Art Hallen Corporation Compensation Management Term Paper

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At Hallen Corporation the employees will be required to pay the insurance premiums of the healthcare policy they take with them (Caruth & Handlogten, 2001; White & Druker, 2000). The Americans with Disabilities Act prevents Hallen Corporation for discriminating against employees of the basis of their disability. An employer must make reasonable accommodation for an employee to work if they have a disability (Whit & Druker, 2000). A rewards based incentive program or the "employee of the month" program at Hallen is one that all employees area eligible for according to the law (White & Druker, 2000).

On implementation, to deal with traditional bases for pay the company will grandfather in old employees so they may still enjoy the compensation benefits of the company previous to the inception of the new strategy. Implementation would provide incentive pay to employees that fill high-need and high-skill positions in the way of a performance-based pay system. Employees with higher skill levels or highly-valued skills will be paid an amount that is fair and competitive for their skill set. Hallen Corporation will also offer them merit-based pay or bonuses throughout the year if they complete or meet certain objectives outlined by the corporate team of Hallen Corporation. To retain these employees the company will provide a performance review system that will allow managers the opportunity to sit with employees and discuss with them their goals and objectives. During the annual performance review, the manager will be required to ask the high-value employee what motivates them. The company will continue to do this annually so it can devise a rewards-based program that employees find motivational. This may mean Hallen Corporation must develop a reward system that offers a flexible scheduling program that allows employees to work four 10 to 12-hour days rather than five 8-hour days each week. This flexibility will allow employees to have one extra day each week to take care of family of personal affairs.

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Studies suggest flexibility in benefits and work hours are highly motivational to employees with and without large families (Martin, Bartol & Kehoe, 2000; White & Druker, 2000; Caruth & Handlogten, 2001). Because Hallen is interested in remaining competitive it will also attempt to design an employee of the month program that will allow the employee extra "perks" which will include a trip to lunch with anyone of the employee's choice on the corporate tab. These small gestures by Hallen Corporation will prove to the employees that the company is sincerely interested in their wellness and their role at Hallen.

Person-focused pay is the same as performance-focused pay. Hallen's competitive compensation program is designed to focus on its employees by finding out what motivates them and providing them with the tools to realize this. Hallen also offers a performance or merit-pay bonus system that inspires employees to work competitively to realize flexible benefits and small increases or incremental increases in pay resulting from bonuses rewarded for good work and loyalty.

Discretionary benefits the company will offer include short-term disability as described earlier in the paper, and the performance or merit-based reward system, inclusive of flexible scheduling and added paid time off for employees that excel or perform "above the call of duty." To remain internally and externally consistent the company participates in bi-annual surveys and reviews that allow the company to benchmark and compare its pay and benefits system to similar….....

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"Art Hallen Corporation Compensation Management" (2007, December 23) Retrieved May 19, 2024, from
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