Imagine you own or manage a company. Your company recently completed a strengths, weaknesses, opportunites, and threats (SWOT) analysis, and the board of directors is looking to revise the company’s compensation program. Doing so will help keep the company competitive in attracting new talent. As part of the human resources department, you were asked to draft an essay describing how compensation programs are developed and how laws can affect compensation practices.
Your essay should be a minimum of two pages in length, using at least your textbook as a source. Be sure that your essay includes the following elements:
In your introduction, create a fictitious name for your company, and include some basic background information such as where the company is located, when it was founded, and how many employees work at the company. Do not use an actual company for this essay.
Describe issues that influence an individual’s decision to apply for or accept a specific job at your company.
Explain how compensation plans can influence the success of your organization.
Explore how influences outside your organization can affect its compensation plan.
Describe the provisions of the Civil Rights Act of 1964, the Bennett Amendment, and Executive Order 11246, and explain why these were implemented and how they affect your company.
Adhere to APA Style when constructing this assignment, including in-text citations and references for all sources that are used. Please note that no abstract is needed.
Answer preview
Moreover, the Civil Rights Act of 1964 requires employers to provide equal pay to all employees regardless of sex, race, religion, or ethnicity (Creasy, 2010). Under this law, any standards of remuneration should comply with the minimum wage laws. According to Creasy (2010), the Bennett Amendment, which is part of the Act, prohibits discriminatory actions based on sex on employees. Wages should be equaled mindless of sex, and the employers should provide reasonable working conditions to all employees. Also, Executive Order 11246 was reinforced to reinforce the provision of equal opportunity to employees, mainly minorities, regardless of religion, race, color, or nationality (DOL, n.d). Generally, these laws may impact the human resource department’s decisions by influencing the recruitment team to evaluate strategic ways of promoting equal pay to comply with the law. Also, they would impact the development of policies that prohibit discriminatory actions, thus creating a hospitable working environment.
