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<strong>BUS 434 Week 1 DQs</strong>Week 1 DQ 1 Employee Satisfaction"Employee satisfaction relates directly to income obtained from work performed and the lifestyle opportunities made available to the workers and their families from this work-related income." Elaborate on the link between work-related income and employee satisfaction in today's workplace. Respond to at least two of your classmates' postings.stWeek 1 DQ 2 Global Wage RatesWage rates in the United States are higher than similarly skilled workers in other countries such as China, Mexico and India. Consequently, many U.S. businesses have outsourced their manufacturing and production needs to take advantage of these lower wage rates. Discuss how, working collaboratively, the federal government and U.S. businesses can modify employee compensation packages to become more globally competitive. Respond to at least two of your classmates' postings.<strong>BUS 434 Week 1 Quiz</strong>1. Question : All but which one of the following conditions will influence jobs and job-related opportunities in the future?rapid economic growthvigorous competitionfewer advancement opportunitiesrestricted wage and salary increases2. Question : Which of the following is a noncompensation benefit rather than a compensation benefit?paid holidaysunemployment insuranceoffice Christmas partymedical insurance3. Question : An organization designs and implements a reward system toprovide a medium of exchange of the income of an organization to its employees for their monetary and in-kind claims on goods and servicespromote the comradeship of workplace associatesfocus worker attention on the specific behaviors the organization considers necessary to achieve its desired objectives and goalsrequire employees to perform assignments for which they are best suited4. Question : Claims on goods and services made available and paid for either totally or in some percentage by the employer aremonetary rewardsin-kind rewardsnoncompensation rewardsnonfinancial rewards5. Question : A company car, a company credit card, and subsidized food services are all examples of which one of the following forms of payment?deferred incomefamily incomeincome equivalentincentive income6. Question : The financial strength to own your own home normally begins with entry into theworking poorlower-middle classmiddle-middle classupper-middle class7. Question : All but which one of the following assumptions are included within the model of perfect competition?employers seek to maximize profitsworkers have perfect information about wages and job opportunitiesavailable workers differ with respect to both skill and performanceall jobs in the labor market are open to competition8. Question : Approximately what percentage of workers are unionized?81012149. Question : Which one of the following is not considered as part of a compensation program?Benefits and servicesShort- and long-term incentivesJob-related trainingWage and salary add-ons10. Question : Which one of the following states has the highest level of personal income?TennesseeMontanaConnecticutNew York<strong>BUS 434 Week 2 DQs</strong>Week 2 DQ 1 Compensation SystemA basic premise of a market-based economy is that each individual has the opportunity – through education, experience, hard, work, etc. – to improve his or her job earning potential. As a result, some employees may enjoy greater earnings than their colleagues. Assess how an organization can create a fair, market-competitive compensation system that provides greater rewards for those who earn it, yet is viewed as fair and equitable by the organization. Respond to at least two of your classmates' postings.Week 2 DQ 2 Job DescriptionsThe job description is often referred to as the building block of human resources. Nearly every employment action – recruitment, compensation, discipline, etc. – is predicated on an effective job description.
Today, there is considerable debate whether job descriptions should be broader and more generic, versus narrow and more specific. Distinguish between the advantages and disadvantages of each approach, and which you see as the more preferable approach. Respond to at least two of your classmates' postings.