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For this assignment, students will be creating a hypothetical, growing, start-up organization where you will be assuming the role of a Compensation Director. The organization can be in any industry,
For this assignment, students will be creating a hypothetical, growing, start-up organization where you will be assuming the role of a Compensation Director. The organization can be in any industry, however it is suggested that the type of industry, general types of positions (i.e. laborers, entry-level, administrative, sales, specific professional positions, etc.) and an overall business strategy (i.e. opening new facilities in other locations, revenue growth, expansion into new markets, etc.) is established prior to beginning Part 2. *The “organization” should have at least three different levels of positions: entry-level, management/professional and executive. **The information in Part 1 should be included on a “Background” slide that precedes the actual presentation to the Board of Directors (in other words, this is for “internal to class” purposes” only).
Part 2 - Prepare a PowerPoint presentation for your firm's Board of Directors that summarizes your recommendations for the compensation structure for each of the different levels of positions. Your recommendations should address the type of compensation for each level of positions (i.e. base pay wage/salary, commission or both), incentive pay plans (if any, and also individual or group) for each level of positions, and the how “regular” pay increases will be determined (set percentage, Cost of Living Adjustment, Pay for Performance/Merit Base) as well as the rationale and support for your recommendations. Additionally, external workforce factors, such as: unemployment rates, market forces and other economic factors and trends should be included as well.
presentation should be narrated and “audience appropriate”.
Any and all citations and references must be APA format.