Internally Consistent Compensation Systems
Respond to the following:
undefinedYou have recently been hired as the HR manager of a small furniture manufacturing company that has 63 employees. These employees include everyone from line workers to upper management. You are the first HR person the company has had. One of your first assignments was to evaluate the fairness of the company’s current compensation system.
undefinedBased on your evaluation, you have discovered a number of inconsistencies:
undefined
- Some line workers earn more than managers.
- Some managers earn twice as much as other managers even though the work is similar.
- Some line workers are making significantly more money than others even though they are performing the same work.
undefinedWhat recommendations would you make to improve the consistency of the company’s compensation system?
Answer preview
Technological advancement has been one of the most defining developments in this era. From a general perspective, the turn of the 21st century has been characterized by utilizing scientific information to yield practical solutions for different challenges that hinder the full realization of people’s capacities. Information has been the primary area where humanity has made the most significant progress as human beings leverage the internet and smart devices to share information. While such technology was initially limited to communication, it has since become a pertinent facet of professional settings such as academia and even corporate environments. However, there are divergent positions on the impact of technology within the educational sector. This paper conducts a literature review that probes whether technology has negative impacts on learning. It recognizes that while the primary challenge that cuts across academic and corporate environments, such challenges are far outweighed by the benefits in terms of efficiency and convenience of learning processes. The paper reviews various works from both corporate work environments and conventional learning frameworks to probe technology’s impact.
(2690words)