Question
You have recently been hired as a Compensation Consultant by Chet Rendersson of Rendersson Printing Co (RP) . He is concerned that he does not
You have recently been hired as a Compensation Consultant by Chet Rendersson of Rendersson Printing Co (RP) . He is concerned that he does not have enough funds in his account to meet payroll and wants to leave the business in a positive state when he retires in the next year or two. Chad at the urging of Lauramie Rendersson , his daughter, has asked you to step in and design a new total rewards strategy. You have visited the company in Halifax, Nova Scotia and interviewed the staff; you have identified the organizational problems and will provide a summary of these findings with your report. Using the roadmap to effective compensation (found below), prepare a written report for Chet Rendersson providing your structural and strategic recommendations for the implementation of an effective compensation system. Be sure to include all aspects of your strategy in your report, such as job descriptions, job evaluation method and results charts. The positions at Rendersson are: Production workers Production supervisors Salespeople Bookkeeper Administration employees Step 1 Identify and discuss current organizational problems and root causes of the problems Discuss the companys business strategy Demonstrate your understanding of the people Determine most appropriate Managerial strategy discussing the Structural and Contextual variables to support your findings. Define the required employee behaviours and how these behaviours may be motivated. Step 2 Discuss components of the compensation mix Consider feasibility of using performance pay and what types might work best Examine constraints Formulate the strategy Step 3 Complete a job analysis and use to write your job descriptions for each position Determine most appropriate job evaluation method and carry it out by using the form provided. Add work an appendix Explain how you propose to evaluate individuals performance Step 4 Design your plan Step 5 Create your implementation plan for the strategy. Plus Conclusion
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