HRM 598 Final Exam - Compensation
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1. (TCO A) You are the compensation director for the
New York Fruit Pies Company, which has 100 employees and is located in a
small city of 50,000 in a rural agricultural part of New York State. You have
just joined the company and have identified the need to create a revised
compensation system.
2. (TCO B) The VP for HR met with you, the
compensation manager, to go over the new strategies for attracting new
employees for the offshore oil recovery division. The division works with oil
production companies to help prevent oil spills and recover oil where leakages
have occurred. The division employs many engineers and scientists with
expertise in hydraulics, oil production, chemistry, etc. Employee assignments
are often for three to six months in different countries around the
world. The VP for HR indicates that you should use a job-based point method.
In creating a job-based point evaluation plan for the organization, identify and discuss four compensable factors that you would incorporate in the job-based point evaluation plan. Please describe a job-based point evaluation plan. In addition, define each factor, justify why you selected it, and provide the weights or scales that you would assign to it. (Points : 30)
In creating a job-based point evaluation plan for the organization, identify and discuss four compensable factors that you would incorporate in the job-based point evaluation plan. Please describe a job-based point evaluation plan. In addition, define each factor, justify why you selected it, and provide the weights or scales that you would assign to it. (Points : 30)
3. (TCO B)
You are the Compensation Director for Forever-Green Plywood, Inc. The company
buys timber, manufactures plywood sheets, and sells on the international
market. The organization's three major units are timber purchasing (with five
employees), manufacturing plant (with 120 employees), and sales and management
(with 12 employees).
You need to develop a job evaluation plan for the organization. Describe the difference between person-based plans and job-based plans. Explain which one you would use. What factors would you consider? What is one advantage and disadvantage of each? (Points : 30)
You need to develop a job evaluation plan for the organization. Describe the difference between person-based plans and job-based plans. Explain which one you would use. What factors would you consider? What is one advantage and disadvantage of each? (Points : 30)
4. (TCO C) You are the compensation manager in an
established video game company that is having difficulty in hiring staff
members in the game development division. Until recently, this division has
been able to attract some of the best new graduates of computer science
colleges but has seen candidates accept positions with other companies.
What competitive market pay policy would you recommend for the company to use? In order to make your recommendation, what additional information would you need about the company? Describe four competitive market pay policies, and give an example of when an organization might want to use each policy. (Points : 30)
What competitive market pay policy would you recommend for the company to use? In order to make your recommendation, what additional information would you need about the company? Describe four competitive market pay policies, and give an example of when an organization might want to use each policy. (Points : 30)
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