Question: Hide Folder Information Instructions Congratulations! You are the principal partner of your very own human resources consulting firm. You have accepted the contract to work
Hide Folder Information Instructions Congratulations! You are the principal partner of your very own human resources consulting firm. You have accepted the contract to work with Coleen Jones of Black Book Publishing. The background story / scenario is attached to the Assignment in iLearn. One of the first actions by Colleen is creating a five-year business plan that will turn the company around (from financially troubled to profitable), and part of this plan involves creating a strategic framework for compensation (this is your consulting work assignment.) Review the background information on Black Book Publishing, provided in the file attachment. Answer the subjects/questions contained in the following four subjects/question areas (which are part of the Five Steps to Effective Compensation.) Be sure to label each answer (Subject 1 through Subject 4) and provide specific references/citations for each answer. Subject 1 Employee Behaviour- using the reward system to achieve positive employee behaviours. Create a table which compares the three key employee behaviours (Chapter 3.) The table should have a column which states the current behaviour example (supported by fact(s) in the scenario) and a column which states the desired behaviour outcome (changes to the current behaviour you hope to achieve with compensation changes.) Example: Current Behaviour Desired Behaviour Task Membership Organizational Citizenship Choose only one behaviour (above) then state one single change to the current Reward System that you would implement in order to achieve the desired behaviour of one of the key employee behaviours listed in the table you created, and the reason you are proposing that change. Subject 2 Organizational Justice can lead to job dissatisfaction. What are the two main components or types of organizational justice? (maximum 4 word answer, no definitions required) The Black Book scenario has several examples where employees may have a perception of unfairness. List one example (including which main component of organizational justice may apply to the perception of unfairness), and two steps or actions you recommend to Colleen Jones in order to change the perception to one of fairness. Subject 3 Applying the compensation mix. State your recommendation to Colleen Jones whether the pay policy should Lag, Lead, or Match the market (one-word answer.) State (one sentence) your most important reason for choosing this pay policy (supported by evidence in the attached scenario Black Book Impressions.) Explain the outcome you propose to achieve. Subject 4 Performance Pay. The scenario suggests that Black Book Publishing is in a poor financial situation (cannot meet payroll.) Some Performance Pay Options would not increase financial liability to Black Book Publishing. There are ten (10) different Performance Pay options within the three (3) types (Individual, Group, Organization) State only one Performance Pay Option example and which type of Performance Pay Type it belongs to. Explain how the Performance Pay Option you chose does not increase financial liability to the company, and how it would motivate employees.
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