and external reports. Monitor and evaluate performance. Recommend opportunities for performance improvements. Scenario You are a former Navy officer and fighter pilot, and you are now the controller of a division of TransGlobal Airlines,

In this project, you will demonstrate your mastery of the following competencies:Prepare and present internal and external reports. Monitor and evaluate

In this project, you will demonstrate your mastery of the following competencies: Prepare and present internal and external reports. Monitor and evaluate performance. Recommend opportunities for performance improvements. Scenario You are a former Navy officer and fighter pilot, and you are now the controller of a division of TransGlobal Airlines,