Wage Determination & Administration FASTCAT PHASE –I Submitted by Group 20 (HRM-B) Honeydeep Singh Sabharwal H11080 Neha Londhe H11092 Rahul Balyan H11103 Rahul Krishnan H11104 TwisamDatta H11116 1 Executive Summary We recommend an egalitarian‚ flexible internal structure to achieve objectives. A set of compensable factors are identified and weighted as per the strategy of the company. Special emphasis is on taking forward the core competency of FastCat which is providing superior quality software
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FASTCAT FastCat: Phase 1 “High-Five” Compensation Package 1 October 2013 In Phase 1 of the FastCat Compensation Case‚ our team has included our recommendations regarding strategies‚ objectives‚ the formation of an internal structure‚ and an implementation plan that will allow a seamless transition from FastCat’s previous compensation structure‚ which was nearly non-existent‚ to the proposed structure our team of compensation specialists is proposing. INDEX Executive Summary Pg. 2
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FastCat Compensation Plan Phase I February 10‚ 2013 Presented By: The Compensation Group Table of Contents Executive Summary 2 Recommended Compensation Plan Objectives 3 Strategy for Internal Alignment 4 Job-based Plan 5 Compensable Factors 6 Internal Structure 11 Picture of Internal Structure 12 Execution/Manual 21 Rationale/Evaluation of Recommendations 22 Executive Summary FastCat’s mission is to exceed customer’s expectations of value‚ dependability
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Phase 1: Objectives Report FastCat‚ founded in 2001‚ is a successful company that creates software specifically for the medical field. Targeting small to medium sized companies‚ FastCat was able to expand fairly quickly to 200 employees and earn revenues of 36.5 million dollars. The success FastCat obtained also brought heavier competition such as bigger companies like IBM and Oracle. FastCat realizes they need to become more innovative in their software design along with keeping their employees
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Assignment 2 – Compensation Plan Outline Ginger Renee Wigglesworth Dr. Anthony Jacob Compensation Management December 2‚ 2012 Evaluation of Coca Cola ’s Compensation Plan Introduction Coca Cola uses a market-based compensation plan in which employees receive compensation that is comparable to the market rate. The market-based system is used for hourly employees and for entry level managers that receive a salary. The company also uses a merit pay system for increases‚ with
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Total Compensation Plan Design Macy ’s (fictional) Table of Contents Executive Summary…………………………………………………………….3 Macy’s Overview………………………………………………………....4 Macy’s business strategy and organizational culture………………………..5 Macy’s Organizational Chart………………………………………………….6 Macy’s Broad Compensation Strategy…………………………………………7 Macy’s Compensation Plan……………………………………………………….8 The Cost of the Compensation Plan………………………………………………..9 Compensation Plan Communication……………………………………………..10 Executive
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Swift Marketing Plan: Phase II Swift is the largest transportation company in North America. It transports with the largest fleet of trucks and largest number of intermodal terminals‚ as well as by sea. The goods transported are varied in sizes‚ from large cargo bays to small packages. Swift is attempting to improve its business by offering a unique service. It would like to allow its customers the opportunity of precise transportation tracking‚ enabling customers more control over their products
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Patricia Elizabeth Scott BUS 434 Compensation System Plan Instructor Foster September 19‚ 2011 Compensation System Plan When designing a strategic compensation plan‚ key considerations include criteria for strengthening performance‚ containing cost‚ limiting liability‚ and promoting fair pay. (Mayer‚ 2004‚ pg. 2). To ensure long-term success‚ organizations need a compensation system that links company strategy to performance‚ ties the strategy to the labor market‚ is within legal compliance
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FastCat Phase I Roadmap/Requirements Note: The casebook is necessary to address what is required here‚ but it also asks you to answer questions and go in directions that I do not require. For your Phase I deliverable‚ complete sections I through IV from this sheet for Phase I. Be sure to complete each item. Use the casebook but do not let it lead you away from these issues. The text can be single-spaced (12 point font) with 1 inch margins. Make liberal use of tables‚ bullets and headings to
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Building a Lasting Compensation Plan Building a Lasting Compensation Plan Compensation plans are as varied as the companies that implement them. They reflect a company’s culture‚ financial strategy‚ organizational structure and goals. Compensation plans serve as the catalyst for employees to join a company and remain‚ which in turn enables the organization to fulfill its obligation to provide goods and services. Developing an effective compensation plan requires thorough preparation
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