Ompensation human resources module 4 case assignment
Wal-Mart has taken a lot of heat for its approach to employee compensation. In 2006 Wal-Mart employees unionized in stores across China. The retailer has pledged to work together with the union. Given all that you have learned in the background readings about compensation, as well as what you have learned in prior modules regarding diversity, recruitment, and retention, Please review the required background readings (you will pretty much need all of them to do well on this case), and then:
Design a Basic Compensation Plan for Wal-Mart in China
Please prepare a 4 page paper, not including cover and reference page, double spaced, 1margins, that should look something like this:
1. Introductory Analysis in which you succinctly address (2 pp.):
Wal-Marts strengths and weaknesses regarding compensation
Issues regarding compensation plans for international companies in China
Implications of unionization on Wal-Marts compensation plans in China
2. Outline basic elements of your suggested plan, your rationale for each element, and how each element addresses the challenges that you have identified above (2pp.). Elements of your plan should include (see the compensation link in the background readings for additional details):
Objectives that you recommend for the compensation program
Who should be involved in overseeing the programs design and implementation
Compensation committee who should be involved? How should it work?
What, if any, differences should exist in pay structures for executives, professional employees, sales employees, hourly versus salaried employees, incentive-based versus non-contingent pay (i.e. salary), China national vs. expatriate employees.
Should the company should set salaries at, above, or below market, and according to which market(s) standards? China local, China national, international, etc.?
What types of compensation should be included in the plan, and which are most important? To what extent should non-cash incentives and/or benefits replace or supplement cash compensation? Should Wal-Mart use cash incentives in addition to salaries, and if so how?
3. Summation (1-2 paragraphs): Evaluate how elements of your proposed compensation plan will help Wal-Mart successfully compete to attract and retain qualified employees in the increasingly tight China labor market. How will it address the issues Wal-Mart is facing in China?
Draw upon sources in the background materials to guide your work, and reference any sources that you use in your work (at least FIVE in this case, please). ( i will attach sources)
Use headings and subheadings to clearly show the structure of your analysis.