Compensation Management

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Business Finance

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Question A

I uploaded the country Brazil and the info needed to complete Question A

"Pay and Benefits Outside the United States" Please respond to the following:

Select the minimum pay and retirement practices of one (1) of the countries discussed in Chapter 14. Next, determine the likely result that will occur if those practices were adopted by the United States. Provide support for your response.

Predict one (1) critical issue that could pose a major challenge to compensation professionals in the next ten (10) years. Next, propose a solution to this challenge and how a resolution could be accomplished. Justify your response.

Also respond to the following-

In our country, there are still many who are finding it difficult to obtain health insurance. Medical insurance is very expensive. As the result the option is to buy medical insurance with a high deductible- the US minimum requirement. These insurance plans have deductibles that many will never reach.

There are many articles that note, the compensation and medical benefits are much better in other countries than it is in US. Take a minute and review the article for Glassdoor- Please share your thoughts: The U.S. Lags Behind Europe in Workplace Benefits and Paid Leave; Glassdoor Economic Research https://www.glassdoor.com/blog/lags-europe-workpla...


Question B

"Looking Back and Ahead" Please respond to the following:

Determine one (1) of the most important or surprising things you learned in this course Business Compensation Management. You will then explain why this was surprising to you.

Select two (2) major concepts you learned in this course and recommend two (2) ways that organizations can use them effectively to gain competitive advantage.


Question C

Case Study - Harry Davis just finished interviewing a candidate to fill another medical billing specialist opening. As the human resources manager for MedEx, a medical billing company, Harry is concerned about the high turnover rate for the specialists. Turnover is very costly for the company, and Harry is trying to identify ways to lower the turnover rate. The candidate he just interviewed asked Harry if any of the specialists worked from home. Harry informed him that they do not right now, but telecommuting may be an option in the near future.

MedEx employs more than medical billing specialists in its office located in a busy downtown metropolitan area. Each specialist works on a group of specific accounts, coding medical records and entering them into the computer system. The specialist position requires an intense 3-week training program to learn the coding system, but once they are proficient at their work, the specialists work independently on their assigned accounts.

In an attempt to identify the cause of the high turnover rate, Harry asked the specialists to complete an employee survey that asked about their satisfaction with their pay, benefits, and working conditions. In general, the employees indicated satisfaction with pay levels and benefits, but were not satisfied in some other areas. In the “comments” section of the survey, several employees noted challenges in getting to work each day. Some mentioned heavy traffic that caused long commutes, while others noted the high cost of parking downtown. Further, many employees noted high stress levels due to trying to balance their work and personal responsibilities.

When asked for specific ideas on how to improve the work environment, more than half of the specialists noted the option to telecommute as a desirable benefit. Because the specialists work independently, telecommuting is a feasible option. The specialists would need to work in the office at least 1 or 2 days per week in order to get updates on their accounts, but it would be possible for the employees to work from home the other days. Harry now must carefully consider whether to recommend offering the telecommuting option.

From the Case above, determine whether providing employees with a telecommuting option could help resolve the current high employee turnover issue. Provide specific examples to support your response.

Using the Internet and your textbook, analyze key issues and considerations that can impact expatriate compensation. Next, identify and describe one (1) of the most challenging aspects in setting compensation. Provide specific examples to support your response.

Please answer extra credit question also:

We live in a society that is very dependent of technology. Many employees benefit from this technology, because they can work from home. Consider the following: would you used part-time or flexible employees to work from home? Consider a method or process that will hold these part-time employees accountable if the work from home? Thoughts?

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Venezuela, and Chile. 20 These two trade blocs merged as of a declaration signed on December 8, 2004, at the Third South American Summit, and they formed one large trade bloc known as the South American Community of Nations, which plans to model itself on the European Union.2 This section will take a brief look at one of the largest economies in South America, Brazil. Brazil The CIA World Factbook reports that Brazil is a federal republic with a workforce of 110.9 million and a per capita GDP of $15,200.00 in 2014.28 The Consolidation of Labor Laws (Consolidacao das Leis do Trabalho) accords many employee benefits the status of fundamental constitutional rights, and in general the employment relationship in Brazil is highly regulated by statute. For example, Brazilian law states that any and all benefits habitually granted by the employer, whether expressly or tacitly, are considered part of the employee's salary for all legal purposes and cannot be abolished. The status of employment contracts is based on the country's legal principle of continuity. This principle applies to all employment contracts, written and oral. WAGE AND SALARY Brazil does impose a minimum wage. In accordance with the Federal Constitution, the minimum wage rate is nationally uniform and set by law. The minimum wage is fixed by a provisional measure, namely an act of the executive having the force of law, in accordance with Article 62 of the Federal Constitution and placed before Congress for conversion into law. In 2015, this monthly minimum wage was 788 R$ (Reais). PROTECTION BENEFITS Social Security The social security system that went into effect in 1991 details various benefits for workers in Brazil.29 Comprehensive social security benefits are provided by law CHAPTER 14 • PAY AND BENEFITS OUTSIDE THE UNITED STATES to all workers regarding retirement for illness, old age, or length of service; death benefit pensions ; assistance during imprisonment of worker, savings fund ; social services; professional rehabilitation assistance; work accident payments; maternity leave payments; family salary 331 support; accident insurance; and sick leave benefits. Pensions The U.S. SSA Office of Policy reports that social insurance in Brazil is provided to persons employed in industry, commerce, agriculture, domestic servants, some categories of casual workers, elected civil servants, and the self-employed."" There is also voluntary coverage for students, housewives, the unemployed, and other categories, as well as a special system for public-sector employees and military personnel. The monthly benefit is equal to 70 percent of average earnings plus 1 percent of average earnings for each year of contributions, up to a maximum of 100 percent. Employees contribute 8 to 11 percent of gross earnings based on earnings level. Voluntary contributors and members of cooperatives contribute 20 percent of declared earnings. These contributions also finance sickness and maternity benefits and family allowances. In general, employers are required to contribute 20 percent of payroll. Health Benefits In Brazil, medical services are provided directly to patients in rural and urban areas through the Unified Health System, and they include such benefits as general , specialist, maternity, and dental care; hospitalization; medicines (some cost sharing is required); and necessary transportation. 31 Brazil's per capita expenditure on health in 2012 based on the country's PPP exchange rate was $1,108.70.32
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Running head: COMPENSATION MANAGEMENT

Compensation management
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COMPENSATION MANAGEMENT

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QUESTION 1: Pay and Benefits outside the United States
One of the countries discussed in chapter 14 is Brazil, and even though it does not impose
a minimum wage, in 2015, it is stated that the monthly minimum wage was 788 R$(Reais). The
minimum wage is nationally uniform set by law and fixed by a provisional measure. The
retirement practice in Brazil state that pension is provided to persons employed I industry,
commerce, agriculture, domestic servants and some categories of social workers, elected civil
servants and the self-employed. Voluntary coverage is also offered to students, housewives,
public sector employees and the military. Employees contribute 8 to 11% of their gross earnings
and employers contribute 20% of the payroll. Voluntary contributors contribute 20% of declared
earnings, and these contributions are...


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