Compensation Negotiation at Whole Health Management Case Solution And Analysis, HBR Case Study Solution & Analysis of Harvard Case Studies

Compensation Negotiation at Whole Health Management Case Solution

1. Compensation Package

Base Salary: $100000 semi -annually

Reason: Because the company has set the median amount of base salary where the employee is given the competitive market salary according to the health sector

Stock options: 10000 share at $2.5, because the company can allot the minimum shares to its employees and maximum to the public as per the standard equity plan.

Bonus: Based on performance

Reason: The bonus is based on performance, i.e.is the employee’s position is excellent so he will be given 75% of his salary, good performance, 50%, average performance 25% and poor performance, no bonus will be given by the company.

Relocation Allowance: $3600

Reason: Because Monroe needs to pay the rent of the house. Although, he can take the cheaper apartment but he needs to maintain his status symbol and for that purpose; the relocation allowance is given, which can be increased in future.

2. Letter of Acceptance

Sub: Acceptance of Job Offer

Dear Mr Jim Hummer,
I offer my gratitude to you for offering me the position of the Director, Business Operations at the Whole Health Management. It is a privilege for me to be selected by your esteemed organization. I accept your offer and I look forward to begin working with your company.

Working with the prestigious organization like Whole Health Management has always been my dream. I assure to perform my best in every assigned task and work to achieve the goals and objectives of the company as a dedicated employee.

Kindly let me know if there is any information or documents I’m required to submit. I’d like to complete all the formalities prior to my joining, so that I can start my work efficiently.

I am grateful to you for giving me this opportunity and I’m excited to be the part of your team and to make my notable contribution to it.

Yours Sincerely,
Monroe Davies

3. Executive Memo

Dear Mr Jim Hummer,

I offer you the job position of the Director, Business Operations hereby addressing this letter to the Whole Health Management.

I acknowledge my skills for the job position as I have conducted various programs along with my unimates, where my role was to negotiate with the management and to work with them. As I have experience in my academic career; I assure the concerned authorities of my professional action and good performance.

In an addition to that, I am also a good communicator who possesses the effective skills of communication. I am also a good observer and an efficient decision maker.

As this is my first exposure after my academics; I’m eager to work with the Whole Health Management and to enhance my skills with the renowned Whole Health Management team.

I desire to take this opportunity as a ladder to my career and prolong it in the future. Moreover, I assure that I will be workaholic and a dedicated employee which will be a good asset of the organization. I will strive to work for the achievement of goals and vision of the Whole Health Management.

I’d like to acknowledge the concerned authorities that I will be joining the organization from 10^th May 2021.

Yours sincerely,

Monroe Davies

Email: abc@gmail.com

Date: April 13^th, 2021............................

Compensation Negotiation at Whole Health Management Case Solution

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