- APA. Word count for each answer should be 200 words
- Book reference
Martocchio, J.J. (2013). Strategic compensation: A human resource management approach (7th ed.). Upper Saddle River, NJ: Prentice Hall.
Why is strategic compensation important for the long-term success of a company? Provide detailed steps that company should take to create a long-term strategic compensation plan.
Select and describe three laws that impact strategic compensation plans.
Choose three external compensation forces and explain their influence on the design and execution of an organization’s compensation strategy.
Three external compensation forces are laws, labor unions, and market forces.
What actions can an organization take to link employee performance measurement to identified business goals? Describe specific steps, and how they connect pay for performance.
Identify and explain the disclosure requirements for executive compensation as established by the Securities and Exchange Commission (SEC). Using an Internet search engine, look up an executive compensation disclosure report for a company of your choice and provide a link to that information into the response box. Indicate the specific dollar amount for each SEC required category. Make sure you identify and explain any descriptions under other compensation.
You are the human resources manager for a small technology company. Currently you have 50 regular full-time employees. The CEO wants to add additional staff to complete a project, but is not comfortable with hiring the ten people that are needed for the project all at once as full-time employees. Based upon your knowledge of contingent and alternative work arrangements, what would you suggest to the CEO? Draft a memo to the CEO explaining your recommendations. Make sure you justify your reasons as to why you chose the options you selected. You will need to cover ten full-time positions using contingent workers.