compensation plan outline 7

/in /by

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. (I’ve attached assignment 1)

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.

Grading for this assignment will be based on answer quality, logic / organization of the paper, and language and writing skills, using the following rubric.

Points: 300

Assignment 2: Compensation Plan Outline

Criteria

Unacceptable
Below 60% F

Meets Minimum Expectations
60-69% D

Fair
70-79% C

Proficient
80-89% B

Exemplary
90-100% A

1. Evaluate the existing compensation plan to determine if it is the most appropriate for your company. Explain your rationale.
Weight: 15%

Did not submit or incompletely evaluated the existing compensation plan to determine if it is the most appropriate for your company. Did not submit or incompletely explained your rationale.

Insufficiently evaluated the existing compensation plan to determine if it is the most appropriate for your company. Insufficiently explained your rationale.

Partially evaluated the existing compensation plan to determine if it is the most appropriate for your company. Partially explained your rationale.

Satisfactorily evaluated the existing compensation plan to determine if it is the most appropriate for your company. Satisfactorily explained your rationale.

Thoroughly evaluated the existing compensation plan to determine if it is the most appropriate for your company. Thoroughly explained your rationale.

2. Determine the most beneficial ratio of internally consistent and market consistent compensation systems for the company you selected.
Weight: 15%

Did not submit or incompletely determined the most beneficial ratio of internally consistent and market consistent compensation systems for the company you selected.

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

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

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

Thoroughly determined 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.
Weight: 20%

Did not submit or incompletely evaluated the current pay structure used by your company and did not submit or incompletely assessed the recognition of employee contributions.

Insufficiently evaluated the current pay structure used by your company and insufficiently assessed the recognition of employee contributions.

Partially evaluated the current pay structure used by your company and partially assessed the recognition of employee contributions.

Satisfactorily evaluated the current pay structure used by your company and satisfactorily assessed the recognition of employee contributions.

Thoroughly evaluated the current pay structure used by your company and thoroughly assessed the recognition of employee contributions.

4. Make two (2) recommendations for improving the effectiveness of the discretionary benefits provided by the company you selected.
Weight: 20%

Did not submit or incompletely made two (2) recommendations for improving the effectiveness of the discretionary benefits provided by the company you selected.

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

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

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

Thoroughly made 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.
Weight: 15%

Did not submit or incompletely evaluated the types of employer-sponsored retirement plans and health insurance programs provided by the company you selected. Did not submit or incompletely compared them to that company’s major competitors.

Insufficiently evaluated the types of employer-sponsored retirement plans and health insurance programs provided by the company you selected and insufficiently compared them to that company’s major competitors.

Partially evaluated the types of employer-sponsored retirement plans and health insurance programs provided by the company you selected and partially compared them to that company’s major competitors.

Satisfactorily evaluated the types of employer-sponsored retirement plans and health insurance programs provided by the company you selected and satisfactorily compared them to that company’s major competitors.

Thoroughly evaluated the types of employer-sponsored retirement plans and health insurance programs provided by the company you selected and thoroughly compared them to that company’s major competitors.

6. 3 references
Weight: 5%

No references provided

Does not meet the required number of references; all references poor quality choices.

Does not meet the required number of references; some references poor quality choices.

Meets number of required references; all references high quality choices.

Exceeds number of required references; all references high quality choices.

7. Clarity, writing mechanics, and formatting requirements
Weight: 10%

More than 8 errors present

7-8 errors present

5-6 errors present

3-4 errors present

0-2 errors present

NOTE: Expectations & Important information for this and future assignments

The ideology behind the required assignments is to test yourself, to assess your knowledge, and to serve as a testimonial that you grasped the material. These assignments help you to grow, excel, and succeeded in the future. In order to accomplish this, here are some guidelines to follow:

  1. Read the directions/requirements
  2. Review the rubric. Have the rubric in front of you while your compost the paper.
  3. Check your document for plagiarism- You have access to Safe Assign, a tool to check for similarities (plagiarism). A similarity report is populated shortly after your submit the assignment. I strongly suggest you review/redo the assignment, if the report shows a similarity greater than 20%. This tool is for your benefit, please use it to ensure your submission confirms to Strayer University’s requirements. Most of all this tool will help you avoid violating the Academic Integrity Policy.
  4. Read/Review the late submission policy. This link is located under the Student Center Tab, under the Student Course Guide section

Familiarize yourself with the following: APA, Paraphrasing, Citing (in-text), Quoting, and Plagiarism

Under the Student Center Tab, at the bottom, under Additional sources there are many helpful links that will help you excel in composing, citing, writing and avoiding plagiarism. I am also providing these links for your convenience.

  1. APA: Make sure your paper confirms to Strayer Universities’ APA requirements. Setting up document for APA:
    1. APA Format Citations-Sixth (6th) Edition: https://www.youtube.com/watch?v=9pbUoNa5tyY
    2. APA Referencing: The Basics: https://www.youtube.com/watch?v=SOEmM5gmTJM
    3. APA Reference Page: https://www.youtube.com/watch?v=XNGHw6Gwt7Q
    4. APA Format: In-text Citations, Quotations, and Plagiarism: https://www.youtube.com/watch?v=1FrJeRrLYe0
  2. Paraphrasing: Every day when we talk, write, send emails, text, etc., we paraphrase. Yet this word seem to scare everyone.
    1. What is Paraphrasing: https://www.youtube.com/watch?v=Fa00-COrw8Q
    2. Paraphrasing-The Basic Steps: https://www.youtube.com/watch?v=9pbUoNa5tyY
  3. Plagiarism: Cheating, Stealing, Scamming, Vandalism, etc., are just some of the many word use to describe/define Plagiarism.
    1. The punishable perils of Plagiarism (Melissa Huseman D’Annunzio): https://www.youtube.com/watch?v=SrjoaaIxaJI
    2. Plagiarism-A Film by Murdoch University Dubai: https://www.youtube.com/watch?v=7lmp3-0UIFM

What is Plagiarism? :http://www.plagiarism.org/plagiarism-101/what-is-plagiarism

  1. Quotation, Paraphrase and Summary: What is it? These are the fundamentals ways to improve one’s writing skills.
    1. Quote, Paraphrase, Summary: https://www.youtube.com/watch?v=Ral3ldBxQxA
    2. Paraphrasing, Summarizing and Quoting: https://www.youtube.com/watch?v=imG7qlslxXY

Note: The information above will help you to provide quality work. Be advised: I will be checking your submission through Safe Assign, and turnitin (plagiarism checker), if need be. If the similarity index is greater than 20%, and further evaluation indicates that the document is plagiarized, a grade of “zero” will be recorded in the grade book. Furthermore, Student Affairs will be notified of violation of the Academic Integrity policy. If the assignment is deemed to have been Plagiarized, under no circumstances will you have a chance to RE-DO. NO EXCEPTIONS!

 
Do you need a similar assignment done for you from scratch? We have qualified writers to help you. We assure you an A+ quality paper that is free from plagiarism. Order now for an Amazing Discount!
Use Discount Code "Newclient" for a 15% Discount!

NB: We do not resell papers. Upon ordering, we do an original paper exclusively for you.