You are a consultant hired by the herrington specialty, Ask an Expert

Management Studies

You are a consultant hired by the Herrington Specialty Metal Sheeting Corporation of Detroit, Michigan to assist the HR Director in redesigning the compensation system. The organization has just gone through an acquisition of a smaller metal sheet company with similar products. Herrington has grown from 80 to 100 employees as a result. You are scheduled to meet with the HR Director and begin to discuss what will have to be considered. You plan to tell her about the strategic pay policies and pay models. Describe four strategic policy decisions that will have to be made in designing her compensation system. What are these strategic pay policies and how will they be relevant to the organization? In addition, indicate what goals a compensation system should have.

The four strategic policy decisions that one must make when creating a compensation system are intemal alignment, external competitiveness, employee contributions, and management. A compensation system should include efficiency, fairness, and compliance.

View complete question

Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M91948875

Have any Question?Write your Review or question?

Related Questions in Operation Management

Leaders are kept awake at night by hard business realities

"Leaders are kept awake at night by hard business realities: the need to generate profitable growth, reach markets quickly, protect their reputation, and anticipate the unexpected. But their deeper sleeplessness comes fr ...

Scenario apply the policy analysis model and ideas

Scenario: Apply the policy analysis model and ideas regarding sweatshops from the readings to a prominent recent case in Bangladesh. Briefly stated, a number of American and European firms which sell clothes have been bu ...

Population health as a result of the patient protection and

Population Health: As a result of the Patient Protection and Affordable Care Act, hospitals are increasingly being held accountable for the health of patients after they have been discharged from the hospital. The CEO of ...

Total quality management tqm is one of the most prominent

Total Quality Management (TQM) is one of the most prominent developments in management for the past two decades. TQM started in Japan in the early 1980s and spread to the Western countries and Australia. In the 1990s, TQ ...

Choose two of the educational or work experience

Choose two of the educational or work experience opportunities you identified and commit to doing them. In your discussion explain: Why you chose these opportunities? What skills will they help you build, or what job req ...

1 find a company that you think has ethics social

1. Find a company that you think has ethics, social responsibility, or environmentally sustainable polices that directly contribute to its competitive advantage. Be specific about how such policies contribute to the firm ...

Each day you observe numerous practices in your office that

Each day, you observe numerous practices in your office that are not "environmentally friendly" and that also cost your company money. A lot of paper is wasted, for instance, on print jobs that no one claims. Identify on ...

1 how is batna best alternative to a negotiated agreement

1. How is BATNA (Best Alternative to a Negotiated Agreement) used in negotiations? 2. How can negotiators deal with the other party's use of deception? 3. Explain the strategies and tactics standards in negotiation.

1 explain the application of rfid as a process technology

1. Explain the application of RFID as a process technology and how RFID has helped American Apparel. 2. Explain why American Apparel only have one of each item on the shelves and how RFID help the organisation to achieve ...

1 a team of six workers assembles furniture if this team

1. A team of six workers assembles furniture. If this team can assemble 240 chairs in five days, working eight hours per day, what are: The team’s labor productivity in chairs per day? The team’s labor productivity in ch ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Operation Management Expert