Human Resources manager for a new company

 

You were recently hired as the new Human Resources manager for a new company that has been in business for two weeks. The CEO is looking to you for your expertise in compensation and benefits to develop a package for all full-time future employees. The CEO is estimating that in the next four months this company will have over 40 full-time employees. The CEO is leaning on you to develop a report for the board meeting in two weeks.

Some things to consider: Though most employers are required to provide mandatory benefits such as Social Security contributions, worker’s compensation insurance, and unemployment insurance, most other benefits are voluntary in nature and determined by the employer. Benefits programs should include medical insurance, life and disability insurance, retirement income plan benefits, paid-time-off benefits, and educational assistance programs. Benefits selection and design are critical components in the total compensation costs. In some cases, benefits account for 40 percent or more of total compensation costs. Due to the employer cost investment and the importance of employee benefits in recruiting and retaining, employers should have a well-thought-out benefits plan design that meets both employee needs and employer objectives.

Develop a compensation and benefits package for your company. You must first address the type of company you were hired for (your choice). Second, you must select the city and state in which the small company is located (your choice). In your HR Compensation and Benefits Report to the board, you must address the following:

Identify the Organization’s Benefits Objectives and Budget: The organization’s business and/or HR strategy will help guide the development of the benefits objectives, as these objectives should help achieve the overall strategic goals. Factors such as employer size, location, industry, and collective bargaining agreements should be considered in the development of the benefits
Conduct a Needs Assessment: This needs assessment will be based on your company’s location and estimated future size. It should be conducted to determine the best benefits selection and design based on the needs and wants of the employees. The needs assessment may include an employer’s perception of employee benefits needs, competitor’s benefits practices, and tax laws and
Formulate a Benefits Plan Program: Using the data collected from all resources in Step 2, the employer can begin to formulate benefits offerings in order of priority. Can changes be made to the current plan design to induce cost savings? Can benefits that are underused or not valued by employees be eliminated? What are the administrative costs for the benefits? What cost-containment features can be put in place? Will employees have to contribute, and how much? These are among the evaluations an employer will make in determining whether to add, change, or eliminate benefits
Communicate the Benefits Plan to Employees: Employee understanding of the benefits is critical to employee buy-in. Without buy-in, the employer’s efforts, no matter how perfectly designed to meet employees’ needs, may be futile. The positive impact on recruiting, retention, and employee morale may be lost without effective communication plans. Good benefits communication objectives should include:
Creating awareness and appreciation of the new or existing benefits and improving employee financial
Providing a high level of understanding of the benefits
Encouraging wise use of
Develop a Periodic Evaluation Process to Determine Effectiveness of Benefits: Periodically reviewing the benefits plan program is another important step in the benefits management process. The benefits program must be assessed on a regular basis to determine if it is meeting the organization’s objectives and employees’ needs. Changes in the business climate, the economy, the regulatory environment, and workforce demographics all create dynamics that affect benefits offerings.
Christian Worldview: What is God’s approach to money, and how we are to care for others? Provide a verse from the Bible, and discuss how this relates to the HR

 

 

Sample Solutions

Item arrangement is the manner by which brands are put into non-promoting media like PC amusements, books, famous tunes and stage plays for e.g. supported activitys for the advancement of Cadbury’s chocolate put in the UK TV cleanser ‘Crowning liturgy Street’ after the opening titles and after and before the business breaks; this is influencing the youngsters and attracting them to purchase the Cadbury chocolate since little kids can’t separate this is an include. It is a developing wonder in market, which has gotten generally little consideration from business ethicists. In advertising at the large scale level, there are issues of maintainability and misuse of assets through overconsumption by encouraging covetousness and realism. Promoting works at the center point of riches creation; it pulls in a ton of the general analysis coordinated at free enterprise concerning the disintegration of regular assets and the devastation of nature. At smaller scale level, it pulls in a ton of reactions for explicit instances of double dealing or conning, for example, deluding/wrong sustenance marks or differential value publicizing. There is across the board analysis of showcasing works on advancing items that are unsafe to wellbeing, similar to high-fat and high-salt sustenances, cigarettes and liquor. UK has made Ofcom(Office of Communication) to make the laws with respect to item situation in a way depicted above.The code incorporates an area on ‘Business references and different issues’. Inside this segment, three standards are indicated (under Section 10): (1) supporters must keep up full publication command over customized content, (2)editorial and publicizing must be plainly isolated, and (3) item position is restricted (http://www.ofcom.org.uk/television/ifi/codes/bcode/business/). Item arrangement and regular promoting morals Moral assessment of promoting rehearses has commonly utilized three noteworthy strands of good reasoning, utilitarianism, deontology and excellence morals (Robin and Reidenbach 1987). We are examining 2 of them. An utilitarian assessment of showcasing is for the most part to concentrate on its convenience to society, the way that at a miniaturized scale level, it helps common trades among makers and purchasers, while at a full scale level, it empowers the general public to appreciate the advantages of the division of work. The moral worries of purchasers in regards to item position fit into this classification – item arrangement of firearms and cigarettes, for instance, might be viewed as deceptive by a few customers. An utilitarian assessment may well arrive at the resolution that item arrangement is in fact, a moral practice. This is under the thinking that the expanded deals are the indications of consumer loyalty as can be sensibly accepted in any event for instances of express item situation. Then again, there is the hazard that expanded item situation may, undermine the nature of intervened amusement and data,, hence decreasing social, utility notwithstanding when it increments financial utility. Goodness morals may give the best study of item situation since it centers around the aims and the character of the individual starting the activity as opposed to the moral status of the demonstration itself. By assessing the virtual morals in item position ome focuses which can be attracted are promoting, lawfulness must be the principle basis for passing judgment on the moral status of the motive.A showcasing effort improved the situation the buyers who are very much educated and who realize this is a kind of ad contrasts in moral terms from publicizing to kids who can’t recognize TV programs, amusements, melodies and publicizing. On the off chance that numerous customers know about the method of item position, it will have less impact morally. Numerous youthful shoppers undoubtedly think about the nature and degree of item arrangement as it happens in films, TV appears and other amusement items. Yet, the degree to which even an insightful gathering of people knows about an item situation correspondence while they are simply appreciating the sensational stimulation is extremely hard to build up. Numerous shoppers will say that they are not affected by promoting, but rather this case appears to be not any more tenable than the case of thinking about item position as a showcasing procedure, it doesn’t invulnerable one to trickiness. Consequently, there is a requirement for a moral investigation that bargains with item arrangement, which again can apply an utilitarian, a deontological and an uprightness morals point of view; aside from this it likewise needs to consider circumstance explicit components that emerge from the idea of the item, the level of buyer information, the ramifications of, showcase division techniques, the expectation, of the advertiser and, the natural genuineness of, the strategy for influence utilized.

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