Compensation Management

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Jnlyn

Business Finance

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Compose a 3-4 page paper that addresses the exercise posed in “Your Turn – Adapting Benefits to a Changing Strategy” beginning on page 480 of the Mikovich text. APA formatting standards must be followed. A minimum of 3 scholarly resources from outside of class need to be used.

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топс с Lolli actor. Contingent work relalius ing for a contract company, working on call, and workmy W UIT and contraction of production/services, contracting offers a viable way to meet rapidly Both to reduce costs (because fewer benefits are offered) and to permit easier expansion changing environmental conditions. Your Turn Adapting Benefits to a Changing Strategy In recent years Hewlett-Packard has gone back and forth about whether it should retain or drop its computer division. In 2002 Carly Fiorina led the acquisition of (merger with) Compaq, a rival computer company. Some felt that this bold move diverged from a long-standing strategy based on innovation. Selling computers is viewed as almost a commodity business—to succeed in this market requires a low cost strategy. Historically, HP has been a company known for innovation as a primary strategy. Its mea- surement and computer peripherals businesses (e.g., printers) were successful largely because of first- to-market benefits driven by an innovative culture. Clearly the acquisition of Compaq caused some challenges for HP's Human Resources group. Almost from the start the board questioned the Compaq acquisition. Eventually Ms. Fiorina was asked to leave. In the aftermath of the CEO change, the battles have continued over keeping Compaq versus divesting. Using what you learned in Chapter 9 about the linkage between strategy and HR policy/practices, suggest the difficulties that HR faced after the Compaq acquisition. Recent news about HP indicates they will keep the computer business. Suggest things you might do as a benefits manager at HP that would both balance low cost mandates and in- novation aspirations. How might you structure communications, cost saving/controls, and new design issues to both save on benefit costs and reinforce innovation? Each suggestion should be mindful of both constraints. When you are done, indicate the challenges of being both a low-cost provider and innovator under the same corporate roof. Summary Since the 1940s, employee benefits have been the pensa-
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Running head: COMPENSATION MANAGEMENT

Compensation Management
Student’s Name
Course Number – Name of Course
University Name
Instructor’s Name
Date

1

COMPENSATION MANAGEMENT

2

Compensation Management
Difficulties that HR faced after Compaq acquisition
There is a close relationship between business strategy and policies. In most cases, a
strategic vision of a company is set by the management to act as an overall plan on how a
company should move forward. Most of the policies in a company relate to internal activities
such as human resource management (Minavand & Lorkojouri, 2013). When HP acquired
Compaq, the company had to align its HR policies to the acquisition strategy. To link strategy
and HR policies, the human resource manager should implement policies which promote
competitive and attractive compensation packages to retain and attract talented employees.
However, this acquisition could have posed several challenges to the HR due to several
differences and expectations by the employees from Compaq and HP. Merge like the one of HP
and Compaq has adverse implications on the on the human resource in all companies across the
world (Mehta et al., 2015).
Acquisitions lead to uncertainty on how to handle HR issue...


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