You have just been appointed as the new vice president of human resources for a large manufacturing company. Your team has been asked to assess the components of your pay model and making suggestions for improvement. Although you have never worked in this department before, you are excited to have the opportunity to work with a diverse team of creative professionals. You must present your team findings to the executive team, along with your recommendations for improving the compensation strategy of the organization. Prepare a compensation strategy plan of action that addresses the following points: Describe the challenges and limitations you might encounter in your investigation. Assess the framework of a pay model. Address the four policy choices and rationale for your selected choice. Develop your compensation strategy utilizing the four steps outlined in Chapter 2. Describe how you will gain the support of your team, buy-in of the executive team and how you will communicate the change(s) to all employees. Support your paper with a minimum of three (3) resources, which may include your required text(s). In addition to these specified resources, other appropriate scholarly resources, including older articles, may be included. Length: 5-7 pages, not including title and reference pages http://2012books.lardbucket.org/books/beginning-management-of-human-resources/s06-developing-and-implementing-st.html that is the link for chapter 2

You have just been appointed as the new vice president of human resources for a large manufacturing company. Your team has been asked to assess the components of your pay model and making suggestions for improvement. Although you have never worked in this





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