...Compensation and Benefits Strategies Recommendations Dave Tauala, David Cosme, Luana Pa'ahana, Rolly Alvarado, Sharon Losalio HRM/531 May 28, 2014 Arlis Liu Compensation and Benefits Strategies Recommendations A competitive and affordable total rewards system will not be effective if potential employees do not know what benefits are available. Communication of the package is just as important as the package itself. Employees tend to perceive the value of competitive benefits as excessive costs versus value (Cascio, 2013). The intent in the design of compensation programs is to incorporate salary and benefits into a package that will achieve Landslide Limousines' organizational goals. The team from Atwood and Allen Consulting put together recommendations for a total rewards package for 25 employees with projected revenue of $50,000 for the first year and a 5% revenue growth over the next two years. Limousine Market Landslide Limousines is a new business entering the marketplace. According to Austin Ground Transportation (n.d.), there are more than 70 limousine services. Landslide Limousines will need to market their service comparable to other limousine businesses. Austin is a tourist destination known for its diverse shops, bars, and restaurants. With today's unpredictable economy, limousine services are feeling the pinch as shuttle buses are gaining more business (Breslow, 2014). Entering the market as a new company, the ability to pay employees will be constrained...
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...Compensation and Benefits Strategies Recommendations for Landslide Limousines Team A HRM531 November 10, 2014 Instructor Foy Wallace, III Compensation and Benefits Strategies Introduction to the assignment for the week. Recommendations for Landslide Limousines As we put this paper together, let’s make sure we cover all the requirements: • Conduct a market evaluation by researching what companies in the relevant market are providing to employees from a total compensation perspective. • Recommend a compensation structure. • Recommend the position in the market. • Create a total compensation and benefits strategy. • Consider the use of performance incentives and merit pay to recognize and engage employees. • Identify laws related to the benefits and pay program. A. Cody – Comparable to other businesses in the Area (what should the client choose as a benefit package)? Austin, TX average salary for a driver with experience is 38k. Other services are hiring in new drivers with clean credentials for $15 an hour plus tips. Austin drivers make about 6% less then the national median. This data was collected from indeed.com B. Patricia – Depending on the location check the Market or Strategy to see if it will work there. Landslide Limousine must take a close look at all competitors before building...
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...Compensation and Benefits Strategies Recommendations Elizabeth Copeland, Emily Krzyzaniak, Frederick McFarland, and Mary Thomas HRM/531 9/23/15 Maria Ziegler Compensation and Benefits Strategies Recommendations Landslide Limousines will be opening soon and they will be employing twenty-five people to keep the business in operation. The owner, Bradley Stonefield, wants to be comparable to the other limousine services around town so this must be considered when recommendations for compensation and benefits are made. Although the company is projected to see a 5% revenue growth over the first few years, they are estimating to have a net revenue of -$50,000 for the first year. The recommendations provided in this paper shall assist Landslide with securing their place in the transportation market in Austin, Texas. Market Research Evaluating companies in the relevant market will keep you competitive. We have researched 2 established car service companies in Austin, Texas operating with 25 employees or less. We started with a company you may be familiar with. Founded in 1989 by Tony Alyassin, Royal Carriages Limousine operates a substantial fleet of more than 25 vehicles (http://royalcarriages.com/). Employee are independent contractors with a compensation package of a flat wage rate and a corporate contribution to the National Taxi Drivers Association of Austin. The National Taxi Drivers Association is an organization that was founded in 2009 that focuses on taxi and limousine...
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...Compensation and Benefits Strategies Recommendations May 20, 2014 Steven Colon James Thompson Oscar Caldera University of Phoenix HRM/531 Robin Sully Compensation and Benefits Strategies Recommendations The following paper will be about the development of the compensation and benefit recommendations for Mr. Bradley Stonefield. This development will have a market evaluation with researches on what companies in the relevant market are providing to employees from a total compensation perspective. With the results of the research, we will then take a look at the compensation structure. With these two outcomes, we will be able to recommend a position in the market. We will also be creating a total compensation and benefits strategy, consider the use of performance incentives and merit pay to recognize and engage employees. In creating these compensations we will have to identify laws related to the benefits and pay program. Results for the Market Evaluation The results for the market evaluation will show that it will be very competitive for a small startup business to hire qualified and experienced limousine drivers in Austin, Texas. According to the Yellow Pages (2014), Austin has over 113 limousine business competing in the same market. With these many companies operating in the same market may result in several issues when it deals with human resources (HR). One of the issues with this type of market is that should assume high employee...
