Unit 7 Application 2 Essay Example | Topics and Well Written Essays - 1000 words

Unit 7 Application 2 - Essay ExampleThis is the plan not so taxing in terms of offset compensation while also provides opportunity for participation in the annual bonus plan. Additionally, the 10% starting allowance below market average can easily be offset by benefits in the annual bonus plan. The bonus range is also 0% to 20%, which is modal value above the difference mingled with salary poke outed for this plan and the market average.Yes, the HVP plan will most(prenominal) likely increase the job offer acceptance rate. Rejection or acceptance of a job offer by a candidate depends only if on terms and conditions, and that is an area well addressed by the plan. Other than offering flat and equivalent terms for all positions, the HR comes with variations in job categories for different jobs, and the three categories allow applicants alternatives from which to choose.The highschool hazard plan is ideal for the first category of applicants ready to assume risks given that t heir starting salary if way below the market average with a difference of 10%-30%. Nonetheless, such people can recruit in the annual bonus plan and they have the highest bonus range, 60% of the current salary. Whatever they cast in their basic salary will most likely be offset by benefits in bonuses, and this makes the plan suitable for just a certain line of people, hence increasing acceptance in that regard (Gully & Phillips, 2010). On the other hand, the low risk plan is ideal for applicants who take no chances with regards to starting salary, and their salary is 5% above the market average even though they do not accede in the annual bonus plans. The offer acceptance rate will then be high for this class of applicants following increase in salaries, and further because they have no interest in annual bonuses (Hayes et al, 2009).Yes, the HVP program will reduce turnover in the short run while it will most likely increase it once offer acceptance is done. The plan will reduce turnover because