Compensation & benefits hw | Business & Finance homework help

  1. As HR director at World Measurement (see the class exercise on benefits we did), your bonus this year is based on your ability to cut employee benefit costs (without causing massive numbers of employees to quit, which would negate any savings). Your boss has said that it’s okay to shift some of the costs over to employees (right now they pay nothing for their benefits) but don’t overdo it. What sort of data would you collect, and how would you use it? What alternatives would you want to explore, and why? Hint: think about the class exercise on benefits we did (the place that wanted to cut compensation costs 3 percent)….
  2. Referring to the article on Lincoln Electric, Southwest, and SAS reading we discussed, What are the main (a) types of jobs and (b) attributes of employees that are found at Lincoln Electric vs. SAS vs. Southwest? How does the compensation system at the three firms complement the main job types and people characteristics at these different companies?
  3. The Covid-19 pandemic has hit many people’s compensation in very dramatic and financially harmful ways. Unemployment insurance, which we discussed in class as a “mandated benefit” is proving difficult for many to get given the overwhelmed system. What do you see as lessons for how employees, employers, and the government can each be better prepared in terms of managing compensation when a crisis occurs that interrupts and changes the flow of compensation?
  4. Identify the main trends in benefits (over the past few years) that we discussed in class, in terms of what is becoming more common: Defined benefits versus defined contributions, pensions, 401Ks, HMOs, or “traditional” insurance, etc. Be sure to define what is a defined benefit and what is a defined contribution.
  5. While your company is in Philadelphia, you have major offices in Honolulu and you are in charge of compensation management there also. There are openings there. How do you respond to some of your top Philly employees who are applying for a transfer there? You can’t afford to lose and replace these employees! What would you do?
  • Ignore it, hope this issue goes away
  • Give Honolulu coast office employees a 20% cost of living ‘hardship’ adjustment (so expensive!)
  • Give Philly employees a similar hardship allowance (cold winters!).
  • Ask for an employee survey
  • Write a memo to employees saying “free market” and all that- suck it up and be happy for the job you have
  • Something else?
  • What sort of data would you collect to arrive at your decision? How would you decide?

Lincoln electric, Southwest, & SAS article:

Calculate your paper price
Pages (550 words)
Approximate price: -

Why Work with Us

Top Quality and Well-Researched Papers

We always make sure that writers follow all your instructions precisely. You can choose your academic level: high school, college/university or professional, and we will assign a writer who has a respective degree.

Professional and Experienced Academic Writers

We have a team of professional writers with experience in academic and business writing. Many are native speakers and able to perform any task for which you need help.

Free Unlimited Revisions

If you think we missed something, send your order for a free revision. You have 10 days to submit the order for review after you have received the final document. You can do this yourself after logging into your personal account or by contacting our support.

Prompt Delivery and 100% Money-Back-Guarantee

All papers are always delivered on time. In case we need more time to master your paper, we may contact you regarding the deadline extension. In case you cannot provide us with more time, a 100% refund is guaranteed.

Original & Confidential

We use several writing tools checks to ensure that all documents you receive are free from plagiarism. Our editors carefully review all quotations in the text. We also promise maximum confidentiality in all of our services.

24/7 Customer Support

Our support agents are available 24 hours a day 7 days a week and committed to providing you with the best customer experience. Get in touch whenever you need any assistance.

Try it now!

Calculate the price of your order

Total price:

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

No need to work on your paper at night. Sleep tight, we will cover your back. We offer all kinds of writing services.


Essay Writing Service

No matter what kind of academic paper you need and how urgent you need it, you are welcome to choose your academic level and the type of your paper at an affordable price. We take care of all your paper needs and give a 24/7 customer care support system.


Admission Essays & Business Writing Help

An admission essay is an essay or other written statement by a candidate, often a potential student enrolling in a college, university, or graduate school. You can be rest assurred that through our service we will write the best admission essay for you.


Editing Support

Our academic writers and editors make the necessary changes to your paper so that it is polished. We also format your document by correctly quoting the sources and creating reference lists in the formats APA, Harvard, MLA, Chicago / Turabian.


Revision Support

If you think your paper could be improved, you can request a review. In this case, your paper will be checked by the writer or assigned to an editor. You can use this option as many times as you see fit. This is free because we want you to be completely satisfied with the service offered.