Strategic Compensation
Write a 1200-1500 word paper that describes a strategic compensation plan for machine operators at Plastec Company. Refer to the description from the week 3 assignment. Include at least 3 referenced articles and cite them as appropriate. This paper should at a minimum address the following: * What should Paul do to determine how Plastec compares with other area employers in terms of wages and benefits? * How could Plastec motivate its machine operators to stay? To increase their productivity? * The majority of the machine operators are in their mid to late forties, some with families, some without. What types of benefits would you suggest offering?
Please submit your learning team paper: Strategic compensation here. Note this and all papers in this course should use APA format. This Powerpoint file on APA gives a brief overview.
Please submit your assignment in Microsoft Word. If you are using Word for Vista (.docx file extension), be sure your instructor is able to view this file type. If your instructor is not able to view .docx files, save your paper as a .doc file. If you are not certain how to do this, contact the Help Desk.
Please include your team members’ names on the first page of your paper for the grading purposes.
Recently orders have been much slower due to a recent downturn in the overall economy, and there have been a few layoffs. Paul was directed by the owners to “keep good workers who will stay” and to “keep us out of court.” The company has a single location which is in an industrial park outside a major metropolitan area. Until recently turnover was very high although Paul had been able to reduce it some since he arrived. Right now there are a couple of openings in several job classifications. Although hiring is limited at the present time, the owners expect business to pick up soon. When it does, Paul needs to be ready to hire additional workers.
Before Paul’s arrival, department managers did their own
Please submit your learning team paper: Strategic compensation here. Note this and all papers in this course should use APA format. This Powerpoint file on APA gives a brief overview.
Please submit your assignment in Microsoft Word. If you are using Word for Vista (.docx file extension), be sure your instructor is able to view this file type. If your instructor is not able to view .docx files, save your paper as a .doc file. If you are not certain how to do this, contact the Help Desk.
Please include your team members’ names on the first page of your paper for the grading purposes.
Recently orders have been much slower due to a recent downturn in the overall economy, and there have been a few layoffs. Paul was directed by the owners to “keep good workers who will stay” and to “keep us out of court.” The company has a single location which is in an industrial park outside a major metropolitan area. Until recently turnover was very high although Paul had been able to reduce it some since he arrived. Right now there are a couple of openings in several job classifications. Although hiring is limited at the present time, the owners expect business to pick up soon. When it does, Paul needs to be ready to hire additional workers.
Before Paul’s arrival, department managers did their own