Friday, August 24, 2018

Climb the legal ladder - Compensation management case analysis


1. Think about the research evidence discussed in the book. Would you expect the Sullivan & Cromwell associates to feel their pay structure is fair? What comparisons would they likely make? What work behaviors would you expect Sullivan & Cromwell’s pay structure to motivate? Explain.

I think Sullivan & Cromwell associates will feel their pay structure is fair because firstly, they are well-informed on the job structure and their job evaluation process which underline the pay structure. The pay structure Sullivan & Cromwell’s initially offered for any law school graduate person looks very attractive and sufficient. Though it's not clear how the company evaluate the employee, it seems they are paying as per the knowledge of the employee. Definitely the firm's pay structure seems to be fair as per market comparison while its competitors are reducing pay and cutting jobs, Sullivan and Cromwell are paying handsome to attract new graduates. The firm's pay structure is high.
While the competitors are reducing the pay and cutting jobs, the firm may attract freshers for the job. The current practice of Sullivan & Cromwell is giving high amount of bonus to its employees. If the form reduces its bonuses, the market evaluation of the firm may be assumed to be down falling or the reputation of the firm may go down.

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