User Account

All Pages

Evaluate the existing compensation plan

Assignment Help HR Management
Reference no: EM132172869 , Length: 2400 Words

Assignment 2: Compensation Plan Outline

Using the same company you researched in Assignment 1, evaluate the company's compensation plan to determine how it could be improved.

Write a six to eight (6-8) page paper in which you:

1. Evaluate the existing compensation plan to determine if it is the most appropriate for your company. Explain your rationale.

2. Determine the most beneficial ratio of internally consistent and market consistent compensation systems for the company you selected.

3. Evaluate the current pay structure used by your company and assess the recognition of employee contributions.

4. Make two (2) recommendations for improving the effectiveness of the discretionary benefits provided by the company you selected.

5. Evaluate the types of employer-sponsored retirement plans and health insurance programs provided by the company you selected and compare them to that company's major competitors.

6. Use at least three (3) quality references. Note: Wikipedia and other websites do not qualify as academic resources.

Your assignment must follow these formatting requirements:

• Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; references must follow APA or school-specific format. Check with your professor for any additional instructions.

• Include a cover page containing the title of the assignment, the student's name, the professor's name, the course title, and the date. The cover page and the reference page are not included in the required page length.

The specific course learning outcomes associated with this assignment are:

• Evaluate the effectiveness of traditional bases for pay (seniority and merit) against incentive-based and person-focused compensation approaches.

• Compare and contrast internally consistent and market-competitive compensation systems.

• Evaluate the role of benefits in strategic compensation.

• Use technology and information resources to research issues in compensation management.

• Write clearly and concisely about compensation management using proper writing mechanics.

Reference no: EM132172869

Questions Cloud

What was the nature of the issue in the suit : Research four (4) actual legal cases dealing with the issue you selected. Once you identify four cases, report on: 1) Who were the parties to the lawsuit?
Compute the gain or loss on the sale : Twilight Hospital purchased a $104,400 special radiology scanner from Bella Inc. Compute the gain or loss on the sale
Prepare a cover letter and resume for a potential position : Describe how you have applied theory and/or knowledge from your course work into practice during your practicum experience (provide specific examples).
Include brief summary of the all major competitors : Fast food and Beverage industry, Include a brief summary of the all major competitors, suggesting their strengths and weaknesses.?
Evaluate the existing compensation plan : Evaluate the existing compensation plan to determine if it is the most appropriate for your company. Explain your rationale.
Prepare the cash flows from operating activities : The net income reported on the income statement of Hunter Inc. for the current year was $150,000. How prepare the cash flows from operating activities
Identify the tangible and intangible resources of this firm : Define the terms and identify the tangible and intangible resources of this firm that support the capabilities of the company.
Explain how management control is used in conjunction : Explain how management control is used in conjunction with the financial plan.
Benefits of nationwide readmissions database : What are the benefits of nationwide readmissions database (NRD)? Does your healthcare organization use it and if so, why?

Reviews

Write a Review

HR Management Questions & Answers

  Differences between icd-10-cm and icd-9-cm coding

Prepare a PowerPoint (PPT) presentation that follows the criteria below. Ensure it adheres to the appropriate guidelines for a PPT as provided in the CSU Global Library. Remember to limit the amount of information on each slide to the key points, ..

  Discuss about the case given below

Identify a problem-solving model that could be used in the situation and leadership qualities that may be involved. Describe a process that the leader may need to use to promote change within this organization after a situation like this has occurr..

  Human resources for health care organizations

Normal 0 false false false EN-US X-NONE X-NONE Human Resources for Health..

  What measures might halcrow take to increase its retention

What measures might Halcrow take to increase its retention of young professional graduates

  Departmental leadership aligning goalshow should leaders

departmental leadership aligning goalshow should leaders address the growing need for leadership in departmental

  Analyze basic aspects related with recruitment and selection

Students are required to analyze the crucial aspects associated with recruitment and selection which could be adopted as a best practice by other organizations.

  Will donald trump promote good relations by raising tariffs

Donald Trump will make an impactful change in the political and economic development of the United States of America after he has become the president (Tow, 2017).Will Donald Trump promote good relations by raising tariffs to 45% for all the Chines..

  How do laws and regulations impact the workplace

How do Laws, Regulations and Issues of the Internet and Social Media Environment Impact the Workplace?

  Equal opportunity affirmative action and managing

equal opportunity affirmative action and managing diversitywhat is the difference between equal opportunity affirmative

  Flexible benefit plans are common today

Discuss the ways in which a global employer can ensure their employees make good choices about the benefits they choose within the benefits information system.

  Hr professional should be aware of in the field of eeo

Do some research in addition to the reading in your text and share your thoughts on what future trends you think an HR professional should be aware of in the field of EEO.

  What are the benefits of empowering employees

What is empowerment? How would you define empowerment.Are there disadvantages to empowering employees?What are the benefits of empowering employees?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd