Trusted by 2+ million users, 1000+ happy students everyday
HRMT 200 - Individual Assignment: Total Compensation Case StudyComplete the reading and research for both Parts 1 and 2, then answer the questions below. Marks will be awarded based on how well your answer:•presents and summarizes the relevant material in the case•explores alternatives that reflect your understanding of key concepts and ideas about compensation and benefits•Identifies a logical recommendation or solution, using the materials covered in the textbook and in class.Please refer to the marking key for information about criteria and weighting. You should plan on writing about 1-2 short paragraphs for each section (e.g. about 9-12 paragraphs in total).Part 1 - Compensation (25 marks)1. Read Incident 9-1 (Reynolds Plastic Products), pp. 455-456 in Schwind (2016). Assume that Reynolds Plastic Products is located in Edmonton, Alberta.Refresh your understanding of the relevant employment laws affecting compensation in Alberta (refer back to your notes and materials Legal Environment).Research the internet to compare the compensation being paid to Reynolds Plastic employees toother relevant external sources of hourly/salary information (e.g. http://www.labourmarketinformation.ca/, https://alis.alberta.ca/).a)In what way(s) are Reynolds Plastic Products' current pay practices contravening any legal requirements in Alberta? For each contravention that you identify, please propose how Reynolds Plastic Products can meet its legal requirement(s).b)Evaluate the incentive compensation practices that are being used by Reynolds Plastic Products.i.Describe what is appropriate or inappropriate about their current practices.ii.Explain why you have determined this (e.g. what are the issues here?)iii.Discuss possible alternative practices that might be considered to improve staffing outcomes (e.g. effects on engagement, recruitment, retention, etc.). iv.Present your recommended strategy or solution(s) (e.g. what should they donext or instead?).
Part 2 - Benefits 2. Re-read Incident 9-1 (Reynolds Plastic Products), pp. 455-456 in Schwind (2016).Review the Alberta Blue Cross health and dental benefits summary on the internet (Plans A and B, https://www.ab.bluecross.ca/individuals-families/index.php).Assume that Reynolds Plastic Products currently offers no benefit plan to employees, but they are considering a modest plan modeled after Benefit Plan A for all sales, hourly/production employees, and modelled after Benefit Plan B for all managerial/executive staff. The organization plans to pay 50% of the premiums, the employees to pay for the other 50% of the premiums. The anticipated total monthly premium costs are displayed below:Plan APlan BSingle Premium$40 / employee /month$60 / employee /monthFamily Premium$100 / employee /month$120 / employee /monthBased on current employee demographics, Reynolds anticipates there will be 30 single Plan A subscribers, 10 single Plan B subscribers; 65 family Plan A subscribers, 12 Plan B family subscribers.Evaluate the employee benefits plan that is being considered by Reynolds Plastic Products.a)Describe what is appropriate or inappropriate about their plans.b)Explain why you have determined this (e.g. what are the issues here?)c)Discuss possible alternative practices that might be considered to improve human resources management outcomes (e.g. effects on engagement, recruitment, retention, etc.).d)Present your recommended strategy or solution(s) (e.g. what should they do or do next?).
Found this document preview useful?
You are reading a preview Upload your documents to download or Become a Desklib member to get accesss