Compensation And Benefits Strategies Recommendations
Compensation and Benefits Strategies Recommendations
Bethany Rutschilling, Alisa Brady, Michael D Silva, Everett Pownall, Melissa Britter
MGT/521
3/30/2015 Michael Osby
Compensation and Benefits Strategies Recommendations
This paper will cover the compensation and benefit recommendations we have outlined for Clapton Commercial Construction, this will address the needs for a compensation structure, the company’s position in the market, a compensation and benefits strategy, the use of performance incentives and merit pay to recognize and engage employees, and to identify the laws related to the benefits and pay program.
Clapton Commercial Construction strategic plan is to provide to the employee a total compensation package. The organization’s goal is to attract employees with their compensation structure and base pay. Clapton wants to be comparable to other commercial construction business located in Arizona. Kitchell is the number one commercial construction company in Arizona. (Republic, 2014) Kitchell is 100% owned by its employees which contribute to the loyalty and low turnover rate. (Kitchell, 2015) Kitchell has a substantial compensation package consisting of a supplemental life insurance options, tuition assistance, vision insurance, 401k, adoption assistance, ten paid holidays, health insurance, profit sharing, employee assistance program, paid time off plans and employee wellness programs. (Kitchell, 2015) Just like its competitor McCarthy Building Company who is rated second in Arizona. (Republic, 2014) McCarthy is 100% percent employee owned with a similar employee compensation package. (McCarthy Building Companies, 2015) To be comparable with other construction companies in Arizona, Clapton should not differ much from the competition.
Clapton Commercial Construction is planning to expand their business to Arizona and add 130 employees. With their annual net revenue of $10,000,000 and an expected -3% revenue growth, Clapton Commercial
Bethany Rutschilling, Alisa Brady, Michael D Silva, Everett Pownall, Melissa Britter
MGT/521
3/30/2015 Michael Osby
Compensation and Benefits Strategies Recommendations
This paper will cover the compensation and benefit recommendations we have outlined for Clapton Commercial Construction, this will address the needs for a compensation structure, the company’s position in the market, a compensation and benefits strategy, the use of performance incentives and merit pay to recognize and engage employees, and to identify the laws related to the benefits and pay program.
Clapton Commercial Construction strategic plan is to provide to the employee a total compensation package. The organization’s goal is to attract employees with their compensation structure and base pay. Clapton wants to be comparable to other commercial construction business located in Arizona. Kitchell is the number one commercial construction company in Arizona. (Republic, 2014) Kitchell is 100% owned by its employees which contribute to the loyalty and low turnover rate. (Kitchell, 2015) Kitchell has a substantial compensation package consisting of a supplemental life insurance options, tuition assistance, vision insurance, 401k, adoption assistance, ten paid holidays, health insurance, profit sharing, employee assistance program, paid time off plans and employee wellness programs. (Kitchell, 2015) Just like its competitor McCarthy Building Company who is rated second in Arizona. (Republic, 2014) McCarthy is 100% percent employee owned with a similar employee compensation package. (McCarthy Building Companies, 2015) To be comparable with other construction companies in Arizona, Clapton should not differ much from the competition.
Clapton Commercial Construction is planning to expand their business to Arizona and add 130 employees. With their annual net revenue of $10,000,000 and an expected -3% revenue growth, Clapton Commercial
References: Arizona, I. C. (2015, March 29). Workers ' Compensation Insurance. Retrieved from Employer 's Frequently Asked Questions: http://www.ica.state.az.us/Claims/Forms/Claims_FAQs_WorkersCompensation.pdf Kitchell McCarthy Building Companies, I. (2015, March 29). McCarthy Building Companies, Inc. Retrieved from mccarthy.com: www.mccarthy.com/careers/careers-at-mccarthy/total-rewards/ Republic, T Senate, A. S. (2015, March 29). Labor Employment Laws. Retrieved from Arizona State Senate: www.azleg.gov/briefs/Senate/LABOR%20EMPLOYMENT%20LAW.pdf Stanton, C Ojimba, E. (2004, November 15). Salary Basics - Pay Structures. Salary.com for Business. Retrieved from http://www.salary.com/Small-Business-Advice/advice.asp?part=par409 Cascio, W. F. (2013). Managing Human Resources: Productivity, Quality of Work Life, Profits (9th ed.) Boston, MA: McGraw-Hill/Irwin Thompson, S. (2015). What is the Difference Between Merit Pay Incentives and Pay For Performance? Demand Media