HRM: Competitive Employment Offer for Shannon Albright
Shannon Albright has an accounting degree from a United
States accredited university. She also became certified as a CPA (Certified
Public Accountant). Upon graduation she was offered, and accepted, an
entry-level accounting position at a firm in Atlanta, Georgia. She has been
gainfully employed with this firm for the last five years. Recently she
interviewed with your firm which is located in Boston, MA. You, working for the
human resources department, want to hire Shannon for your organization’s
Financial Accountant position.
You know Shannon is a strong candidate and you want to
develop a competitive offer that will attract Shannon yet still fit within the
company’s budget and compensation structure (i.e. considering both internal and
external equity).
With this in mind, you are asked to prepare the offer for
Shannon. The following will be included in this package and should be specific
to Shannon and this situation:
1. Compensation package – what pay rate will you offer
(using salary survey research as support). What else may be included in the
compensation package?
2. Incentive plan – what performance based incentives does
this offer include?
3. Benefits plan – what specific benefit plans does this
offer include?
It is important to provide the necessary supporting details
to explain the incentives and benefits being offered. The more detail you
provide, the better educated Shannon will be to make her decision to accept.
Along with these packages you will include a one page cover
letter addressed to your supervisor that outlines what you propose to offer.
This cover letter should explain and justify the compensation package,
incentive plan, and benefits plan. Your detailed plans will then follow that
cover page.
