HRM 498 Week 4 HR Strategic Compensation Planning Process
Design a simple online compensation survey in Microsoft® Word. This should not be more than 10 questions for employees as part of a compensation-planning process that:
- Determines broadly what motivates workers from different generations and cultural backgrounds.
- Determines whether or not money motivates these employees.
Interview an employee from each age group of 20s, 30s, 40s, 50s, 60s, and 70s from any organization. The employee may be of any culture that he or she self-identifies. Ask each employee to fill out your survey. Analyze your results.
Create a matrix or grid of compensation plans for each generation and culture that would result in high performance, based on the survey results.
Provide an analysis of the survey results and the matrix, along with an explanation of how these compensation plans as well as generational and cultural issues integrate into the strategic planning process.