Write an essay explaining your new compensation strategy for the mid-level manager position you still need to fill. Your audience is the chief executive of

Write an essay explaining your new compensation strategy for the mid-level manager position you still need to fill. Your audience is the chief executive officer (CEO) and other supervisors in your organization. In this essay, include the items listed below.

After a brief introduction, explain how equal employment opportunity laws impact the organization’s compensation strategy.

  • Compare and contrast the advantages and disadvantages of pay-for-performance and competency-based pay. What strategy would you recommend for your organization, and why?
  • Explain how various motivational theories can factor into your development of a multi-generational compensation package for your whole organization that includes indirect benefits. Be sure to give specific examples of how different generations of applicants or employees will be affected.
  • Explain your proposed compensation package, which should include direct and indirect benefits and how the package will affect hiring and retention. Be sure to specifically identify how much you will pay the mid-level managers, and indicate how it compares to your state and the federal minimum wage. You can search the Internet for sites that list comparable pay data. You should identify a low, medium, and high pay range for the mid-level manager.
  • Explain how you will assess the effectiveness of the compensation strategy a year from now.

Your essay will contain a one-page appendix in which you will create a chart of your compensation strategy. This chart should have three columns, which should address the areas listed below:

legally mandated benefits,

  • direct benefits (include how much you will pay the mid-level managers), and
  • indirect benefits.

Your essay will be a minimum of five pages in length, not counting the appendix, title page, or references page. You must use at least two sources to support your essay. Adhere to APA Style when constructing this assignment, and make certain to include in-text citations and references for all sources that are used. Please note that no abstract is needed.

This Sample Formal Essay, which was created by the CSU Writing Center, shows the formatting expectations for this assignment.

Share This Post

Email
WhatsApp
Facebook
Twitter
LinkedIn
Pinterest
Reddit

Order a Similar Paper and get 15% Discount on your First Order

Related Questions

Option #2: Ace Fertilizer Company: Ethical Cost Allocations and Price Determination Read the case: Kreuze, J. (2009, September). Ace fertilizer company:

Option #2: Ace Fertilizer Company: Ethical Cost Allocations and Price Determination Read the case: Kreuze, J. (2009, September). Ace fertilizer company: Ethical cost allocations and price determination.Links to an external site..  IMA Educational Case Journal, 2(3), ART. 3. Case Requirements: Prepare a paper and address the following questions: Did Abby compute the

The Association of Certified Fraud Examiners (ACFE) has excellent resources including: white papers from industry-leading companies on emerging trends in

The Association of Certified Fraud Examiners (ACFE) has excellent resources including: white papers from industry-leading companies on emerging trends in the fraud industry, tips to stay ahead of fraudsters, and industry-specific strategies to stay current in the forensic accounting and fraud examination professions. Review the free white papers from the ACFELinks to

Option #2: Toshiba’s Creative Accounting for Construction Contracts Read the following case study: Dugar, A., Gujarathi, M. R. (2018). Toshiba’s creative

Option #2: Toshiba’s Creative Accounting for Construction Contracts Read the following case study: Dugar, A., Gujarathi, M. R. (2018). Toshiba’s creative accounting for construction contracts.Links to an external site.. Issues in Accounting Education, 33(3), 117–134. Case Requirements: The FASB and the IASB have issued a joint standard on revenue recognition. Although the