<strong>BUS 434 Week 2 Quiz</strong>1. Question : An organization's _____________ describes in broad or general value-laden terms what the organization wishes to accomplish in the long term—the kind of product it intends to provide and how it intends to provide it.missionstrategic plansobjectives and goalspolicy2. Question : Which one of the following jobs is not exempt from the minimum wage and overtime requirements outlined by the FLSA?independent contractorssecretariescasual baby-sittersvolunteer workers receiving no pay3. Question : The 1935 National Labor Relations Actestablished minimum wage requirementsestablished the AFL-CIOestablished unemployment compensationprovides employees with the right to bargain collectively for wages, benefits, andworking conditions4. Question : The most common type of sales compensation plan issalary onlysalary and commissioncommission onlybonus plan5. Question : In which one of the following job analysis methods would it be the easiest for employees with poor writing skills to provide job content data?diary/logchecklistopen-ended questionnaireinterview6. Question : The Age Discrimination in Employment Act of 1967, as amended, prohibits discrimination on account of age against employees in what complete age range?40 - no top40-7050-6550-707. Question : Job specification questionnaires provide information onmarket value of jobknowledge and skills required of incumbenttasks to be performedpersonnel department's recommendations regarding job duties8. Question : Combining groups of jobs for a particular organization into a specific class is accomplished based upon all of the following exceptthe jobs receive the same range of paythe jobs can be referred to by the same class title even though they have different job titlesthe jobs have similar responsibilities and dutiesthe jobs have the same performance standards9. Question : ERISA is associated with which of the following deferred income plans?Social Securityseverance paymentspension plansunemployment insurance10. Question : Establishing whether an employee is exempt from minimum wage and overtime requirements of the FLSA depends onresponsibilities, duties, and salarysalary and authorityseniority and performanceresponsibilities, duties, and level of performance<strong>BUS 434 Week 3 Employee Relations Manager Paper</strong>The most effective compensation strategy is one that develops a clear link between the following components:Job Description (i.e., work that an employee is expected to perform).Performance Evaluation (i.e., work that the employee has performed).External Salary Survey and Internal Salary Comparison (i.e., pay provided to each employee)Outstanding – 6% IncreaseExceeds expectations – 4% IncreaseMeets expectations – 2% IncreaseDoes not meet expectations – No IncreaseExternal Salary Survey: (salary survey, which you can typically obtain online) Monthly salary range at $4,300 - $5,200.Internal Salary Comparison: (the relationship of this position to similar positions in your organization) Position is similar toAccounting Manager, and should be paid within the same monthly salary range of $4,400 - $4,900.Submit your analysis in a two- to three-page paper formatted to proper APA 6th Edition specifications. Include a minimum of twoscholarly references to support your analysis.<strong>BUS 434 Week 3 DQs</strong>Week 3 DQ 1 Job Evaluation MethodsThere are two general types of job evaluation methods: those that investigate the job as a whole and those that investigate the job from a variety of components. Choosing one job evaluation method, examine how that method would be the preferable approach to attain comparable worth throughout the organization, and where it would not be the preferable approach. Respond to at least two of your classmates' postings.Week 3 DQ 2 Survey PreparationSurveys are an important tool to assess the competitive forces in the marketplace regarding pay practices. The most critical step in the survey process is obtaining the proper job match. For an organization you are familiar with, identify a position that would be the match to utilize in your survey, including a brief discussion on the limitations of using this position to determine your organization's overall salary competitiveness in the market. Respond to at least two of your classmates' postings.<strong>BUS 434 Week 3 Quiz</strong>1. Question : The term “going rate” implies that there isa standard rate for a job in a communitya rate of pay that eliminates discriminatory actionsunion contract established rates of paysingle rate of pay for which employees will work2. Question : In the following array of data, which value is the 9th decile?3 8 13 204 8 15 245 9 15 25 5 10 17 287 12 18 29202425283. Question : Many specialists who make extensive use of survey data believe that _______ values provide valuable information for establishing minimum and maximum pay values for a job or a grade.first and second quartilefirst and third quartilesecond and third quartilefirst and fourth quartile4. Question : The optimal number of pay grades to be included within a pay structure is1025 to 3018there is no right number5. Question : The term “sore thumbing” when applied to the job evaluation process relates tophysical problems related to the joba rating that appears to be inappropriatea profile that is too higha very low rating score6. Question : The spread of a range within a pay grade will normally vary anywhere from _____ to _____ percent on either side of the midpoint of a pay scale.5-4010-5050-10025-757. Question : A compensation scatter diagram plots the points or dots on a chart