HRM 324 Complete Class-Total Compensation
Product Description HRM 324 Complete Class-Total Compensation Week 1: Individual Assignment Legal Issues in Compensation Assume the role of a human resources (HR) consultant. Unsure of legal obligations in designing a total compensation plan, a client has asked you to explain how certain laws and regulations affect total compensation in their organization. The client’s organization employs 200 people, is a federal contractor, and operates in the biotech industry.Write a 350- to 700-word paper discussing at least 3 laws/regulations influencing total compensation.Format your paper according to APA standards DQ 1:Describe your reaction to the following statement: Compensation has no bearing on a company’s performance. DQ 2:What roles do national and organizational culture play in compensation? Week 2:Individual Assignment Internal and External Equity ComparisonWrite a 700-1,050 word paper in which you explore the concepts of internal and external equity in compensation. Define what it means to have internally equitable and externally equitable compensation system; how does an organization achieve an internally and externally equitable compensation system? Describe what could happen if an organization’s compensation system lacks internal and external equity. Format and cite your paper according to APA standards. Learning Team Assignment Wage ManagementAs a team write a 700-1,050 word paper in which you explore how a small start up organization’s compensation program would differ from that of a Fortune 500 organization. Comment on how the these two organizations would likely establish salaries for their employees, if and how they would give raises, if and how they would account for competitor’s pay, etc… Format and cite your paper according to APA standards. DQ 1:What is job analysis? Oftentimes job analysis is associated with staffing, but how does it relate to compensation?DQ 2:How does an employer go about determining if their pay is market competitive? Week 3:Learning Team Assignment Incentive PayStep 1As a team, write an introduction discussing the nature of incentive plans and their benefit to employers and employees. The introduction should be a minimum of 200 words.Step 2Individually (each team member), discuss the individual, team/group and/or organizational wide incentives that are offered in your current organization or one that you’re familiar with. In a minimum 200-word synopsis, discuss how the incentive plans are administered and comment on whether believe the incentive plans are effective in motivating employees to go above and beyond to meet organizational goals. Each student’s synopsis should be labeled with their name.Step 3As a team, write at least 200 words that indentify common themes among the incentive plans within your chosen organizations as well as suggestions as to how incentive plans can be structured and administered to ensure maximum employee motivation.Format and cite your paper according to APA standards. Individual Assignment Mandatory (Legally Required) BenefitsChoose one of the mandatory benefits as described in our readings and prepare a minimum 350-word synopsis of the benefit. Use at least one other source in preparing your paper. Format and cite your paper according to APA standards.DQ 1:Does your employer have a pay for performance philosophy? If so, how is this philosophy executed? If your organization does not have a pay for performance philosophy, what are changes to pay based on? DQ 2:Discuss your views about whether discretionary employee benefits should be an entitlement or something earned based on job performance. Week 4:Learning Team Assignment Retirement PlansAs a team write a 700-1,050 word paper in which you compare and constrast defined benefit and defined contribution retirement plans. Format and cite your paper according to APA standards. DQ 1:What is the difference between a defined contribution retirement plan and a defined benefit retirement plan? DQ 2:The communication of employee benefits is key. What should be the objectives of a benefits communication program? What types of communication tools does your organization use to communicate benefits? Week 5:Individual Assignment International Compensation You are a HR Manager that’s been tasked with developing a compensation and benefits package for an expatriate. Prepare a 350-word paper discussing the considerations that need to be made when compensating an employee working abroad. Use this week’s readings and Internet research to aid you in indentifying these considerations. Format and cite your paper according to APA standards.
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