Compensation and Incentive Plans
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Scenario:
You are the Director of Compensation and Benefits for Lansing-Smith Corporation, a 6-month old sales and service organization that currently has a workforce of 150 employees. You recently joined the organization when the Vice President of Operations decided to move the Compensation and Benefits function out of the Accounting Department, into a separate function. From your own observations you have identified several areas in need of review, redesign or development, including projects such as an audit of current pay plans to ensure they are aligned with federal regulations, an analysis of various pay plans to assess which plans will provide maximum benefit for Lansing-Smith, extensive job analyses to ensure a solid understanding of each position, job evaluations to determine the worth of the positions, consideration of various incentive plan designs to identify a plan that effectively drives individual and group performance to achieve production goals and research, development, communication and management training for a company-wide performance appraisal process.
You are dedicated to developing compensation and benefit practices that are motivating and empowering for employees. You are confident that with well-developed programs and practices, employees will be motivated to perform at higher levels, thereby driving overall company performance.
Task needing assistance:
3-4 paragraphs
Your niece is interning for a state representative in Washington, D.C. She has become very interested in employment-related legislation. Knowing that this area relates to your specialty, she asks for your real business-world perspective on the following.
First, in order to apply concepts related to The Equal Pay Act of 1963, download and read the following article
The Case for Equal Pay (http://stage.aflcio.org:4664/issuespolitics/women/equalpay/CaseForEqualPay.cfm).
QUESTION:
1. Your niece asks, "Do you feel that the current Equal Pay Act regulations are sufficient, or is additional legislation necessary? Why or why not?"
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Solution Summary
This solution debates whether or not the current Equal Pay Act regulations are sufficient, or if additional legislation is necessary. Research validated.
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