Name Your Price: Compensation Negotiation at Whole Health
Name Your Price: Compensation Negotiation at Whole Health
This case study is about a student Monroe davies who is in his second year at Harvard Business school and Jim Hummer who is the CEO of a company named Whole Health Management. Jim has met Monroe before and knows that Monore is interested in entering the whole health management.
Jim has asked Monroe to design a compensation package for himself as Director Business Operations because Jim wanted to assess how Monroe reacts when faced by unexpected challenges. Jim has sent a template of the compensation Package and asked him to analyze and work on following areas of the package. * Salary * Performance Bonus * Stock Options * Relocation allowance * Benefits.
In this case we are required to design the ideal compensation that is acceptable for both Monoroe Davies and the CEO Jim Hummer. Jim has provided Monore with a template of the compensation package and asked to fill amounts which he thinks are acceptable in following areas of the package. * Compensation * Stock options * Bonus * Relocation Allowance * Continuing Education stipend
We will discuss regarding how we allocated the cash in the areas mentioned above. Monroe DaviesCompensation Package | Director Business Operations | Compensation | 125000$ per year, paid semi monthly | Status | Full time | Stock options | Options to purchase 10000 stocks at $2.70 per share | Bonus | 62500$ | Relocation Allowance | 3600$ to relocate to Cleveland from HBS | Fringe Benefits | Paid Time off: | Vacation | 120 hrs/yr | Holidays | 80 hrs/yr | Sick Leave | 48 hrs/yr | Personal Time | 16 hrs/yr | Insurance: | | Health Insurance | Based on premiums | Dental Insurance | Based on premiums | Vision | Based on premiums | Life Insurance | Paid term Life ($50000) | Long-Term Disability Insurance | Paid (60% of base pay) | Social secuirty | Paid | Worker’s Compensation | Paid | State
This case study is about a student Monroe davies who is in his second year at Harvard Business school and Jim Hummer who is the CEO of a company named Whole Health Management. Jim has met Monroe before and knows that Monore is interested in entering the whole health management.
Jim has asked Monroe to design a compensation package for himself as Director Business Operations because Jim wanted to assess how Monroe reacts when faced by unexpected challenges. Jim has sent a template of the compensation Package and asked him to analyze and work on following areas of the package. * Salary * Performance Bonus * Stock Options * Relocation allowance * Benefits.
In this case we are required to design the ideal compensation that is acceptable for both Monoroe Davies and the CEO Jim Hummer. Jim has provided Monore with a template of the compensation package and asked to fill amounts which he thinks are acceptable in following areas of the package. * Compensation * Stock options * Bonus * Relocation Allowance * Continuing Education stipend
We will discuss regarding how we allocated the cash in the areas mentioned above. Monroe DaviesCompensation Package | Director Business Operations | Compensation | 125000$ per year, paid semi monthly | Status | Full time | Stock options | Options to purchase 10000 stocks at $2.70 per share | Bonus | 62500$ | Relocation Allowance | 3600$ to relocate to Cleveland from HBS | Fringe Benefits | Paid Time off: | Vacation | 120 hrs/yr | Holidays | 80 hrs/yr | Sick Leave | 48 hrs/yr | Personal Time | 16 hrs/yr | Insurance: | | Health Insurance | Based on premiums | Dental Insurance | Based on premiums | Vision | Based on premiums | Life Insurance | Paid term Life ($50000) | Long-Term Disability Insurance | Paid (60% of base pay) | Social secuirty | Paid | Worker’s Compensation | Paid | State