prepare a vision for compensating
the staff
Visioning Before Strategizing
Imagine that you are the HR
manager for a new firm just opening its doors in your community. The owners
have asked you to prepare a vision for compensating the staff. They do not want
specific policies, but guiding principles that will help them collect data and
write specific HR policies later. Complete the following:
Create a list of essential
guideposts for developing a total compensation policy. In your vision, include
statements that can be made public to your customers and employees. Also
consider whether your vision will be strategic in good business climates as
well as downturns.
Discuss the appropriate business
response, HR program alignment, and compensation system for this new business.
