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Compensation System

Compensation System (graded)

Discuss the general goals of an organization’s compensation system, including how a compensation strategy works to support the organization’s business strategy.

 

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Week 2 discuss

 

Incentive Plans (graded)

Discuss how incentive pay plans, both individual and group, motivate employees to achieve high levels of performance. Offer one individual and group incentive pay strategy that would work best in your organization.

Week 3 discn

Job Evaluation (graded)

Provide a brief overview of the job evaluation process, including the importance of compensable factors. Detail the compensable factors of a position you are familiar with and their impact on that position’s salary.

This section lists options that can be used to view responses.

Week 4 discn

 

Legally Required Benefits (graded)

Provide a general overview of legally required benefits, including their purpose in society.

Week 5 discn

Retirement Programs (graded)

In the United States, we have seen a trend towards defined compensation programs from defined benefit programs. Many employers have moved in this direction to help them be more competitive. What are some reasons that these benefit programs are offered? How are they designed? What are some trends that you see with the design of the programs

week 7 discussion

 

Compensating Expatriates (graded)

Companies have a variety of factors to consider when looking at compensating expatriates. What goes into this discussion? What are some common methods of payment, and how are they used?

week 3 assignment

Assignment

Your assignment is to write a short paper (500–750 words) defining compensation, compensation philosophy, and critical components of a compensation strategy. Provide one solid example of an effective compensation practice/policy. Your paper will be graded on the following:

  • definition of compensation;
  • overview of compensation philosophy;
  • critical components of a compensation strategy; and
  • example of an effective compensation practice/policy.

Your paper must be prepared utilizing the APA format and should include external, academic-quality references. See the Syllabus section “Due Dates for Assignments & Exams” for due date information.

Submit your assignment to the Dropbox located on the silver tab at the top of this page.

week course project2

The course project relates to the compensation and benefit strategy of an organization. Students will select an organization that is experiencing challenges with its compensation and/or benefit program. Some examples where challenges exist within the organization’s compensation and benefit plan could include a high rate of employee turnover, an inability to recruit talented employees due to lack of proper compensation, an inability to fund an adequate benefit program, an incentive program where few employees reach their objectives, an inadequately funded retirement system, or a retirement plan that does not offer proper investment choices. Your paper will be graded according to how well you meet the tasks below.

  1. Follow proper APA style/citations, grammar and punctuation, and so on. An APA tutorial is located on the HUB for assistance.
  2. Identify an organization with compensation or benefits challenges. It could be an organization with which you are familiar personally or through the media.
  3. Provide a detailed review of the compensation and/or benefit challenge (problem) at the organization. It is recommended that you concentrate on the principle compensation and/or benefit challenge(s) within a single organization, rather than a number of less important issues. Be careful to avoid selecting a topic that is too broad. At the same time, the challenge facing the organization should be broad enough to provide multiple strategies to help resolve the problem.
  4. Discuss the compensation and/or benefits strategies other organizations have utilized related to your challenge, along with a review of their success and failure. As an example, if you are interested in an employee assistance program and why usage is less than expected, detail the strategies other organizations have followed to improve participation and see a return on their investment. Information regarding other organizations should be gathered through a research process and consist with academic-quality materials rather than word-of-mouth information.
  5. Recommend the strategy you propose the organization should follow to address its compensation and/or benefit challenge. Explain why you have selected this strategy. Include research (theory) to substantiate your selection.
  6. Discuss impediments to this strategy, including any contingency plans that should be considered.
  7. Finally, detail how the strategy you propose would address the organization’s challenge (as detailed in step 2 above) and its impact on both the organization and the employee. Include specific items that should be included in the action plan.

Deliverables


Due Week 2:Write a one-page (250–300 words) overview about the company and detail the compensation and/or benefit issue(s) you selected for your Course Project. This refers to items 2 and 3 items listed under Course Project Overview above. This short paper is worth 50 points
.

midterm

 
 
TCO 1) What represents employees’ critical psychological states that result from performing their job?

Fringe compensation

Core compensation

Intrinsic compensation

Extrinsic compensation

Question 2. Question : (TCO 1) What is a cooperative effort between employees and their employers to promote rewarding work experiences throughout employees’ work lives called?

Employment termination

Career development

Labor-management relations

Training

Question 3. Question : (TCO 1) Which of the following does not lead to experienced meaningfulness of work?

