This assignment is intended to achieve the goal of our Module 15 learning objective, “Design a benefits plan that can help to attract and retain the needed talents or foster employee behaviors that can lead to business success.” This assignment supports Course Objective 2.
Instruction
Read Werner (2015) and watch the video Why organizations provide benefits? in Module 15. Then, follow the instructions below.
For Discussion 4: Pay secrecy, you have started a company based on the one-million-dollar prize amount for winning a lottery. Let’s assume that five years have passed, and your business has grown successfully. Now, your business has ten stores/branches in the Central Texas area. With the growth of your business, you have decided that it is the time for your company to provide some serious employee benefits other than legally-mandated-benefits, which you already had in place from the beginning of your business. For the employee group that is most important for your business, describe one or two benefits program(s) that will help your business to attract and retain the needed talents or foster employee behaviors that can lead to business success.
Q1. What is your company’s competitive advantage in the market? How can this differentiate your company from other competitors that are already in the market? (If you have forgotten the concept of competitive advantage, you may want to watch Video 3 and Bonus Video 2 in Module 3.) (5 points)
Q2. What is the employee group that is most important to your business success? From the employee group that you have selected, what are the behaviors required to successfully achieve the competitive advantage that you have defined in Q1? Or is there a particular sub-population group that you need to attract? If so, who are they? (For example, you may want to attract more women for this job group if the employees in this job group sell women clothes.) What are some other required characteristics (e.g., personality) of the employees in the job group that you have selected? The trucking driver case in Werner (2015) can be a great example in answering this question. (5 points)
Q3. Now, what will be the benefits program(s) of your choice? How can this help your company to attract and retain workers with the behaviors and characteristics that you have identified in Q2? Or how can this foster behaviors that are identified in Q2? (10 points)
Q4. Let’s also think about the possible “unintended consequences” of this benefits program. What are some possible unintended consequences? Why? (5 points)
Assignment 12 – Overall Instruction
Q5. What are your plans to mitigate the unintended consequences identified in Q4? How can the plans mitigate the unintended consequences? (5 points)