Homework: Employee Compensation and Benefits
This homework consists of two sections: a narrative and a PowerPoint presentation. You must submit two (2) sections for the completion of this homework. Label each file name according to the section of the homework it is written for.
Imagine that you have just been hired by a new company as the director of the HR department. You have been tasked to hire a new secretary for the department and to develop an employee compensation and benefits package that will be used for that position upon hire. Develop a PowerPoint presentation to present this information to your Vice President. Go to the Bureau of Labor Statistics' (BLS) Website, located at www.bls.gov, for information regarding organizations and pay in your geographical area.
Section I: Narrative
Write a two to three pages paper in which you:
1) Choose the type of organization for which you are designing the package.
2) Develop an employee compensation and benefits package for this new position. Support your ideas for the compensation/benefits package.
Section II: Presentation
Create a twenty slide PowerPoint presentation in which you:
1) Provide an overview of the employee compensation and benefits package that you developed in the narrative portion of this homework.
2) Determine if the employee will be exempt or nonexempt and discuss how overtime will be handled.
3) Suggest other benefits that might be considered within the next few months to enhance employee performance and provide job motivation.
4) Provide information on how government regulations will influence the compensation.
5) Examine data from two organizations listed in the BLS Website with packages similar to yours, focusing on salary, compensation, and benefits in order to convince upper management that your package should be accepted and implemented.
6) Describe how the competitive compensation and benefits package will align with the HRM strategy.
Format your homework according to the give formatting requirements:
1. The answer must be double spaced, typed, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also includes a cover page containing the title of the homework, the course title, the student's name, and the date. The cover page is not included in the required page length.
3. Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.
The specific course learning outcomes associated with this homework are:
1. Design training and development systems to improve employee performance.
2. Develop competitive compensation and benefits packages that align with HRM strategy.
3. Use technology and information resources to research issues in strategic human resource development.
4. Write clearly and concisely about strategic human resource development using proper writing mechanics.