Select a company for which you would like to work and determine the necessary components of an attractive compensation plan.
USE GOOGLE AS COMPANY
4-5 P A G E S
Describe (briefly) your “dream job” with the selected company.
Create a rewards and compensation package for this position that would attract skilled workers and control costs.
Create a benefits package for this position that is competitive and advantageous to the company.
Speculate on how the negotiating and collective bargaining of this position would contribute to the company’s talent management strategy for retaining high performing employees, including your rationale.
Sample Solution
1. Base Salary: A competitive base salary should be offered in order to attract and retain top talent. This should take into account the market rate for comparable roles, location, and experience level.
2. Incentives/Bonuses: Companies should offer incentives based on performance to encourage employees to reach goals or meet targets, as well as rewards such as end-of-year bonuses or spot awards for exceptional work.
3. Equity Participation: Offering equity participation can help motivate employees by providing an opportunity to share in the success of the company they are helping build.
Sample Solution
1. Base Salary: A competitive base salary should be offered in order to attract and retain top talent. This should take into account the market rate for comparable roles, location, and experience level.
2. Incentives/Bonuses: Companies should offer incentives based on performance to encourage employees to reach goals or meet targets, as well as rewards such as end-of-year bonuses or spot awards for exceptional work.
3. Equity Participation: Offering equity participation can help motivate employees by providing an opportunity to share in the success of the company they are helping build.