BUS409 Compensation management week 8 Assignment 2: Compensation Plan Outline
Write a six to eight (6-8) page paper in which you:
- Evaluate the existing compensation plan to determine if it is the most
appropriate for your company. Explain your rationale. - Determine the most beneficial ratio of internally consistent and market
consistent compensations systems for the company you selected.
- Evaluate the current pay structure used by your company and assess the
recognition of employee contributions.
- Make two (2) recommendations for improving the effectiveness of the
discretionary benefits provided by the company you selected.
- 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.
- 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.
