Compensation

Townsend Rock Industries Inc- (T RI) and its subsidiaries make and market concrete construction materials and produce
and sell concrete building materials-
You are hired by the HR consulting group to analyze TRI’s compensation, benefits, and rewards policies as well as its
performance appraisal system and present senior management with an improvement plan-
Write a multipart report covering the following sections in about 8-10 pages:
Section 1: Compensation
Subsection AI Evaluate options for compensation models that would be appropriate for TRI- These compensation
models will include, but not be limited to, salary, hourly wage, individual bonus, team-based bonuses, executive stock
options, and profit sharing-
Subsection 82 Given the wide variety of employees in the company (ranging from senior executive staff to senior
management, middle management, supervisors, laborers, and truck drivers), evaluate the compensation models and
benefit packages that would be appropriate- Keep in mind employees’ levels of education, experience, and training and
demographic and cultural factors- In addition, Keep within legal and ethical boundaries of the various locations-
Subsection CI Consider the future growth and success of the company relative to staffing needs- For this, analyze the
role of compensation in attracting employees as well as aiding in their personal and professional development and
retention-

Section 2: Motivation

Focus on the effective management of employees and the most appropriate ways to motivate them to ensure that the
company can meet and exceed the expectations of its multiple stakeholders-

Help the company develop an appropriate performance appraisal system that can help it maintain and develop
appropriate workforce- Develop a Microsoft PowerPoint presentation for senior management that covers the relevant
motivation theories, including both monetary and nonmonetary rewards and the way they could be integrated into a new,
company-wide performance appraisal system (embed your presentation in the report)- Include theories of motivation anc
rewards that support your recommendations to the company.

Section 3: Communication Plan

Develop a communication plan in which this new performance appraisal system and related compensation and benefits
program can be rolled out and presented to all employees in a manner that allows appropriate dialogue and discussion-

 

 

 

Sample Solution

ACED ESSAYS