Strategic Compensation A Human Resource Management Approach 10th Edition Joseph Martocchio - Solutions

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Explain how and why the compensation of deckhands in a given season depends on the supply of available deckhands willing to work during that season. LO4
When designing a bonus system, you want to reserve the right to make adjustments LO4 to fine-tune and improve it over time, but such flexibility makes your employees nervous that you might renege via wage theft or the ratchet effect.Given that tradeoff, what advice would you give Legend’s
Focus on a particular job that is typically held in a nursing home, that meets the FLSA’s salary basis, and that may receive bonus pay. Describe the tasks (as best as you understand or can imagine them) and explain how you would structure LO4 the bonus system. Explain what performance measure you
Although this case involved wage (i.e., bonus) theft, the legal claim was not about recovering the unpaid bonuses. Instead, it was about an indirect consequence of that wage theft that (allegedly) entitled the employees to overtime pay.Focusing on the theft itself, is there anything in particular
In general, does the fact that you were sued by your employees (regardless of the outcome) automatically imply that you should change your compensation and HR policies?(a) In the present case, are there any changes to compensation and HR policies LO4 that you’d recommend? If so, explain what they
If you are the employees’ manager, you have a challenging situation on your hands that will persist even after the court case ends. The employees are LO4 disgruntled, and they remain your employees. How will you handle this situation?(a) Is your answer to that question different if you win in
Should the Court dismiss Count 7, as requested by Legend? Explain. LO4
Which side has the stronger legal case on Count 1? Explain. LO4
If you have read Chapters 6 and 7, explain how you might use the methods in those chapters to develop a better formula. What type of data would you need, how would you obtain the data, and how would you conduct the analysis? LO4
According to Buffer’s finance team (the group that created and maintains the salary formula), when it sought external input and advice, people tended to ask,“Why would you pay your team members with more generosity than you need to?”Their response, as stated on Buffer’s website, was,
In which industries, or particular firms, would Buffer’s approach be particularly LO4 problematic, and why?
On the company website Buffer’s finance team describes the salary formula as a LO4“work in progress”, and it has gone through three versions in four years.(a) What are the advantages and disadvantages of regularly updating and finetuning the salary formula?(b) When the salary formula was
If a formula is used, what are the advantages and disadvantages of divulging the LO4 formula to employees? To the general public?
What are the advantages and disadvantages of using a formula like Buffer’s to compute compensation for every worker in the firm, regardless of whether or not LO4 the formula is divulged to employees or the general public?
Suppose that, instead, the company had disclosed the salary information to all of LO4 its workers internally, but not to the outside world. For example, since 1986, Whole Foods has allowed all of its employees to learn the salary of any worker in the company, simply by visiting the HR office. In
What are the advantages and disadvantages of making everyone’s salary at LO4 Buffer public on the company website?
What Constitutes “Fair” Compensation? LO4
How Does Compensation Relate to Incentives and Productivity? LO4
Who Receives Compensation, and Who Doesn’t? LO4
Who Cares about Compensation? LO4
What Is Your Organization’s Objective? LO4
What Is Talent Management? LO4
What Is “Strategic” Compensation? LO4
What Is Compensation? LO4
Variable dollar match: $1 per each $1 employee contribution on the first 2 percent of pay and 75 cents per $1 employee contribution for the next 3 percent of pay. What is the employer’s contribution for (a) Amanda,(b) Shiyu, and (c) Onkar? What is the total contribution
Pay Range B: For a pay range midpoint equal to $53,750, calculate the minimum and maximum pay rates for a 25 percent range spread.
What is the employer’s contribution for (a) Amanda, (b) Shiyu,(c) Onkar?
Based exclusively on employing part-time workers, (a) How many are needed to complete the project? (b) What is the estimated total cost of wages and benefits?
Discuss at least one advantage and one disadvantage of increasing the minimum wage. Consider this action’s impact on the company.
What are some of the considerations associated with changing from the use of employee ratings to continuous discussions in appraising employee performance?
From a total compensation perspective, what can companies do to ward minimizing the negative impact of the compensation-productivity gap?
Do you agree or disagree with comparable worth advocates’ perspectives on the gender wage gap? Explain.
Should companies make their pay systems transparent? Explain.
As minimum wage continues to rise, how might companies adjust staffing to minimize increased costs?
What are your reactions to the following statement? Merit pay grids have the potential to undermine employee motivation. Discuss your views.
Compression represents a serious dysfunction of pay structures. What are some of the major ramifications of compression? Also, how can companies can minimize or avoid these ramifications?
From each perspective, what are some of the arguments for and against pay transparency practices?
What do you believe companies should do? Explain.
How should companies address red circle rates for high performers and low performers, respectively?
Briefly discuss designing job-based pay systems (e.g., merit pay, sales incentive pay) and person-focused programs. What considerations arise when making a transition from using a job-based pay system to using a person-focused plan?
Many compensation professionals are faced with making choices about which discretionary benefits to drop because funds are limited and the costs of these benefits continually increase. What benefits would you most likely eliminate? What would you least likely eliminate? Explain your rationale.
What are your beliefs about whether discretionary employee benefits should be an entitlement or something earned based on job performance? Explain.
Assume that you are an HRM professional whose responsibility is to develop a brochure for conveying the value of your company’s benefits program to potential employees. Your company has asked you to showcase the benefits program in a manner that will encourage recruits to join the company. Which
Conduct some research in order to identify examples of innovative benefit practices. A useful starting point is an Internet search using phrases such as “best companies to work for.” What are some of the more innovative benefit practices that you found? Explain.
What aspects of Beco’s benefits program would likely be the least appealing to Robert? Discuss.
What are some of the various work and non-work goals after graduation from school for each time frame? Briefly describe them.
What are two employee benefits that will support the attainment of these goals during each time frame? Explain.
