Acquisitions and PR Manager in a Real Estate Firm Compensation Plan – Description
Select a job that you have held or managed, or that you would like to in the future. Explain in detail how you would go about designing a compensation system for employees in this position.
Create a professional written guide explaining how a manager or HR professional would complete this task. Frame your work as a professional document, not a school assignment (other than in-text citations and a References list, where applicable). This guide should be of a level of quality that you could actually give it to a manager in the workplace to demonstrate your knowledge and capabilities in Talent Management.
The exact format of your paper is up to you, but the guide should have separate sections addressing each of these topics in detail:
How would you determine the base pay (starting, range with minimum and maximum, etc.) for this position? Will base by vary by individual employee, or will all employees in this job have the same base pay? Why will you use this approach, and how will it motivate employee behavior?
How would you use incentive or variable pay to motivate employees to perform well? Will you use short-term incentives, long-term incentives, or both? Will there be individual pay, group- or team-based pay, or both?
How would you ensure that your compensation plan complies with federal employment laws? (Make sure you identify the relevant laws, how they apply to your compensation plan, and what you need to do about them!)
Remember to keep your focus on the compensation process, not on the details of your position. You are not expected to provide actual dollar amounts for the position in this guide; rather, provide guidance for what factors a manager or HR professional should consider when they are setting compensation for their employees.
You can use examples from your knowledge of the position, particularly around the types of compensation that are common in your industry or job (e.g. some jobs have high base pay and no incentive, whereas others tend to be mostly variable pay) but your focus should be on explaining how the process of determining compensation works.
The post Acquisitions and PR Manager in a Real Estate Firm Compensation Plan first appeared on .
