Rising labor costs

Put yourself in the position of an HR manager of a large research and development facility. The CEO is concerned about rising labor costs. The most recent

employee opinion survey showed employee satisfaction with their compensation as low.

The CEO is considering revamping the incentive pay program. He’s not sure whether a person-focused incentive plan or a team-based incentive plan would best

address the challenge of rising labor costs and employee satisfaction:

What are the pros and cons of each of these incentive play plans?
Which program would you recommend to your CEO that would best meet his goals?
Provide the rationale for your explanation
WEEK 5 Respond to the following:You are the HR Manager for the Pleasantville School District. Although it hadn’t done so before, the district recently

implemented a person-focused pay program. This program offers a pay increase to teachers who pursue additional education and training. You were on the team

that developed this policy, which has been approved but has not yet been disseminated district-wide.One of the high school teachers has scheduled an

appointment with you to review how the program works. You plan to review the policy with the teacher and give him a paper copy as a leave-behind piece.In this

post:
Write the policy for the Pleasantville School District’s person-focused pay program that will be shared with the teacher. At a minimum, be sure to address the

person-focused pay program’s:
Purpose and description, including effective policy dates.
Eligibility requirements. (Who is eligible to participate in the program?)
Acceptable types of education and training. (What is eligible for reimbursement?)
Awards for successful completion of training or education (promotional opportunities, compensation, non-monetary rewards, et cetera).

This question has been answered.

Get Answer