{"id":11059,"date":"2018-02-20T23:50:30","date_gmt":"2018-02-20T23:50:30","guid":{"rendered":"http:\/\/superioressaypapers.com\/establishing-strategic-pay-plans-3\/"},"modified":"2017-01-05T23:41:05","modified_gmt":"2017-01-05T23:41:05","slug":"establishing-strategic-pay-plans-3","status":"publish","type":"post","link":"https:\/\/www.benedictsol.com\/blogs\/establishing-strategic-pay-plans-3\/","title":{"rendered":"Establishing Strategic Pay Plans"},"content":{"rendered":"<p>\nPaper details<br \/>\nDevelop a response for the question 1 &#038; 2. Then read the case and develop a responses for the 3 questions. Each<br \/>\nquestion(s) should have 165 words response.<br \/>\n1. What do you think are the key components within a performance management plan? Which component is the most<br \/>\nchallenging to implement? Why?<br \/>\n2. Today, many organizations use the S.M.A.R.T. objectives method when establishing personal performance objectives.<br \/>\nShould they continue to use this method or modify to another system? Explain your answer.<br \/>\nApplication Case Salary Inequities at AstraZeneca<br \/>\nMore than 50 years after passage of the Equal Pay Act, women in America still earn about 80 cents for every dollar<br \/>\nearned by a man. That adds up to a loss for the average female worker of about $380,000 over a lifetime.<br \/>\nRecently, the U.S. Department of Labor?s Office of Federal Contract Compliance Programs (OFCCP) entered into an<br \/>\nagreement with AstraZeneca, a large international pharmaceuticals firm, for the company to pay some of its female sales<br \/>\nassociates a total of $250,000. 137 AstraZeneca had a contract valued at over $2 billion with the U.S. Department of<br \/>\nVeterans Affairs to provide drugs to hospitals around the country. That made it subject to Executive Order 11246, which<br \/>\naims to ensure that employees of U.S. contractors and subcontractors with federal contracts pay their employees fairly<br \/>\nwithout regard to sex, race, color, religion, and national origin.<br \/>\nAfter conducting a compliance review, the OFCCP concluded that AstraZeneca violated Executive Order 11246 by failing<br \/>\nto ensure certain women employees were paid fairly. According to the OFCCP lawsuit, an AstraZeneca Business Center<br \/>\nhad routinely paid some of its female ?primary care? and ?specialty care? level III pharmaceutical sales specialists an<br \/>\naverage of $1,700 less than men with the same positions. Because of the company?s pay secrecy policies, many of the<br \/>\nwomen didn?t know they were being paid less. In addition to the financial settlement, AstraZeneca and OFCCP will review<br \/>\nrecords of the firm?s female employees in 14 states. If they find additional statistical evidence of wage discrimination, the<br \/>\ncompany must remedy it.<br \/>\n1. Although the case with OFCCP is closed, we wonder if there are any less discriminatory explanations possible for why<br \/>\nour women sales reps on average earned less than men. If so, what are they?<br \/>\n2. Our own company now uses a point method to evaluate jobs for pay purposes, and each resulting job class also has a<br \/>\nrate range associated with it. Sales associates are now paid a salary that is not based on incentive pay. List three specific<br \/>\nthings we can do to ensure that a similar problem (inequitable pay based on gender) does not arise again, assuming<br \/>\nthey continue using the point plan.<br \/>\n3. What sort of compensation plan would you recommend for us, and why?<\/p>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Paper details Develop a response for the question 1 &#038; 2. Then read the case and develop a responses for the 3 questions. Each question(s) should have 165 words response. 1. What do you think are the key components within <a href=\"https:\/\/www.benedictsol.com\/blogs\/establishing-strategic-pay-plans-3\/\" class=\"read-more\">Read More &#8230;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-11059","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/11059","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=11059"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/11059\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=11059"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=11059"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=11059"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}