If a company’s budget were extremely limited and could only afford to offer one benefit, which would you select? Provide your rationale.
Name at least one discretionary benefit practice that would help companies to have better control over absenteeism.
What are some of the choices an employer may make to help control health care costs? Explain.
How do legally required benefits relate to a company’s competitive advantage? And, which benefit do you feel is most impactful? Explain.
How does the instability for the Social Security system affect retirement benefit planning at Taylor Foods?
Should Gavin consider the possibility of employees delaying retirement in the company’s human resource planning process?
As Gavin Jackson leaves the monthly professional luncheon for human resource executives in his area, he starts to consider how the information he learned will affect his company, Taylor Foods. The program speaker provided an update on the Social Security system and how challenges in financing the
If the taxable wage base were to increase to $135,000, how much do the employer and employee pay in total for OASDI each monthly pay period for(a) Ana,(b) Roberto,(c) Maria,(d) Jim?
What are some of the facts and ideas that you learned? Describe them.
Which fact or idea about the benefit did you find the most surprising? Explain.
Do you think eliminating benefits is a good way to cut costs? Explain.
If you had to eliminate benefits at VentaCare, what would you eliminate? Why?
Do you believe that say on pay should be a binding vote rather than an advisory vote? Explain?
What are the differences between enhanced benefits and perquisites?
Do you feel that executive pay is fair or unfair? Explain.
How does a stock option plan provide an incentive for executives?
Which plan would be better for Safeguard Insurance, the incentive stock option plan or the phantom stock plan?
What are some of the issues you identified for each company? Describe them.
Based on your knowledge of these companies, do you believe the executive’s compensation in each company is justified? (Do not be concerned with the amount. Just assume that the compensation is lucrative.) Explain.
Summarize three forms of deferred (stock) compensation.
What are the objectives of the say-on-pay rule? Do you think that shareholders should be limited to taking an advisory vote or should shareholders be able to determine an executive’s compensation?
Will making changes to the company’s healthcare insurance benefit affect the company’s ability to recruit and retain employees?
Should companies limit telecommuting arrangements to some job groups rather than all job groups? Explain.
What do you recommend MedEx do? Why?
What are some of the key features that you found on Freelancer.com, Guru.com, and Monster.com? Explain.
Assume that your company has asked you to calculate the cost of staffing the project with a combination of full- and part-time workers. You’ve already hired 225 full-time workers. (a) How many part-time workers should you hire? (b) What is the total cost of wages and benefits based on
Which jobs did you choose? Explain.
Do you believe pay-for-performance is appropriate for all countries? Explain.
Calculate your colleague’s new base pay rate.
Based on your calculations for the previous questions, how much will your colleague receive for her one-year assignment in Beijing, China?
What are two important topics that you will address with the team? Explain the rationale for your choices.
What did you find most unique about the destination country?
Describe the two choices available to companies to protect expatriates from double taxation. Which of the two approaches is most fair to expatriates and why?
From the company’s standpoint, what are the pros and cons of following the balance sheet approach?
What are the main differences between paid time-off practices in the United States and one other country discussed in this chapter.
What are some challenges Ellie is going to face in creating the new benefits packages for the international locations?
Director of Human Resources Ellie Gomez at Suds Microbrewery has helped success- fully open 20 new brewery locations across the United States in the past 10 years. Suds Microbrewery is a successful chain that was started with one location in the Midwest and quickly grew. The company brews several
State whether the rate of change for the more recent 5-year period (2012-2016) was lower than or higher than the rate of change for the earlier 5-year period (2007–2011) in each country: (a) The United States, (b) Australia, (c) Singapore, (d) Denmark, (e) Italy.
For your chosen country, what have you learned about the structure of the government? How does the governmental structure compare to another country of your choice (any country discussed in this chapter)? Explain.
Human capital theory has been advanced as a rationale underlying seniority pay. Identify two individuals you know who have performed the same job for at least 2 years. Ask them to describe the changes in knowledge and skills they experienced from the time they assumed their jobs to the present.
Consider a job that you have held. Write a brief job description. Then, develop a behaviorally anchored rating scale (BARS). What are some of the strengths and weaknesses associated with BARS?
Merit pay plans appear to be the most common form of compensation in the United States. Although widely used, these systems are not suitable for all kinds of jobs. Based on your knowledge of merit pay systems, identify one job for which merit pay may be appropriate and another for which it may be
Should companies abandon traditional performance appraisal methods in favor of frequent conversations about employee performance? Explain.
Should HR have the ability to insist that the forms be “completed right away”? Discuss.
Many managers would agree with Rajiv’s beliefs that performance appraisals are a nuisance and unnecessary. What are the disadvantages in doing away with performance appraisals?
All pay rates typically increase each year based on changes in the Consumer Price Index. Calculate the Grade 7 WGI amount based on an overall 3 percent increase.
What are some of the tools available to users of Careeronestop? Which (one or two) resources(s) do you feel will be most helpful as you think about finding full-time employment after earning your degree? Explain.
Job descriptions for jobs with the same titles will vary somewhat because companies customize them to fit the situation. What are some similarities and differences that you found? Based on those differences, how likely are you to recommend different pay rates? Explain.
Using the principles of seniority pay and merit pay, explain whether you believe it makes sense to apply both programs simultaneously.
What do you think Sally should do?
How did you handle free riders? Explain.
In situations where you experienced free riders, could the evaluation of student performance have been structured differently? Explain.
Write a draft job description (no longer than one page) for a job that you have had according to the principles described in this chapter. Which tasks and responsibilities were most challenging to express in writing? Explain.

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Strategic Compensation A Human Resource Management Approach 10th Edition Joseph Martocchio - Solutions

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