Assignment: Strategic Compensation
Write a 1200-1500 word paper that describes a strategic compensation plan for machine operators at the Bumpbie Company. Refer to the descriptions of this company in the weekly dialogues and the 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 Bumpbie compares with other area employers in terms of wages and benefits?
• How could Bumpbie use variable pay to 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?
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 include 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.