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Chapter 10

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Subject
Management
School
Central Texas College
Type
Homework
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Chapter Case:
PTO: Too Little or Too Much?
Name
Affiliation
Course
Professor
Date
What cost considerations would you take into account when revising this part of your
compensation plan?
When modifying this section of my compensation plan, I'll take into account the strategic level
modification costs for both the existing and revised compensation and benefits plans. With
nearly fifteen years since the last revision of our compensation plan, I feel it is critical that we
update it at the strategic level in order to ensure our long-term success. When it comes to Paid
Time Off (or "PTO"), our employees are now receiving, and what they should be receiving in
contrast to our competition.
PTO generally restricts the amount of paid vacation, sick leave, and holiday time an employee
may accrue and spend. I'd also take into account the expense of changing the company's present
compensation, health care benefits, and retirement plans for our employees.. I think that
providing our valued workers and their families with better and more appropriate compensation
and benefits will help the firm reach its recruitment and retention objectives and, in turn, benefit
our valued employees and their families.

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What other considerations would you take into account when developing a new PTO plan?
Consider the expense of updating and amending the existing and updated compensation and
benefits plans when making changes to this element of your compensation plan. Since the
present pay plan hasn't been updated in over a decade, I feel a strategic revision is critical to the
organization's long-term performance. The sort of paid time off, often known as "PTO," that our
workers now get and what they should be granted in relation to our rivals are two areas that
clearly need change.
As a result of PTO, many employees are restricted in the amount of paid vacation, paid sick
leave, and holiday time they may accrue. I'd also take into account the expense of changing the
company's present compensation, health care benefits, and retirement programs for our
employees. Our dedicated workers and their families will benefit from improved compensation
and benefits, and this will also help the firm accomplish its recruiting/retention objectives, which
I feel is a win-win situation for everyone involved.
Propose a new plan and estimate the cost of your plan on an Excel spreadsheet. Be
prepared to present to the board of directors.
When an employee is terminated, retired, or resigns from a job, he or she will no longer be
eligible for benefits such as health insurance or a bonus. All workers will have the opportunity to
sell any unused PTO time at the end of the year under a new policy. Employees who have been
with the firm for five years or more will get an additional two days of vacation under the new
scheme. Here's how it's going to go down:
Years of Service
Annual PTO Earned
PTO Rate

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Chapter Case: PTO: Too Little or Too Much? Name Afilation Course Professor Date What cost considerations would you take into account when revising this part of your compensation plan? When modifying this section of my compensation plan, I'll take into account the strategic level modification costs for both the existing and revised compensation and benefits plans. With nearly fifteen years since the last revision of our compensation plan, I feel it is critical that we update it at the strategic level in order to ensure our long-term success. When it comes to Paid Time Off (or "PTO"), our employees are now receiving, and what they should be receiving in contrast to our competition. PTO generally restricts the amount of paid vacation, sick leave, and holiday time an employee may accrue and spend. I'd also take into account the expense of changing the company's present compensation, health c ...
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