Compensation & Benefits
1. Assume that you are the HR manager of a multinational manufacturing organization. Devise a compensation plan to accommodate the needs of the employees.
2. Analyse the current reward trends and comment on the pros and cons of those trends.
3. “A competitive compensation plan is not only favourable for the employees but it also perks up the company’s performance. It alters an employee’s focus towards generating more revenue for their organization and empowers them to overcome their departmental schedules”.
a. Do you agree with the above statement? Explain your reasons with examples.
b. What approach can be adopted by companies to make the compensation plan more holistic?