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Strategic Fompensation for a New Business 

Assignment: Create a Start-up Paper-based HR System for a New Small Business
For this assignment, you will describe, with examples, how you would create a start-up, paper-based human resource system for a new small business. It is an opportunity to identify and organize the necessary resources. Your essay should be approximately three pages long. Please submit it to your instructor for grading.
Deliverables
2-page response
Activity Details
Perform the following steps:
Step 1: Write a response.
Write a 2-page response to the prompts.
Step 2: Save and submit your assignment.
When you have completed the assignment, save a copy for yourself in an easily accessible location and submit a copy to your instructor below using the Submit Paper link.
Imagine that you are the Human Resources HR manager at a small start-up company, and your company has just been awarded a new contract that is requiring a huge increase in the organization’s workforce. As a result, you have been asked to outline the process that you will use to develop an internally consistent compensation system and present it to the owners of the company for approval.
Address the following issues:
the reasons why an internally consistent compensation system is necessary and
the process involved in creating an internally consistent compensation system.
The essay must include enough information to convince the owners that the time, effort, and manpower that this process will take will be worth it to the company in the long run.
Textbook:
Martocchio, J. J. (2017). Strategic compensation: A human resource management approach (9th ed.). Hoboken, NJ: Pearson.
Step 1: Develop an idea for an imaginary company.
Imagine the following scenario: you are starting a food truck business from scratch. You will need to purchase a truck, equipment, and supplies for your business. For now, you are your business’s only employee.
Step 2: Write a summary.
Using the above scenario, write a 1-page summary that explains and gives examples of how you will develop a cash flow statement for your business.
In your summary, be sure to address the following questions:
What are some key elements to identify in reviewing a cash flow statement?
How often would you have to prepare a cash flow statement?
Who would want to see it and why?
Step 3: Save and submit your assignment.
When you have completed the assignment, save a copy for yourself in an easily accessible location and submit a copy to your instructor below using the Submit Paper link.

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