In at least 2,000 words (total), pick a different company (different from your Week 4 Assignment) Fortune 500 company and answer the following four questions… (IMPORTANT: For this assignment, the company you choose MUST have at least one union operating somewhere in the workforce).
1. What, if anything, can you glean from publicly available information about the company’s fixed pay compensation? (If the company does not offer publicly available pay information, you might try looking at employee review sites like glassdoor.com to try to get a sense of pay information). If you were in charge of Human Resources and Workforce Management for the company you selected, how would you approach a fixed pay strategy? Identify at least one thing you would change about the way the company is doing things now. Be sure to support your decisions with sound reasoning.
2. What, if anything, can you glean from publicly available information about the company’s variable pay compensation? Does the company advertise offering bonuses, commissions, or any other type of gainsharing to any of its employees? (Again, if the company does not offer publicly available pay information, you might try looking at employee review sites like glassdoor.com to try to get a sense of pay information). If you were in charge of Human Resources and Workforce Management for the company you selected, how would you approach a variable pay strategy? Identify at least one thing you would change about the way the company is doing things now. Be sure to support your decisions with sound reasoning.
3. Based on the total rewards compensation strategy of the company (i.e., looking at information on pay, healthcare benefits, retirement programs, etc.), what do you think are the most expensive components of employee costs for the company? Do you think any are significantly more expensive than the average paid by other companies? If you were in charge of Human Resources and Workforce Management for the company you selected, how would you approach employee cost control? Identify at least one thing you would change about the way the company is doing things now. Be sure to support your decisions with sound reasoning.
4. What, if anything, can you glean from publicly available information about the way in which the union(s) operating within the company affect employee pay and benefits? Do the union(s) have a strong membership and presence? Do they appear to wield a significant amount of power? Based on where the company operates (i.e. which states), do you think the Right to Work laws are affecting union leverage within the company? If you were in charge of Human Resources and Workforce Management for the company you selected, how would you approach union partnership and negotiations? Identify at least one thing you would change about the way the company is doing things now. Be sure to support your decisions with sound reasoning.
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Again, the reason why you are asked to choose a Fortune 500 company is that you are much more likely to find publicly available information for these very large companies insofar as it concerns the parameters of this assignment. Still, some big companies are still a bit shy about publishing some data related to the way they do things – examples commonly include salary ranges and human resources policies and procedures. That said, do the best you can with your research. A good idea, before choosing a company for this assignment, is to take a look at some different company options and assess how much data is available for you – this will ultimately determine how easy it will be to find the answers you need to guide your work.
The 2,000-word requirement here means 2,000 words of substance. So please do not count title pages, headings, or references. Also, if you choose to copy the question text into your paper (which is fine), do not count that either. I am looking for 2,000 words of your own thoughts and responses.
Since you must write at least 2,000 words, it would be my recommendation that you aim for (roughly) 500 words per question.
Your paper should also include a minimum of eight (8) sources (one for each of the questions) – properly cited in-text and in a reference list in APA format.
Your paper should be in proper APA format with a title page (no abstract required). Please double-space and use a readable 12pt font. Contrary to popular misunderstanding, first-person writing is perfectly acceptable in APA writing style, so you may use a first-person perspective where applicable and appropriate.