SIOP Team Project
Reading from Compensation and Benefits 13 th edition chapters 1 – 10 Gerhart ,B ,.&Newman ,J.(2020).Compensation ( 13 th Ed ) . McGraw – Hill. Also You – tube videos on compensation and Benefits. From what you have read and heard about Compensation & benefits Answer the following questions :
1) what do you believe has caused the issue with the machine operator pay for the 28 employees between 10 to 15 years of service? List and discuss as many as you can think of.
2) What are the key issues that must be addressed in this problem as you think about developing your compensation strategy/plan ?
3) what should be done prior to taking any actions?
4) What are the key issues regarding internal equality? What are the key issues regarding the pay structure? Explain each.
5) What competitive market factors affect this company? Why?
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