HRES 2203 Multi-Products Corporation

HRES 2203 Multi-Products Corporation

HRES 2203 Multi-Products Corporation

Assignment Sections:

Using the concepts in your textbook, analyze “Multi-Products Corporation” of Appendix in Strategic Compensation in Canada, 6th Edition and prepare a recommendation that includes responses to each of the following:

1.Using your own words, briefly outline the background – presentation in bullet form is acceptable. Explain the managerial strategy that you recommend be adopted by this organization and elaborate on each of the five contextual variables that influenced your recommendation.

2.Recommend how structural variables should be implemented into the organization to drive consistency with the managerial strategy that you recommended. One variable is the reward system. Elaborate on the different parts of the reward system you have recommended and discuss the pros and cons of each part.

3.Identify the employee behaviour that “Multi-Products Corporation” should seek and recommend how to generate this behaviour in the workforce.

4.Explain how base pay should be offered as one element of the compensation mix for production staff.  Support your recommendation with three reasons.

5.Recommend an organizational performance pay plan for “Multi-Products Corporation”.  Describe two key elements of this plan.

6.Recommend one loyalty and one social reward for “Multi-Products Corporation”.  Support your recommendation with two reasons for each reward.

7.Using the five-step compensation strategy formulation process (Figure 6.1), Page 189, formulate a strategy.  Briefly describe your rational for each step.

8. Identify the indirect pay plan that you would recommend for this organization.  Justify each of the benefit offerings.

Marks will be awarded for each of the following sections

A brief summary outlining the case background – you should highlight at least 6 points of the case.

Explain the managerial strategy and identify three points to support your recommendation.

Provide rationale for each of the five contextual variables which formed your basis for the managerial strategy you have selected.

Provide a summary of how the six structural variables that will be implemented to complement the managerial strategy.

Describe the reward system in detail which includes the extrinsic and intrinsic rewards.

Provide two pros and two cons for each of the rewards.

Recommend the employee behaviour that will complement the managerial strategy and 3 suggestions of how to generate this behaviour.

A recommendation regarding base pay for production staff and 3 reasons for each recommendation.

A recommendation for organizational performance pay – which includes 2 elements.

A recommendation for loyalty and social reward – which includes 2 reasons for each recommendation. 

A listing and explanation of the five-step formulation process. 

Explanation of each element of the compensation strategy. 

Identify the indirect pay plan that you would recommend for this organization.  Justify each of the benefit offerings

Document presentation will be professional and include a title page as well as reference page – organized, proper formatting, correct grammar, no spelling mistakes and correct sentence structure will be used so that the thought process can be followed.  Marks will be deducted for spelling mistakes/ typos, disorganization, improper formatting or grammar or sentence structure.

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