As HR director at Crangle Fixtures, your bonus this year is based on your ability to cut employee benefit costs. Your boss has said that it’s okay to shift some of the costs over to employees (right now they pay nothing for their benefits) but that he doesn’t want you to overdo it. In other words, at least one-half of your suggestions should not hurt the employee’s pocket book. What alternatives do you want to explore, and why?
Answer to relevant QuestionsDescribe how a benefits program might increase worker attraction, retention, and motivation. Why are defined contribution pension plans gaining in popularity in the United States and defined benefit plans losing popularity? Why is it easier to explain a $2 million payout to Tiger Woods for working four days to win a Masters Championship than it is to explain why William Clay Ford made $30 million as CEO of Ford Motor Company? Develop arguments for and against “typical” Japanese-style, “typical” German-style, and “typical” U. S. -style approaches to pay. Using the global guide, what factors are causing each approach to change? What kinds of proactive activities can an employer undertake to enhance the regulatory environment?
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