where each point represents awage gradejob rate of payclass levelpoint of central tendency8. Question : Which one of the following statements best describes compensable factors?statements that define the specific attributes of a particular job more preciselyrelatively abstract and complex qualities and features that relate to all kinds of jobsskills used in solving growing related problems in jobsphysical working conditions surrounding a job9. Question : Relatively new or different jobs in which demand far exceeds the supply of qualified applicants are known askey jobsexotic jobshigh-tech jobsbenchmark jobs10. Question : Which of the following job evaluation systems is the easiest to implement but potentially the most discriminating?rankingmarket guidelinepoint factorsclassification<strong>BUS 434 Week 4 DQs</strong>Week 4 DQ 1 Performance StandardsDescribe the relevance of performance standards for today's knowledge-directed workers, and how their use will result in a more competitive compensation and benefit strategy. Respond to at least two of your classmates' postings.Week 4 DQ 2 Performance IncentivesCompare and contrast when it would be preferable to motivate employee performance through short-term incentives versus long-term incentives, and vice-versa. Respond to at least two of your classmates' postings.<strong>BUS 434 Week 4 Quiz</strong>1. Question : The National Association of Suggestion Systems claims that a dollar spent in rewarding suggestions will return ______ dollars in improved operations to the organization.$1$250$5$152. Question : The size of a bonus received by an operating manager will quite often be determined by all but which one of the following criteria?work unit reduction in costperformance rating of manager's subordinatesemployee's own performance ratingarea of functional responsibility3. Question : Which of the following statements is least descriptive of why many suggestion plans have failed?employee apathyfailure to recognize contributionsmanagement lacks interestunion members block suggestions through committee action4. Question : Which one of the following is not a benefit to the employer when offering an ESOP?maintains a stable work forceowner can sell stock to a friendresults in a dilution of value of the stockESOT can borrow money under favorable conditions5. Question : In contrast to compensation systems in the private sector, those for government employees are less likely to include use ofwage surveysjob descriptionsjob evaluationfinancial incentives6. Question : Which one of the following statements is not true regarding a defined contribution plan?most pension plans are defined contribution planscrucial to a defined contribution plan are investment and management skillsemployers assume the investment riskmost plans have less than 100 participants7. Question : Which of the following is not true about a well-designed incentive scheme?it should reflect the desire of the business to recognize performanceit should be limited to individual effortsit should assist in coordinating the efforts of all employeesit should demonstrate the ability of the business to reward performance at all levels8. Question : All but which one of the following theories are included within content theories of motivation?Maslow's hierarchical needsHerzberg's two-factor theoryMcClelland's four modes of successAdams' equity theory9. Question : Employees of the federal government are eligible forpatent awardsoutstanding contributor awardspecial achievement awardperfect attendance award10. Question : Which section of the Internal Revenue Code defines rights and opportunities for long-term compensation programs?125401520717<strong>BUS 434 Week 5 DQs</strong>Week 5 DQ 1 Executive CompensationThe growing compensation inequity between executive management and the average employee threatens to destabilize organizational morale and societal justice.Week 5 DQ 2 Benefit PackagesToday's globally competitive business environment has caused many U.S. businesses to reduce the value of their employee benefit packages. Examine how an organization can maintain its costly benefit structure while remaining competitive against countries whose companies do not offer such benefits. Respond to at least two of your classmates' postings.