I need an explanation for this Management question to help me study.
You are the Compensation Manager for a large company that manufactures bicycles. The Operations Department of the firm is responsible for manufacturing the bikes, which is done in an assembly-line fashion. The process is quite man-power intensive.
You have been tasked to develop a benefits plan for all employees, which appeals most to assembly-line workers, since they comprise the highest percentage of employees. The plan shall perform three functions:
- Appeal to the assembly-line workers
- Meet the tenets of the core values
- Serve to reduce high turnover in assembly-line worker ranks
Your assignment is to design the benefits plan.