Assignment: Developing A Compensation Strategy
As a new Human Resources Manager, you've been tasked with creating (or redesigning) a compensation strategy for your organization. Based on what you've learned in class, consider the following:
• How will you determine whether positions are exempt or non-exempt from the Fair Labor Standards Act?
• Will you utilize independent contractors (aka contingent workers) in your organization? If so, how and why? If not, why not?
• Where do you expect your organization should fall on the spectrum between an entitlement philosophy and a pay-for-performance philosophy? Why?
• How will you determine how to position your organization within the competitive labor market (e.g. lead, match, or lag the market)?
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, 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 assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.