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In at least 2,000 words (total), pick a different company (different from your W
In at least 2,000 words (total), pick a different company (different from your Week 4 Assignment) Fortune 500 company and answer the following four questions… (IMPORTANT: For this assignment, the company you choose MUST have at least one union operating somewhere in the workforce).
1. What, if anything, can you glean from publicly available information about the company’s fixed pay compensation? (If the company does not offer publicly available pay information, you might try looking at employee review sites like glassdoor.com to try to get a sense of pay information). If you were in charge of Human Resources and Workforce Management for the company you selected, how would you approach fixed pay strategy? Identify at least one thing you would change about the way the company is doing things now. Be sure to support your decisions with sound reasoning.
2. What, if anything, can you glean from publicly available information about the company’s variable pay compensation? Does the company advertise offering bonuses, commissions, or any other type of gainsharing to any of its employees? (Again, if the company does not offer publicly available pay information, you might try looking at employee review sites like glassdoor.com to try to get a sense of pay information). If you were in charge of Human Resources and Workforce Management for the company you selected, how would you approach variable pay strategy? Identify at least one thing you would change about the way the company is doing things now. Be sure to support your decisions with sound reasoning.
3. Based on the total rewards compensation strategy of the company (i.e., looking at information on pay, healthcare benefits, retirement programs, etc.), what do you think are the most expensive components of employee costs for the company? Do you think any are significantly more expensive than the average paid by other companies? If you were in charge of Human Resources and Workforce Management for the company you selected, how would you approach employee cost control? Identify at least one thing you would change about the way the company is doing things now. Be sure to support your decisions with sound reasoning.
4. What, if anything, can you glean from publicly available information about the way in which the union(s) operating within the company effect employee pay and benefits? Do the union(s) have a strong membership and presence? Do they appear to wield a significant amount of power? Based on where the company operates (i.e. which states), do you think Right to Work laws are affecting union leverage within the company? If you were in charge of Human Resources and Workforce Management for the company you selected, how would you approach union partnership and negotiations? Identify at least one thing you would change about the way the company is doing things now. Be sure to support your decisions with sound reasoning.
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