Effective Compensation Plans
In this assignment, you will use your textbook
and the independent research you conduct to determine the components of an
effective compensation plan, one that includes more than just a base salary.
Specifically, you will write a 4–6 page paper in which you:
Research the components
of an effective compensation plan.
Determine the most
beneficial ratio of internally consistent and market consistent
compensation systems.
Be sure your narrative
is in your own words.
Research the methods
companies use to assess employee satisfaction with their pay structure.
Outline how companies
determine whether their employer-sponsored retirement plans and health
insurance programs are competitive.
Recommend two high-value
discretionary benefits to employees.
Be sure to include your
rationale for selecting these high-value discretionary benefits as
opposed to others.
Integrate at least three
quality resources using in-text citations and a reference page in your
assignment.
Note: Wikipedia and
similar Websites do not qualify as quality resources.
The previous week’s
assignment preparation activity provides some suggested resources to help
you begin your research. It also provides resources on avoiding
plagiarism, appropriately integrating sources into your assignment, and
using the Strayer Writing Standards.
Format your assignment
according to the following formatting requirements:
This course requires
the use of (SWS).
The preferred method is
for your paper to be typed, double-spaced, using Times New Roman font
(size 12), with one-inch margins on all sides.
Include a cover page
containing the assignment title, your name, your professor’s name,
the course title, and the date. The cover page is not included in the
required page length.
Include a source list
page. Citations and references must follow SWS format. The source list
page is not included in the required page length.
The specific course learning outcome
associated with this assignment is:
Determine the components
of an effective compensation plan, including discretionary benefits.
Important: Uploaded Files covering chapters for assignment
This assignment is a research-based paper. You will need to
conduct independent research on what constitutes effective compensation plans,
ones that attract, retain, and motivate employees. Here is some helpful
information to help you get started on your research:
Google Scholar or
government websites, such as the U.S. Small Business Administration.
Wikipedia and personal
blogs do not qualify as quality resources.
You may find these resources helpful for your
research:
PayScale.
Salary.com.
Be sure to check out
the Data and Learn tabs.
U.S. Small Business Administration.
Click on Manage Your
Business.
Click on Hire and
Manage Employees.
Important: Uploaded Files covering chapters for the assignment below
Important: Uploaded Files covering chapters for the assignment below
Important: Uploaded Files covering chapters for the assignment below