HRM 598 Final Exam new
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1-(TCO A) You are a
consultant hired by the Herrington Specialty Metal Sheeting Corporation of
Detroit, Michigan to assist the HR Director in redesigning the compensation
system. The organization has just gone through an acquisition of a smaller
metal sheet company with similar products. Herrington has grown from 80 to 100
employees as a result. You are scheduled to meet with the HR Director and begin
to discuss what will have to be considered. You plan to tell her about the
strategic pay policies and pay models. Describe four strategic policy decisions
that will have to be made in designing her compensation system. What are these
strategic pay policies and how will they be relevant to the organization? In
addition, indicate what goals a compensation system should have.
The four strategic
policy decisions that one must make when creating a compensation system are
intemal alignment, external competitiveness, employee contributions, and
management. A compensation system should include efficiency, fairness, and
compliance. (Points : 30)
2. (TCO B) Green
Screen Technology, Inc. a leader in the motion picture graphics industry, is an
8-year-old southern California company. The Green Screen Technology is
generally regarded as the most creative and initiative companies on the West
Coast. It has been able to develop the forward-looking technology and attract
some of the best employees available. As the compensation director, you have
been asked to develop a job-based point evaluation plan for the organization.
Briefly describe a job-based point evaluation
plan. Discuss four compensable factors that you would include in the job-based
point evaluation plan. Be sure to define each factor, justify why you selected
it, and provide the weights or scales that you would assign to it. (Points : 3
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