University | Singapore University of Social Science (SUSS) |
Subject | HRM313: Total Reward Design and Management |
HRM313: Total Reward Design and Management Assignment, SUSS, Singapore Examine Two contextual factors that Andrew must consider as DesignX plans to expand into the Chinese cities
Question
DesignX, an architecture design and consultancy firm which has been operating in Malaysia, Thailand, and Singapore for 10 years has acquired regional recognition for its works in residential design and development. DesignX is looking to expand to China, in the second-tier cities of Hangzhou and Xi’an. The management team is considering transferring 6 of its 20 senior architects to these Chinese cities to spearhead its business development in some large residential development projects there.
Andrew Toh, the Head of Human Resources was in discussion with Debra Lim, the Senior Manager for Total Rewards in planning for its first international rewards package for the 6 senior architects. The current senior architects, besides those who were part of the pioneer team, were hired locally in the country of operation. The compensation components for the senior architects comprised of the basic monthly salary and the annual performance bonus that is based on individual performance targets and the overall company performance. The annual performance bonus is in the range of 1 to 1.5 months’ basic salary for average performers and 2 to 3 months for above-average performers. The benefits components comprised standard mandatory leave, outpatient and inpatient medical benefits, basic annual health screening, and transport allowance to cover work-related on-site meetings with clients. DesignX’s base salary level is benchmarked at the 50th percentile while total compensation, including variable components, is below the market at the 40th percentile. The benefits level is below the market provision in the industry standard.
- Examine TWO (2) contextual factors that Andrew must consider as DesignX plans to expand into the Chinese cities.
- Propose THREE (3) compensation or benefits components that Debra should incorporate in the remuneration package to ensure its market competitiveness for employees transferring to the Chinese cities.
- In the long-term plan for DesignX’s talent management program, Andrew is proposing using long-term performance-related rewards to incentivize its team of senior architects.
- Recommend TWO (2) long-term performance-based rewards plans that would be appropriate for DesignX as it expands further in Asia.
Hire a Professional Essay & Assignment Writer for completing your Academic Assessments
Are you a student at the Singapore University of Social Sciences (SUSS) enrolled in HRM313: Total Reward Design and Management? Don't let the pressures of your Final Year Project (FYP), group-based assignments, or case study writing hinder your academic progress. Our professional team at Singapore Assignment Help is here to provide you with comprehensive support and assistance. With our expertise in HRM and total reward management, you can trust us to deliver top-notch solutions tailored to your requirements
- A2329C Dosage Form Design AY2024 Term 4 – Graded Assignment (Individual Report), Singapore
- ANL312 Text Mining and Applied Project Formulation, End-of-Course Assessment, SUSS, Singapore
- CMM315 Peacebuilding and Security, End-of-Course Assessment, SUSS, Singapore
- HFS351 ECA (End-of-Course Assessment) SUSS : July Semester 2024 – Safety Management and Audit
- HFSY217 ECA (End-of-Course Assessment) SUSS : July Semester 2024 – Emergency Preparedness and Response Planning, Singapore
- NSG3EPN Assignment Two instructions rubric – Contemporary nursing practice :Engagement in Professional Nursing, LTU Singapore
- HFS201 GBA (Group-based Assignment) SUSS: July 2024 – Workplace Evaluation and Design
- Business Accounting & Finance – (VM) – A3 Assignment, UOM, Singapore
- HRM3010S: Managing People At Work, Assignment, UCD, Singapore
- HFS351: Safety Management and Audit, End-of-Course Assessment, SUSS, Singapore
UP TO 15 % DISCOUNT