Compensation And Benefits Strategies Recommendations

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Listed below is the assignment for this week. I only have to do the portion that is Highlighted in Bold next to my screenname. I only need 200 words each. I have attached the client’s communication script.

 

From: Traci Goldeman
To: You
Subject: Compensation and Benefits Strategies Recommendations

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Hello,

For this task, I need you to work with a team. You will only be able to work with one client, though, so everyone in your team must agree on which client to work with.

I need you to develop some compensation and benefit recommendations for the client. Don’t forget to check the Client Communications link to see a copy of my communications with the client regarding this issue. In your recommendation, make sure you do the following:

  • Conduct a market evaluation by researching what companies in the relevant market are providing to employees from a total compensation perspective.
  • Recommend a compensation structure.
  • Recommend the position in the market. – Cadvad
  • Create a total compensation and benefits strategy. – Cadvad
  • Consider the use of performance incentives and merit pay to recognize and engage employees.
  • Identify laws related to the benefits and pay program. Done

Your recommendation should be no more than 1,750 words. Please have this to me by the end of the week.

Thanks,

Traci Goldeman
Manager
Atwood and Allen Consulting

Voicemail from Bradley Stonefield

Bradley: Hey Traci, this is Bradley Stonefield. I wanted to talk to you about getting some recommendations for pay and benefits strategies. I have a list of some things I’d like you to keep in mind. I can send you the list if you need me to, but I’ll just summarize it for you real quick.

One: I’d like to be comparable to other limousine services.

Two: I’m not sure how the market is in Austin, TX, but I want to fit in well there.

Three: Again, I’d like to plan for 25 employees.

Four: My projected annual net revenue for the first year is -$50,000.

Finally, I am predicting 5% revenue growth over the next couple years.

I think that’s it. If you could use that information to give me some recommendations, I would greatly appreciate it! Thanks so much, and talk to you more soon.