Homework Question on Compensation Policy Statement
- You will write a 2-3-page statement of the corporate compensation policy you recommend for front line, management, and executive-level employees. Identify the business / profession you are addressing.
- Evaluate the options available to address the compensation dilemma and, using a theory of ethical decision making, justify the “right thing to do.”
- Does your proposal reflect egalitarian or libertarian ideas? Why is that the more ethical perspective?
Homework Answer on Compensation Policy Statement
This is the policy statement for New York solar installation company. The company shall at all times maintain a compensation policy that is fair to all employees regardless of their workstations. The company recognizes and acknowledges the sensitiveness attached to a person’s salary, but is also not blind from the fact that the employees would always wonder what their colleagues take home at the end the end of the month.
The company shall make sure that this information is transparent and the salary package would be considered an issue between the boss and all other employees and not between a single employee and the boss (Bredeson, 2012).To save everyone in the company the energy and time of always wondering what Jill or Bob is earning, the company would ensure that every employee is aware of what their workmates earn. Having said that, the company would maintain its policy, which states that no employee is allowed to earn more than twice of what his, or her fellow employees earn in the same company.
The largest variation, which might arise, and only in a special case is an employee to earn four times what a fellow colleague earns(Bredeson, 2012). All employees of the company are entitles to equal bonuses .The compensation structure would ensure that employees support strategies of the company, workflow is supported and positive behaviors that are desired in the company are reinforced. The company would therefore look at the big picture together with all employees at least once per month.