HRM313: Total Reward Design and Management Assignment, SUSS, Singapore Select an industry that is mandated to implement Progressive Wage Model (PWM) and describe how the model works
- Select an industry that is mandated to implement Progressive Wage Model (PWM) and describe how the model works. Illustrate the key features and objectives of the PWM in your selected industry.
- Choose a company with operation in Singapore from the selected industry and provide a brief profile of the company. Examine the external impact of government policy, market forces, and unions in influencing the implementation of PWM in your selected industry and company.
- Discuss and contrast the internal alignment and external competitiveness policies in the pay model concept that is being applied to the PWM in your selected company. Illustrate using the salary data of a specific job family in the selected company to explain one technique in each of the above policies. If the salary data of the selected company is not made available publicly, you can use salary data on compensation websites such as payscale.com or salary.com. You can also choose to use the progressive wage model as reference salary data to answer the intended discussion.
- Discuss any TWO (2) possible conflicts amongst the various stakeholders in the company while implementing the PWM into their pay structure. Recommend TWO (2) ways in which the compensation specialist can resolve the conflicts to benefit all stakeholders.
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