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...Compensation and Benefits Strategies Recommendations 1 Compensation and Benefits Strategies Recommendations HRM/531 May 12, 2014 Compensation and Benefits Strategies Recommendations 2 Mr. Stonefield, our esteemed client who is starting Landslide Limousine Service, is looking to us for recommendations for pay and benefits strategies. In a voicemail left on our office phone, he has helpfully summarized his five main areas of concern and these are summarized below. 1. 2. 3. 4. 5. He wants to be comparable with other limousine services He wants to fit in well with the limousine market in the Austin, Texas area He reiterates that he is planning for 25 employees His projected annual net revenue for the first year is south of $50,000 He predicts five percent revenue growth over the next couple years. The overall unemployment rate in any given area is a crucial factor in the retention rate of any given industry or field in that area, and the limo industry is no different. (Mergent 2013). Austin, Texas, in recent years has become a hotbed of growth and an area that has attracted much new blood; (5.2 (BLS, 2013)) resulting in a 2013 unemployment rate (five percent) that is below the state and the national average (roughly seven percent) . (Robert Grattan, “Austin Unemployment Rate Sets the Pace”, www.bizjournals.com, December 19, 2013). Mr Stonefield was wise to select Austin for his business, then, as it is in the midst of a boom that shows no signs of abating. In fact...
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...Compensation and Benefits Strategies Recommendations Matthew High, Levuris Smith, Clinton Fowler Hrm/531 November 11, 2013 Samuel Hall Compensation and Benefits Strategies Recommendations In modern business different types of resources are used to accomplish company goals and compete in the marketplace. None of the other resources are as diverse and difficult to control as the human resource. Humans are needy and greedy. They need benefits and desire compensation. This makes it hard to control and maintain a stable workforce. This is why companies offer benefit packages and compensation to employees. Landslide Limousines is no exceptions to compete in the transportation marketplace they must maintain their employees and hold their skill personnel. In this paper, several recommendations benefits and compensation packages shall be made for Landslide. Results of a Market Evaluation On account of tight competition, hiring qualified and experienced limousine drivers in Austin, Texas for a small start-up business is challenging. Austin has a large number of competing limousine businesses operating in or near the Austin area. 441 competing companies in Austin create a number of issues when it deals with human resources. Among the problems one could expect in this market is high employee turnover because to low wages. Another factor to consider is the tightening of the US job market in current years. The number of qualified applicants is decreasing as the US economy improves...
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...Starting out Landslide limousine services will be at the bottom of the marketplace and will not be able to afford comparable packages to their larger competitors. According, to the Bureau of Labor Statistics Limousine drivers earn nationally an average of about 25,000 yearly. While in Austin, Texas they earn about 22,000 yearly. Landslide would be best served to retain its skilled employees a benefits package commensurate to its earned profits and its competitors place in the market. This small business firm seems to have great opportunities for growth and innovative promise to improve into the market of Limousine services. Create a total compensation and benefit strategy There are five components to consider when creating a total compensation and benefits package. And they are: Strategic planning, creativity, production, interactive, media. All of these are components to consider implementing when starting a small business demonstrating the competitive edge in the limousine service. Strategic planning entails some of the following business components such as setting up a timeline, establishing a budget, creating brand identity, targeting consumers, refining your message, choosing media outlets and delivering your message. Next, the creativity aspect includes branding, concept development, copywriting, corporate identity, direct mail, outdoor, digital, print, signage. Moreover, production is an essential piece for creating compensation and benefit...
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...Consulting have been working with Landslide Limousine with their Employment Law Compliance Plan, and their Compensation and Benefits Strategies recommendations. Next, we will like to explore a Performance Management Plan. According to the video, Performance Management 2014 by the University of Phoenix, “Performance Management Systems helps to achieve objectives in the strategic plan. It aligns all of an organization’s resources to achieve the best possible result. It is the process of creating a work environment where employees can perform to the best of their abilities.” Performance Management also focuses on teams and the organization as a whole. Atwood and Allen Consulting will begin assisting Landslide Limousine in this area. According to Cascio 2013, “At a general level, the broad process of performance management requires that you do three things well: 1. Define performance. 2. Facilitate performance. 3. Encourage performance.” Defining performance Landslide Limousine want to ensure that during the interviewing process, they clearly define performance. It must be understood by the employees what is expected of them. In Cascio 2013, it states, “A manager should pay attention to three key elements and they are goals, measures and assessments.” When employees have goals, they have a target they are aiming towards. They know exactly what they are trying to obtain or achieve. Therefore, it is imperative for Landslide Limousine to outline what performance means...
