Students are required to Answer all the Following Questions in Sections One & Two. Answers will be submitted in a report between 2800- 3000 words (Times New Roman, 12pt, 1.5 spacing- and support with references APA Style)

Section One: READ THE FOLLOWING CASE STUDY AND ANSWER THE QUESTIONS BELOW

A recent campaign by organized labor unions has brought the issue of executive compensation into the public eye. Media coverage of executive compensation concerns has been extensive over several weeks. This high coverage has highlighted public concerns of the high level pay of top executives.

The publicity has caused some turmoil at oakwood lawns. For the first time, the companys CEO pay is featured as an example of perceived excess in the executive suite and the media mentioned that oakwood lawns is among the highest paid in the country. Moreover, several field managers have been in touch with the HR director, to report that employees are outraged at the rate of pay of the CEO. The HR director knows that such a rage would lead to low employee morale and other problems; the company has 15,000 employees.

The union targeted oakwood lawns because it is a big company with some financial problems. The CEO gets a large annual salary, add in a bonus, stock awards, retirement benefits and other benefits. Oakwood CEOs annual salary is $975,000 with a total compensation package of around $10 million a year, while the average technician in the country is around $28,000 annually. This disparity is a real concern.

1-You have been hired as an HR consultant to this company, at the first meeting with the HR Director and the Board members you are required to thoroughly discuss the following to have common grounds for the decisions to be taken afterwards:

2-What Additional Information about the CEO Package should you share with the employees, stakeholders and the public? (use the following to answer the question) (25 Marks) (Minimum of 700 words)

3-Identify the key players in setting executive compensation & Detail their different roles.

4-Critically evaluate the main principles and processes of setting executive compensation and the CEOs Performance measurement.

5-For the CEOs annual salary is $ 75,000, propose the monthly basic salary and other compensation components.

6-Critically evaluate the Wage differentials and Pay Disparity in the above case to ease the concerns of the employees. (use the following to answer the question) (25 Marks) (Minimum of 700 words)

7-Identify sources most employers use to benchmark compensation structures.

8-State How frequently should we be formally reviewing compensation?

9-State What should we do if we find that pay isn't in line with the market in light of Legal and Government requirements.