: Skill variety

Task significance

Differentiation

Task identity

Question 4. Question : (TCO 1) Which of the following are the three broad categories of discretionary benefits?

Welfare practices, services, paid time off

Protection programs, paid time off, services

Paid time off, welfare practices, and protection programs

Services, protection programs, welfare practices

Question 5. Question : (TCO 5) When designing pay-for-knowledge programs, which of the following would be considered part of the transition matters phase?

Grouping skills

Aligning pay with the knowledge structure

Training

Skill types

Question 6. Question : (TCO 5) Which one of these issues is not addressed by the Fair Labor Standards Act of 1938?

Overtime pay

Child labor provisions

Executive compensation

Minimum wage

Question 7. Question : (TCO 7) Who determines the particular objectives in a management by objectives (MBO) appraisal system?

Both the employees and supervisors

The supervisors

The board of directors

The employees

Question 8. Question : (TCO 7) This is another name for parallel teams.

Work teams

Innovation teams

Process teams

Task forces

Question 9. Question : (TCO 7) According to the job characteristics theory, this core characteristic refers to the amount of freedom, independence, and discretion the employee enjoys in determining how to do the job.

: Feedback

Autonomy

Task identity

Skill variety

Question 10. Question : (TCO 5) Age discrimination of employees of federal contractors is prohibited by which executive order?

11414

11411

11141

11114

: 5 of 5

Comments:

Question 11. Question : (TCO 5) The term trainee is defined by which act?

FMLA

FLSA

Equal Pay Act

ADEA

Question 12. Question : (TCO 5) Compensation differentials between men and women performing substantially similar work fall under the purview of which piece of legislation?

Equal Pay Act of 1963

Age Discrimination in Employment Act of 1967

Americans with Disabilities Act of 1990

Civil Rights Act of 1964

Question 13. Question : (TCO 4) This term refers to a difference between the output of a human judgment process and that of an objective, accurate assessment uncolored by bias, prejudice, or other subjective and extraneous influences.

Content validity

Rating error

The performance appraisal process

A first-impression effect

Question 14. Question : (TCO 4) This occurs when a rater generalizes good performance behavior in one aspect of the job to all aspects of the job.

Similar-to-me effect

First-impression effect

Positive halo effect

Negative halo effect

Question 15. Question : (TCO 4) Management by objectives is one method of which type of performance appraisal?

360-degree performance appraisal

Goal-focused system

Goal-oriented system

Behaviorally anchored system

TCO 4) This type of behavioral performance appraisal system requires the employee and the supervisor to identify past performance behaviors and outcomes as either successful or unsuccessful.

Management by objective

Behavioral observation scales

Behaviorally anchored rating scales

Critical incident technique

Question 2. Question : (TCO 4) This model is geared to promoting staffing flexibility in a company, by training employees in one department with some of the critical skills that are needed to perform effectively in another department.

Skill blocks

Stair step

Job-point accrual

Cross departmental

Question 3. Question : (TCO 4) These are four pay-for-knowledge programs.

Cross-departmental training systems, skill blocks model, job-point accrual model, breadth-of-skills model

Stair-step model, skill blocks model, job-point accrual model, cross-departmental training systems

Job-point accrual model, cross-sectional training system, stair-step model, skill blocks model

Cross-skills training system, stair-step model, job-point accrual model, skill blocks model

Question 4. Question : (TCO 4) When a filing clerk is trained to maintain employee attendance records, it is an example of acquiring which type of skills?

Horizontal

Vertical

Depth of

Breadth of

Question 5. Question : (TCO 4) Employees would need to learn these types of skills in order to develop self-managed work teams.

Horizontal

Vertical

Depth of

Breadth of

Question 6. Question : (TCO 8) Which type of individual incentive plan rewards employees based on their individual hourly production against an output standard?

Management incentive plans

Behavior encouragement plans

Referral plans

Piecework plans

Question 7. Question : (TCO 8) This method reinforces cooperation among team members except when team members perceive differences in other members’ performances.

Differential incentive payments approach

Differential payments by ratio of base pay

Equal incentives payment approach

Small group incentive plans

Question 8. Question : (TCO 8) Company profits, cost containment measures, market share, and sales revenue were listed as typical performance measures for which type of incentive plan?

Individual

Group

Companywide

Executive

Question 9. Question : (TCO 2) Which of the following are typically included in a job description?