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...Compensation and Benefits Strategies Recommendations HRM/531 8 July 2013 University of Phoenix Compensation and Benefits Strategies Searching for a job in today’s market can become a long process and one thing many potential employees look at first is the compensation and benefits packages being offered from the potential most qualified, retaining employees, and maintaining motivated workers (Cascio, 2013). Most organizations are realizing that a well-constructed compensation and benefits programs for employees has a considerable effect on productivity, morale, and the employers cost benefit. These positive effects bring in revenue to add to the business success. In today’s economy there are many who are unemployed and the compensation and benefits component is on the side of the employer where the employer can be more constrained on their rewards and benefits. Regrettably in todays market companies can offer less or no compensation and benefits, and oftentimes receive more in skills and expertise. Although the compensation and benefits package has gone through a transformation its primary purpose is to focus on adequacy, equity, cost control, and balance. Our team has reviewed and concluded that the following adjustments should be implemented in the compensation and benefits package at Landslide Limousines. Compensation will be determined considering the organization’s budget and most importantly the required performance and productivity to achieve organizational goals...
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...2015 Subject: Landslide Limousines Employment Law Compliance Plan As per you request, I have developed and Employment Law Compliance Plan for Mr. Bradley Stonefield. Your instructions indicated that Mr. Stonefield will be starting a new business, Landslide Limousines, in Austin, TX. with up to 25 employees in the first year. The location and the number of employees are critical in determining the applicable employment laws. There are several laws that will become a part of the Landslide Limousines Employment Law Compliance Plan as the company grows, determined by the number of employees and the amount of business. Based on the information you have provided, I have including the following employment laws for Landslide Limousines Employment Law Compliance Plan that are applicable for the number of projected employees: Texas Minimum Wage Act, The Equal Pay Act, Title VII of the Civil Rights Act of 1964 (Title 7) and The Age Discrimination in Employment Act of 1967 (ADEA). I will provide a description of each of the aforementioned laws and the associated penalty for violating that law. Texas Minimum Wage Act ties the Texas minimum wage for non-exempt employees to the Federal minimum wage and automatically increases with the Federal minimum wage.(Dolghih, n.d.) The Texas Minimum Wage Act covers the employees of small businesses that are not covered by the Fair Labor Standards Act (FLSA). The FLSA will be applicable once Landslide Limousines has more than $500...
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...Confidential Memorandum |Date: |March 1, 2015 | |Subject: |Landslide Limousines Employment Law Compliance Plan | |From: |Marian Claville, Consultant | |Company: |Atwood and Allen Consulting | |To: |Traci Goldeman | |Company: |Atwood and Allen Consulting | This is a report of the employment law compliance plan for Landslide Limousines currently located in Austin, TX looking to expand their brand in Austin, TX. Landslide is going to be a newly established limousine service in Austin, Texas. Landslide looks to increase the number of employees to 25 with the first year of business. This employment law compliance plan will help Landslide eliminate unlawful activates and practices in regards to business starting and maintaining. The employment laws describe employees should be treated and how business should be conducted lawfully. Following are just a few national employment laws as well as Texas laws that the organization must follow. Other laws will be outlined at a later date, but the following are some of the top laws employers need to be VERY aware of: The Civil Right Act of 1964 The Immigration Reform and Control Act of 1986 The Age Discrimination in Employment Act of 1967 The Civil Right Act of 1964 is a law that the...
