Your organization has two business units: one is a mature or established unit which manufactures products which are competitive on price. The product and manufacturing processes have few technological changes.
The other business unit is a brand new start-up which uses high levels of technology in its products which are heavily regulated by the federal government. You are the senior HR professional of the organization and you are making recommendations to other members of the senior team on pay, benefits and forms of recognition.
Which pay structure would you use for each business unit? Explain the decision process(es) used.
What benefits would you recommend to the leadership of the organization for use in each business unit?
What forms of recognition would you recommend for each unit?
What additional considerations should be made for each business unit (for example, recruitment and retention considerations, generational differences between workforces?)