Job specification, job title, job summary

Job summary, job salary, job specification

Job title, job salary, job summary

Job salary, job title, job specification

Question 10. Question : (TCO 2) Which job evaluation plan is most widely used by companies?

Classification

Ranking

Point method

Factor comparison

Question 11. Question : (TCO 3) This BLS survey provides the quarterly measure of changes in labor and compensation costs, and is used as the principle economic indicator for the Federal Reserve.

National Compensation Survey

Employment Cost Index

Employer Costs for Employee Compensation

National Benefit Index

Question 12. Question : (TCO 3) Alice’s job has a compa-ratio of 0.85. What does this ratio tell about Alice’s pay rate?

There is no way to judge the competitiveness of her pay.

Her pay is not competitive with the market.

You need more information to be able to judge her pay.

Her pay is highly competitive with the market.

Question 13. Question : (TCO 6) Which pay structure reflects the increasing organizational trend toward flatter, less hierarchical corporate structures?

Two-tier pay structure

Broadbanding

Market-competitive pay structure

Internally consistent pay structure

Question 14. Question : (TCO 6) These represent the horizontal dimension of pay structures.

Pay ranges

Pay grades

Job evaluation points

Pay spreads

Question 15. Question : (TCO 8) Profit-sharing plans and employee stock option plans are incentives on what level?

Companywide

Executive

Individual

Group

week 7 course project
The course project relates to the compensation and benefit strategy of an organization. Students will select an organization that is experiencing challenges with its compensation and/or benefit program. Some examples where challenges exist within the organization’s compensation and benefit plan could include a high rate of employee turnover, an inability to recruit talented employees due to lack of proper compensation, an inability to fund an adequate benefit program, an incentive program where few employees reach their objectives, an inadequately funded retirement system, or a retirement plan that does not offer proper investment choices. Your paper will be graded according to how well you meet the tasks below.

  1. Follow proper APA style/citations, grammar and punctuation, and so on. An APA tutorial is located on the HUB for assistance.
  2. Identify an organization with compensation or benefits challenges. It could be an organization with which you are familiar personally or through the media.
  3. Provide a detailed review of the compensation and/or benefit challenge (problem) at the organization. It is recommended that you concentrate on the principle compensation and/or benefit challenge(s) within a single organization, rather than a number of less important issues. Be careful to avoid selecting a topic that is too broad. At the same time, the challenge facing the organization should be broad enough to provide multiple strategies to help resolve the problem.
  4. Discuss the compensation and/or benefits strategies other organizations have utilized related to your challenge, along with a review of their success and failure. As an example, if you are interested in an employee assistance program and why usage is less than expected, detail the strategies other organizations have followed to improve participation and see a return on their investment. Information regarding other organizations should be gathered through a research process and consist with academic-quality materials rather than word-of-mouth information.
  5. Recommend the strategy you propose the organization should follow to address its compensation and/or benefit challenge. Explain why you have selected this strategy. Include research (theory) to substantiate your selection.
  6. Discuss impediments to this strategy, including any contingency plans that should be considered.
  7. Finally, detail how the strategy you propose would address the organization’s challenge (as detailed in step 2 above) and its impact on both the organization and the employee. Include specific items that should be included in the action plan.

Deliverables

Due Week 7:The Course Project is due. The project should be 1,200–1,800 words, excluding title and reference page. It should include items 1–7 as listed under Course Project Overview above. The Course Project is worth 200 points.

Grading Rubrics

Week 7 Course Project

Category Points % Description
Documentation and Formatting 20 10% A quality paper will include a title page, abstract, proper citations, and a reference page.
Organization and Cohesiveness 100 50% A quality paper will include an introduction of the company and industry. The content will be properly subdivided into sections derived from the items 2–7 above. In a quality paper, the conclusion will summarize the reasoning you employed in your analysis and any outstanding conclusions you can reach about the companies analyzed.
Editing 30 15% A quality paper will be free from any spelling, punctuation, or grammatical errors. Sentences and paragraphs will be clear, concise, and factually correct.
Content 50 25% A quality paper will have significant scope and depth of research to support any statements. Relevant illustration or examples are encouraged. A quality paper will employ sound use of reasoning and logic to reinforce conclusions. The paper meets the required 1,200–1,800 words for content.
Total 200 100% A quality paper will meet or exceed all of the above requirements

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