...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...
Words: 922 - Pages: 4
...Recruitment and Selection Strategies Recommendation HRM/531 Recruitment and Selection Strategies Recommendation Introduction In order to secure a successful future, Landslide Limousine must come up with a recruiting and selection strategy. This strategy must target organizational goals in order to work, and Bradley Stonefield must tailor his strategy by taking into account the demographic factors in play in Austin, Texas, where Landslide is located. Since yearly turnover is 10% per year, Landslide’s recruiting and selection strategy must bring in the best employees possible to realize the achievement their organizational goals. Landslide can achieve this if they plan for demographic evolution, create workforce diversity objectives, and develop organizational branding. Additionally, Landslide must come up with effective methods for recruiting candidates that includes screening, interview methods, testing procedures, interview process considerations, and methods for selecting candidates. Organizational Goals Organizational goals are set by implementing effective recruiting and selection methods. The recruiting and selection strategy must support the hiring of at least 25 workers in the first year, with first year gross sales expected to be $50,000. A goal of an annual revenue increase of 5% is also desired. By picking, the most capable candidates will help the corporation in accomplishing those aims and providing quality solutions to customers...
Words: 1613 - Pages: 7
...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...
Words: 1444 - Pages: 6
...performance management. According to Cascio (2013), performance management can be thought of as a compass (pg. 332, para. 3). A compass will indicate current location and be a guide towards a desired direction. Thus, performance management helps businesses understand the current state of an employee’s performance and the desired outcome and direction in which to monitor and measure. Ensuring that an employee’s efforts are having a positive effect on business strategy becomes a key component of performance management. Moreover, human capital and performance management involves understanding how to align human capital management efforts to business strategies. Therefore, understanding how to align limo driver behaviors towards business strategy will be an indicator of the effectiveness of Landslide’s Limo performance management system. To facilitate the effort of recommending a performance management plan several issues will be addressed. First, how to align performance management to business strategy will be examined. Second, the philosophy of the organization performance will be explained. Third, a job analysis process will be conducted to identify the skills needed by employees and methods for measuring those skills will be detailed. Next, the process or processes for...
Words: 1821 - Pages: 8
...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 and less than that of its competitors. Landslide Limousines will need to establish a reputation by providing outstanding service to its customers to gain a share of the market. To be more competitive Landslide Limousines could offer options, such as sharing rides, similar to a shuttle bus service. Compensation Structure The compensation structure consists of direct compensation...
Words: 1135 - Pages: 5
...performance management. According to Cascio (2013), performance management can be thought of as a compass (pg. 332, para. 3). A compass will indicate current location and be a guide towards a desired direction. Thus, performance management helps businesses understand the current state of an employee’s performance and the desired outcome and direction in which to monitor and measure. Ensuring that an employee’s efforts are having a positive effect on business strategy becomes a key component of performance management. Moreover, human capital and performance management involves understanding how to align human capital management efforts to business strategies. Therefore, understanding how to align limo driver behaviors towards business strategy will be an indicator of the effectiveness of Landslide’s Limo performance management system. To facilitate the effort of recommending a performance management plan several issues will be addressed. First, how to align performance management to business strategy will be examined. Second, the philosophy of the organization performance will be explained. Third, a job analysis process will be conducted to identify the skills needed by employees and methods for measuring those skills will be detailed. Next, the process or processes for...
Words: 1821 - Pages: 8
...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...
Words: 1174 - Pages: 5
...Required Documentation Within the car service industry there a multiple certifications that Landslide Limousines would need to be in compliance of. These requirements are for the safety and security. (Imani, 2014). Below are the required documents that Landslide Limousine drivers would need: * Valid CDL license * Proof of insurance * Proof of clean driving record Training Evaluation Strategies Now, that we have reviewed the training methods we also have to assess and evaluate the effectiveness of the training. Accoriding to Cascio (2013), evaluation is a twofold process that involves (1) establishing indicators of success in training, as well as on the job, and (2) determining exactly what job-related changes have occurred as a result of the training.” Effective evaluation not only happens at the conclusion of the training, but it happens before training, during training, and after training. The recommended evaluation strategy for Landslide Limousines would be Kirkpatrick’s Four-Level Model of Evaluation. ("Ensure Your Training Is Effective", 2014). 1. Reaction – What does the learner feel about the training? 2. Learning – What facts or knowledge did the learner gain? 3. Behavior – What skills did the learner develop; what new information is the learner using on the job? 4. Results – What results occurred? Did the learner apply the new skills to the necessary tasks in the organization and, if so, what results were achieved. Reaction. This first...
