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?
6) how can you pay for a performance plan help in this situation? What type of plan would work to address the situation and why?
7) what are the key challenges that you faced working in a team and sharing one grade? As you think about your challenges as a team what are the implications in the workplace what companies use team-based pay incentives in general.
8). Would you consider using a team based incentive pay program for the machine operators? Why or why not?
9) what potential solutions would you recommend to the plant manager regarding making any adjustments to the 28th machine operators between 10 to 15 years of service now that you have thought through many of the challenges?
10) what are the implications to the business for each solution/recommendation?
