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Why did Dan Price make this change?

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  • Post Date 2018-11-05T12:24:53+00:00
  • Post Category Essays

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Why did Dan Price make this change?

Video Case: The Chief Executive Officer Of Gravity Payments

INSTRUCTIONS:

Video Case:    GRAVITY COMPENSATION 

 Purpose:         To assess your understanding of the material presented in the case, its connection to the material discussed in class, and your ability to think critically about the strategic role of Human Resources.

Instructions:   Please watch the video: https://www.youtube.com/watch?v=XiE4WnlqzX4 and answer the questions below. Feel free to do your own independent research for additional information to support your responses.

Content (60 points):

  1. Why did Dan Price make this change?
    1. Think beyond the simple problem he was solving and identify the larger goals was he trying to accomplish.
  2. If you were the VP of Human Resources, what factors would you need to consider prior to making a change this significant in your organization?
    1. Your response should incorporate theories, concepts, strategies that you have learned about in class
  3. As VP of HR, what would you have done differently to accomplish the same overall goal(s)?
    1. Your response should consider the deeper reasons behind the decision to increase employees’ salaries
    2. Your response should incorporate theories, concepts, strategies that you have learned about in class
  4. What other types of organizations could successfully make this type of change and which could not. Explain your rationale for both.

Paper Format (15 points):

  • Not to exceed 4 typed pages
  • Double-spaced
  • Font no larger than 12 pt.
  • Margins no larger than 1 inch
  • No spelling, grammar, or punctuation errors
  • Sentence structure and complexity commensurate with your level of education

 

Grading:        

  • Content = 60 points (15 points for each question)
  • Format = 15 points

 

CONTENT:



Gravity Compensation
Student’s Name
Institutional Affiliation
Gravity Compensation
Dan Price, the Chief Executive Officer of Gravity Payments, increased the minimum wage of his staff mainly to improve their financial status. This action had taken the current stance on the economy into account before making the change. The living standards in Seattle had become expensive. The majority of the staff were unable to afford houses that were close enough to their place of employment, some employees had student loans they could not pay and others found the commute to work expensive. Furthermore, before the appraisal, only a few staff members were able to support their families with the minimum wage salary. Another reason behind his salary hiking was that he intended to bridge the gap that existed between the top 1% families that made approximately $1.6 million annually and the bottom 99% that make just over $ 48,000 per year (PBS Newshour, 2016). Likewise, the Seattle local council agreed that the minimum wages should be increased by approximately $15 per hour of work. Working under this assumption and new regulations, Dan Price opted to gradually raise their salary from the initial minimum wage of $50,000

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