Words: 992 - Pages: 4
...requirements for those operating a limo service. Drivers cannot drive more than 10 consecutive hours. Drivers must perform vehicle safety inspections and sign a vehicle maintenance log before each trip. Drivers must have a current valid state driver’s license and a list of any violations on file with the company. Drivers must have a minimum Class C state driver’s license with passenger endorsement. Drivers must also complete and pass drug and alcohol testing prior to employment and undergo random testing thereafter (Federal Limousine Service Regulations). Drivers must maintain a clean driving record and must be insurable under the company’s liability insurance policy. In Austin, Texas in order for an employee to drive a limo they must apply for a Chauffeur license permit. The permit will require background, license and traffic violations checks. A copy of the employee’s criminal history and driving record must be certified by Texas Department of Safety. Texas state law requires the employee to carry a license and provide on demand. Not carrying a license can result in a fine not to exceed $200, subsequent fines and jail time for second and third violations. Limousine companies must follow specific wage and hours laws when it comes to the payment of their drivers. If not done correctly the company may face liability in the form of IRS penalties, Department of Labor penalties and potential litigation. According to the Internal Revenue Service limousine drivers should be classified...
Words: 522 - Pages: 3
...Landslide Limousines Performance Management Framework HRM/531 Professor Butler 2016 Introduction While creating a performance management framework for Bradley Stonefield of Landslide Limousine, it is important to take a look at the six characteristics that are a part of the process. It is also important to incorporate the four levels of training assessment when developing a comprehensive job analysis. The recommendations being provided for a performance management framework are also associated with the organizations business strategy put forth by Mr. Stonefield. As previously discussed the limousine service will be located in Austin, Texas with 25 employees planned during the first year. The Annual net revenue is expected to hit $50,000 with a revenue growth of 5% for each year after the first year. Mr. Stonefield has now predicted an annual employee turnover rate of 10% for the company. Using this information, a performance management framework was created to pinpoint the skills needed by the employees, organizing performance philosophy, and a job analysis process. This framework helps Landslide Limousine in describing and outlining procedures used to determine employee skills with an approach that also delivers effective performance feedback. Performance Management Framework and Business Strategy It’s important when creating a performance management framework that the framework goes along with the organizational business strategy. During his meeting Bradley Stonefield...
Words: 1237 - Pages: 5
...Management Plan-Landslide Limousine Jessica Schofield HRM 531 April 28, 2014 Patrice Coultier Below as requested is a performance management plan formulated for the future of Landslide Limousine. This a new business comprised of about approximately twenty-five employees opening in Austin, Texas. Alignment of performance management framework An organization’s success relies on the standards set forth by the company’s principals and standards. It is the responsibility of the employer to develop topnotch standards and expectations that the employees are aware of and can strive to provide to the customers they serve. Employees should be provided proper training and education to best accomplish their tasks and job specific training needs to be managed. When beginning the initial performance appraisals there will need to be equal expectations and understanding of the goals set forth for the employee. To run smoothly it is best that the company provide the best possible tools and professional standards to be sure it is viewed as a company wide expectation and not an individual approach. In light of the goals and expectations of the employee there needs to be assessment and measurement that can be determined and rewarded through merit raises and acknowledgements for hard work and integrity. Organizational performance philosophy As a customer service business it will be essential for Landslide to define the goals of reliability, top-quality customer service, and high level...
Words: 807 - Pages: 4
...The Performance Management Plan for the Landslide Limousine Service The Performance management process is essential to successful business planning. This process should be a continuous, systematic approach that is designed to improve results through evidence-based decision making. In addition, it should focus on accountability for performance from varying levels with measureable tools. Performance management should be integrated into all aspects of an organization’s management and policy-making processes regardless of that organization’s size and industry. In the case of the Landslide Limousine Service, I have identified several key components that must be considered to adequately prepare and present a comprehensive performance management plan for Mr. Bradley Stonefield, the owner. As a business consultant, the development of a performance management framework, performance philosophy, job analysis, employee skill measurement and feedback assessment should be addressed in this plan. (University of Phoenix, Traci Goldmann) Performance Management Framework The performance management framework for the Landslide Limousine service will maximize driver engagement, development, and performance. This framework will also be consistent across all staff and establish achievable goals with appropriate measurement tools that will provide clear feedback. Organization Performance Philosophy A “performance management philosophy” is the organization’s belief about how people should be...
Words: 927 - Pages: 4
...Allen 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...
Words: 1207 - Pages: 5
...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 driver issues like healthcare for drivers, state regulations, and safety for professional drivers. The NATD points out that the nearly 250,000 taxi and limo drivers in the United States...
Words: 1824 - Pages: 8
...Intro Landslide Limousine is a small company comprised of 25 employees looking to enter into the Austin TX area. Your employees will be very well compensated so my team has come up with a performance management system that will include activities that ensure goals are being met on a consistent effective and efficient manner. This will increase Job satisfaction from employees and it also holds the employee accountable for their own productivity and performance. Our performance management plan will demonstrate how the performance management system aligns with your business strategy, the organizational philosophy, the function that job analyses will serve in the performance management plan, methods used for appraising performance, and an approach for delivering effective performance feedback from your employees. Alignment of the performance management system to the organizational business strategy The performance management system that my team has prepared for you is in line with your organizational business strategy and will help you accomplish your goal of achieving a -$50,000 annual net revenue for this year but an overall revenue growth of 5% for a couple of years (Goldeman & Stonefield, 2013 phone conversation). This system allows you to plan ahead and set expectations and goals to meet for your drivers and office employees. Your business strategy is to have the best customer service rating in all of the Limo companies in Austin Texas but offer lower prices than...
Words: 301 - Pages: 2