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...Employment Law Compliance Plan To: Tracy Goldman Date: May 31, 2015 Subject: Employment Laws Formulating a compliance plan for Mr. Bradley Stonefield Limousines services called Landslide Limousines. Mr. Stonefield wants to hire 25 employees within the first year and wants the company to locate in Austin, Texas. In this memo, there will be four employment laws that the company must follow to stay in compliance. These are as follows: Harassment in the workplace, The Age Discrimination Employment Act of 1967, The Fair Labor Standards Act and Family and Medical Leave Act of 1993. Harassment “Harassment in the workplace can take a number of forms, but all forms are illegal under US law. Workplace harassment usually involve threats, intimidation and other mistreatment which is intended for either the satisfaction of the harassing individual or personal gain by impeding the ability of the harassed individual to work effectively” (Harassment In The Workplace, 2015). In Texas, the law state that the person filing the claim must first file it with the Texas Workforce Commission (TWC). Secondly, the claim must be processed through the Equal Employment Opportunity Commission (EEOC). Lastly, so happen to file a lawsuit, it must be filed with a private lawsuit against the employer but all suits are filed with TWC first before the lawsuit comes in play. “If you need to file a claim for harassment in Texas, you may wish to contact a qualified lawyer in your area. Your attorney...
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...determine how well the company will do. Atwood and Allen Consulting firm has brought in Team A to provide the recommendations for the Recruitment and Selections Strategies Plans for Landslide Limousine Company, Clapton Commercial Construction Company, and Bollman Hotel Chain. The Plans will include the organizational goals, forecasted demographic changes, an analysis of the projected workforce needs for the next five years, workforce diversity objectives, methods for recruiting and screening candidates, interview methods and process considerations, and methods for selecting candidates. Landslide Limousines Recruiting and selecting the right candidate is an overwhelming process for a startup small business. “Job recruitment and selection practices represent a prerequisite for companies aiming for competitive and skilled employees” Zaharie, M., & Osoian, C. (2013). Once again, Bradley Stonefield has offered Team A Consultants the ultimate occasion to interact by drawing for Landslide Limousines his recruitment and selection strategies. Organizational Goals Following the details stated in the past weeks by Mr. Bradley Stonefield, the goals for his limousine business has stayed unchangeable. He would like to build a high class limousine company in Austin, Texas called Landslide Limousines. Landslide Limousines requires 25 employees, with an anticipated revenue of -$50,000 in the first year. The company expects also a yearly revenue growth of 5%, and...
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...Compliance Plan | | | In response to your recent request, I have done some research in reference to Landslide Limousine Services, expecting to open in Austin, Texas with 25 employees. In order to protect the company and its prospective employees from legal issues of discrimination, wages, and safety, the company must comply with both Federal and State employment laws. The following demonstrates important Federal and Texas employment laws that Landslide Limousines Services must acknowledge and adhere to: Texas Minimum Wage Act This employment law requires a minimum wage for non-exempt employees. The current minimum wage for the state of Texas according to the U.S. Department of Labor as of January, 1st 2014 is $7.25 per hour. The company will need to provide proof in writing of each employee’s earnings through a pay statement. This law applies to any size business and is enforced by the Texas Workforce Commission (TWC). The Equal Pay Act of 1963 (EPA) This law requires equal pay for men and women doing “substantially similar” work in terms of skill, effort, responsibility, and working conditions (Cascio, 2013 Page 455). This pay includes hourly and salary as well as overtime, vacation and sick pay, bonuses and investment plans. It is also not limited to insurance policies, reimbursements for traveling, hotel accommodations, allowances, and other benefits such as life insurance policies. Any form of payment from the company must abide by the Equal Pay Act which...
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...Strategies Recommendations Recruitment and selection strategies are critical to success of any business. It is especially important in a new business as resources would be required to carry out operations. The limousine business is also starting up in Austin, Texas; hence it would need to build the right team in right time. However the process of finding and selecting right people is dependent on the geographic location where the business is based. The company needs to meet the challenge of being based in Austin. This means that staff has to have their base location as Austin. Using strategies that fail will lead to wastage of time and resources, due to which it becomes extremely important to plan well, search creatively and select wisely. Recruitment and Selection Strategies Recommendations The first stage of recruitment and selection is management of applicants and welcoming the applicant to the business. Recruitment and selection are typically measured as one method. Though, the distinction will be made here between the first actions and concerns when preparing staff recruitment and the procedure of selecting an applicant from a group of candidates (Cascio, 2013). Recruitment needs to be sensibly planned to attract the correct employee’s to Landslide Limousines. To be a small business owner, creating awareness will be needed: Tell present employees to get the “word” out about the business to family and friends. One can also request referrals from more experienced workers...
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