Question

HRPR301-Assign... Q Owny 23:00 5 € HRPR301-COMPENSATION AND BENEFITS INTERSESSION 2020 WRITING ASSIGNMENT 3 First Class Books (FC) Arst opened its doors in 1996 and has had a long and successful History Selling books to the local market. The company was started by Michelle Book (working with a few part time employees and has progressed through the years to now include locations with a total that Michele those employees will be retiring soon or reducing the hours, and she wants some of her part time employees to their places and be with the business for the next several years and beyond Unfortunately, business hasn't been very good for the last couple of years and money is very light. EMPLOYEES: • There are 20 il time employees (4 per location) who work 36 hours per week. Most of these 20 have been with FCB since 1956. • There are part time employees (15 per location) who work between 15-25 hours per week depending on how busy the stores are . The remaining 20 employees are and are only called in for work when the stores are busy. Their hours are variable from work to work Michelle wil be retiring soon and wants to hand the business over to her son Brian Brion has always found a bit frustrating to work for his mother because Michelle doesn't have a lot of formal processes in place and while Michele verbocker customers and her employees, she is not much of a businessman and the company is currently in financial trouble Brian ia sus he cantum things around and has a plan to take First Class Books into the future. As part of that plan. Brian wants to introduce a formal Indirect Pay system. Pretend that you are Brian and answer the following question Which Indirect Puy benefits are you going to include in your plan, and WHY have you chosen the benefits that you did? NOTE: Make sure you tuly explain the reason why you have chosen the benefits that you did For example: You might say that Brian is going to offer dental benefits but if that is all you say, you will not receive any marks because it is NOT a complete answer your answer must discuss WHY Brian has chandertal, you must providers for your chois NOTE 2 Do NOT include Mandatory Benefits in your answer as these must be included for legal reasons. You will NOT receive any marks for mentioning these (CPP, EL. Workers' Compensation I am looking for your ideas and the reasons for those ideas: you will not receive marks if your w comes from the book, the Power Point slides, or other de source. I want to know what you think and wtry you think that way CRITERIA: Your paper should be madrum of 3 pages (it can be share as long as you complet each cuestion and we satisfied with your answers) • APA formated cover page (does NOT COUNT as part of the 3 pages). You are to follow the APA Cover Page example that is provided on the Moodle shell Make sure you include you udent number (a student number is not on the simple document, but I want you to add in anyway) • 1inch margins Arad 11 font Proper APA format You will not remarks for proper paling grammer, punction and overall English, but you will lose marks if there are errors • lecet a professional looking paper and you will marks if it is not You must submit both your assignment AND the Academic Honesty Declaration Letter The sawar lewath www.mk III U

Answer 1

Answer:

The indirect pay benefit that would be included in the plan is health and life insurance policies for the employees of first class books. Provision of health and life insurance policies will address two different benefits for the company. One being that it will help company in complying with the OSHA standards of providing and implementing health and safety measures in an organisation for its employees and another one being that the company would be able to motivate their employees by providing certain benefits for their safety purpose.

This formal indirect pay benefit will take smaller amount of company for the provision of benefit, will yield higher benefits to the employees and will save the higher amounts of the company which they are paying in the form of direct pay benefit.

In this way Brain will be able to take the first class books out from the financial crisis in a gradual manner.