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You are the Compensation Manager for a large company that manufactures bicycles. The Operations Department of the firm is responsible for manufacturing the bikes, which is done in an assembly-line fashion. The process is quite man-power intensive. The operation makes use of 22 different assembly lines, each of which is able to produce one bicycle every sixteen minutes. Each line requires eight workers to fully staff the line. The lines run in two shifts and hence, the nearly four hundred assembly line workers comprise the vast majority of employees of the organization, there being only 21 employees in other areas.
Your company embraces the following core values:
1. We are committed to providing bicycles of consistently high quality for the lowest price.
2. We will always deal ethically with stakeholders.
3. We value our employees and strive to include career-oriented persons in our staff.
4. We are a family-oriented organization and will work with our employees to resolve family issues promptly.
You have been tasked to develop a benefits plan for all employees, which appeals most to assembly-line workers since they comprise the highest percentage of employees. The plan shall perform three functions:
1. Appeal to the assembly-line workers
2. Meet the tenets of the core values
3. Serve to reduce high turnover in assembly-line worker ranks
Assembly-line workers are the most populous of the operation by far. They are 60% male and 40% female. Their average age is 27 years. Their average education level is one year of college. 40% of the males are married. 47 % of the males support children. 60% of the females are married and 65 percent support children.
Your assignment is to design the plan. Explain the rationale for your design. Be specific. Your assignment should not require more than two pages written in APA format.
Expert Answer
As I have understood the Monterey benefit I plan shall have to be beneficial to all I mean first the asemply line workers as well management then other investors then other stake holders
My proposed scheme shall have to improve productivity
It has to minimise or nil impact on expenditure
It shall be quickly accepted by worker’s and they shall be also feeling rewarded
It shall serve a social cause and empower the employee a bit financially
Workers shall be happy to keep affected and does not feel like quitting as the benefit is long term and continues
If a scheme complying above is there means that I have done my job
With above points thoroughly considered here below is my scheme of compensation reward
Scheme of arrangement:
- For the employees who have completed 2 years of service this shall directly apply
- Company other then salary’s announces that 15% of the Salary on annual basis shall be paid
- This is a social support scheme hence this isvgiven to all but with specific purpose only and criteria to avail this benefit following is the requirement
- The above money at the end of year or at the time of Crismus shall be paid for those
- Those who wants to study further with proof of enrollment for further part time studies after hours or by distance mode (this shall support the Young’s as well those who crave for further education)
- This monitory benefit is also available to all those for their chidern studies up to Two children in his family to be paid annually
- The same also can be availed by women staff only other then above reasons like getting married or for delivery of children up to 2 children’s annually then the same becomes payable for the studies or children education
- If for any reason can not be availed for non accurance then also for singles it is payable to support their parents annually once as a cost towards their care taking
The above scheme is cost but shall be encouraging the best in employee as well as a commitment of the management in being ethically as well treating workers as it family also encourages commitment and better productivity is my reasons
