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Analysis of "Marshall & Gordon. Designing an Effective Compensation System"

©2015 Essay 9 Seiten

Zusammenfassung

Solution to a Harvard Business School Case Study: How to design an effective compensation system? This term paper is an analysis of the Case Study "Marshall & Gordon: Designing an Effective Compensation System (A)" by HEIDI K. GARDNER and KERRY HERMAN.

Putting myself in the shoes of Kelly Browne, CEO of the PR agency Marshall & Gordon, I believe it is nearly impossible to design something like the „ideal compensation policy“ fitting everyone’s needs. However, I know that there are several recommended guidelines with fundamental properties for compensation systems that should be taken into serious consideration by executives while creating such systems.
A compensation system should consist of: a statement of overall objectives, the relative importance of compensation, general performance measures, competitive reference points, competitive positioning, internal equity and consistency, communication and involvement of employees, and governance.
As for the category of „involvement of employees“, Herzberg’s motivation theory stipulates that factors such as recognition, achievement, increased responsibility and opportunities to learn (within the company) are extremely important factors for employees, besides payments and benefits.
In the following case study I will attempt to analyse the current incentive system with respect to the given questions using numerous quotations.

Details

Seiten
Jahr
2015
ISBN (eBook)
9783656976066
ISBN (Buch)
9783656976073
Dateigröße
469 KB
Sprache
Englisch
Institution / Hochschule
Technische Universität Wien
Erscheinungsdatum
2015 (Juni)
Note
1
Schlagworte
analysis marshall gordon designing effective compensation system
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Titel: Analysis of "Marshall & Gordon. Designing an Effective Compensation System"
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9 Seiten