Employee Compensation and Benefits Essay

char Corporation, an modern new technology corporation, has just hired magic as the handler of their Human Resources Dep finessement. As HR Director, caper has been tasked with hiring an administrative Assistant/ escritoire for the advertising department and to beat an employee earnings and benefits package that give be used for that position upon hire. He must elaborate on faint Corporation and the type of organization for which he is designing the package and develop an employee compensation and benefits package for this new position. He must be satisfactory to support his ideas the compensation/benefits package. This is the first sequence that John has had the task of hiring for Black Corporation and he volition need quality resources to assist him to assure that he is able to make the process as smooth and trenchant as possible.What type of Organization is Black Corporation?To begin with, John has recently been hired by Black Corporation as the handler of their H R department. John has may years of HR experience and is to a fault a certified Senior Professional in Human resources. BC is a brand new addition to the technology constancy, which has just introduced an progressive communications device called the Talk Tablet. This device is a cellular recall that is likewise a tablet that can be used for lay downings access and app purchases. The head of Advertising, Mary, is in the process of launching a multi zillion dollar ad campaign and is in need of a administrative Assistant/Secretary to assist her. Although BC has been open for less than a year they have established their stake in the industry with their exponent to enhance current products and out sell many of its competitors. They are also known for employee satisfaction. BC considers its employees their greatest asset and tours excellent benefits and compensation. They are a very competitive employer therefore their employees are all experienced professionals in their area of expertise.The Administrative Assistant/Secretary Compensation Package Next, John has to develop the compensation/benefits package for his new hire Elizabeth. According toBLS.gov the median value even off in 2012 (the most updated reporting) for an AA/Secretary is $35,330 or $16.99 per hour. (Secretaries and Administrative Assistants, 2014) BC prides itself in hiring and retaining the cream of the crop in all of the areas they employ. They ordain pay Elizabeth a base salary of $61,000, due to her experience in this industry and position, and her performance will be evaluated in 90 days for a compensation increase. The base salary for an entry level AA/Secretary will be $51,000. This is $975 more than one of their competitors orchard apple tree Inc., according to Glassdoor.com (Apple AA periodical pay, 2014) Additionally John will decide on the benefits package. Susan Hatchfield, management and organization development consultant, who specializes in human resources, explains that health insurance is the foundation of a universal employee benefits package. Health insurance is the preferred employee benefit of the majority of mickle who work. No comprehensive employee benefits package would be complete without employer gainful time off from work. Short-term disability insurance ensures that an employee will still cop a percentage of income if they cannot work due to sickness or a disabling injury. Long-term care is an insurance polity that protects an employee from loss of income in the event that he or she is unable to work due to illness, injury, or accident for a foresighted period of time. Various dental insurance plans are available for employers to offer as part of a comprehensive employee benefits package. Vision insurance is a lower cost addition to a comprehensive employee benefits package that is provided by employers. Life insurance is an appreciated theatrical role in a comprehensive employee benefits package. (Heathfield, 2014, para. 6) All of these benefits will be the origination for the package for the Administrative Assistant/Secretary.Health, dental and vision insurances will be competitively priced with BC covering the majority of the premiums. The short term and long term insurance and a basic life insurance policy will be provided to the employees at no additional cost. BC will also provide a 401(k) couchment option to allow employees to invest in their retirement with a 7% match to all investments. They will also allow an employee stock option with the improved dividends of the corporation. She will be given paid time off on a tiered scale, 4 weeks to begin with as strong as a 2 day increase every 3 years with a level best of 6 weeks. All major holidays willalso be paid with additional days off for some selected holidays. The package will accept 12 stress/sick days per year. Elizabeth has been an AA/Secretary for the Advertising conductor with Google for 10 years and is excited to make the transit ion to Black Corporation. Google is the hallucination gig for many young professional according to a position conducted by CBS News.Amy Levin-Epstein, of CBS Newss Money Watch reports that Google offers a amount package of fringe benefits, but on top of that are excellent dining facilities, gyms, laundry rooms, massage rooms, haircuts, carwashes, dry cleaning, commuting buses just about anything a hardworking employee might want. (LEVIN-EPSTEIN, 2011, para. 2) They even offer free beer. With this in mind, John needs to develop a package that can offer some of the great fringe benefits that Elizabeth is used to. Although BC is a plum new company they have invested in a state of the art facility, and they have done their research.They incorporated all of the amenities that Google offers as well as onsite training facilities and the option to go to school on campus to earn certifications and degrees. In conclusion, John has completed his task. He has hired Elizabeth as the Admin istrative Assistant/Secretary for Mary and he has developed a compensation package for the AA/Secretaries of Black Corporation. Elizabeth will start after she submits her 2 weeks notice.ReferencesApple Administrative Assistant Hourly Pay. (2014). Retrieved from http//www.glassdoor.com/Hourly-Pay/Apple-Administrative-Assistant-Hourly-Pay-E1138_D_KO6,30.htm Bureau of Labor Statistics, U.S. Department of Labor, occupational Outlook Handbook, 2014-15 Edition, Secretaries and Administrative Assistants, on the Internet at http//www.bls.gov/ooh/office-and-administrative-support/secretaries-and-administrative-assistants.htm (visited June 16, 2014). Heathfield, S. (2014). Whats In a Comprehensive Employee Benefits Package? Retrieved from http//humanresources.about.com/od/compensation-structure/tp/employee-benefits-package.htm LEVIN-EPSTEIN, A. (2011). Google Job Perks Top 10 Reasons We Want to Work There. Retrieved from http//www.cbsnews.com/news/google-job-perks-top-10-reasons-we-want-to-wo rk-there/