<strong>BUS 434 Week 5 Final Paper</strong>Attracting and retaining the most talented employees is essential for long-term organizational success. An important component to attracting and retaining such employees is the design and implementation of an effective compensation and benefit system.In the final project, you are to assume the role of a highly regarded human resource consultant hired to review, analyze, and revise the compensation and benefit system utilized by your city’s largest employer, Holland Enterprises. The firm employs 3,500 employees, but since 2007 has lost 25% of its staff. Exit interviews indicate the primary reason a majority of these employees have resigned is because of a compensation and benefit system that is perceived to be unfair and uncompetitive in the marketplace.Focus of the Final PaperSpecifically, in your role as a consultant for this organization, complete a 6-8 page Final Paper on the following:Discuss how an effective compensation and benefit system contributes to organizational effectiveness.Discuss the principle components of a typical compensation and benefit system for a large-scale organization. At a minimum, your compensation and benefit system would include a discussion on:Compensation and benefit philosophyPay structure architecture (pay grades, pay ranges, and pay width)Ratio of base pay to incentive (bonus) payEmphases on external equity or internal equityPrinciple type of benefits to include (example: deferred compensation match, health insurance, vacation and sick leave, etc.)Finally, present your strategy to convince the already skeptical top managers of this organization to increase their compensation and benefit expenses.Writing the Final PaperThe Final Paper:Must be six to eight double-spaced pages in length and formatted according to APA style as outlined in the approved APA style guide.Must include a cover page that includes:Student’s nameCourse name and numberTitle of paperInstructor’s nameDate submittedMust include an introductory paragraph with a succinct thesis statement.Must address the topic of the paper with critical thought.Must conclude with a restatement of the thesis and a conclusion paragraph.Must use APA style as outlined in the approved APA style guide to document all sources.Must include, on the final page, a Reference Page that is completed according to APA style as outlined in the approved APA style guide.Carefully review the Grading Rubric for the criteria that will be used to evaluate your assignment.
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<strong>BUS 434 Week 1 DQs</strong>Week 1 DQ 1 Employee Satisfaction"Employee satisfaction relates directly to income obtained from work performed and the lifestyle opportunities made available to the workers and their families from this work-related income." Elaborate on the link between work-related income and employee satisfaction in today's workplace. Respond to at least two of your classmates' postings.stWeek 1 DQ 2 Global Wage RatesWage rates in the United States are higher than similarly skilled workers in other countries such as China, Mexico and India. Consequently, many U.S. businesses have outsourced their manufacturing and production needs to take advantage of these lower wage rates. Discuss how, working collaboratively, the federal government and U.S. businesses can modify employee compensation packages to become more globally competitive. Respond to at least two of your classmates' postings.<strong>BUS 434 Week 1 Quiz</strong>1. Question : All but which one of the following conditions will influence jobs and job-related opportunities in the future?rapid economic growthvigorous competitionfewer advancement opportunitiesrestricted wage and salary increases2. Question : Which of the following is a noncompensation benefit rather than a compensation benefit?paid holidaysunemployment insuranceoffice Christmas partymedical insurance3. Question : An organization designs and implements a reward system toprovide a medium of exchange of the income of an organization to its employees for their monetary and in-kind claims on goods and servicespromote the comradeship of workplace associatesfocus worker attention on the specific behaviors the organization considers necessary to achieve its desired objectives and goalsrequire employees to perform assignments for which they are best suited4. Question : Claims on goods and services made available and paid for either totally or in some percentage by the employer aremonetary rewardsin-kind rewardsnoncompensation rewardsnonfinancial rewards5. Question : A company car, a company credit card, and subsidized food services are all examples of which one of the following forms of payment?deferred incomefamily incomeincome equivalentincentive income6. Question : The financial strength to own your own home normally begins with entry into theworking poorlower-middle classmiddle-middle classupper-middle class7. Question : All but which one of the following assumptions are included within the model of perfect competition?employers seek to maximize profitsworkers have perfect information about wages and job opportunitiesavailable workers differ with respect to both skill and performanceall jobs in the labor market are open to competition8. Question : Approximately what percentage of workers are unionized?81012149. Question : Which one of the following is not considered as part of a compensation program?Benefits and servicesShort- and long-term incentivesJob-related trainingWage and salary add-ons10. Question : Which one of the following states has the highest level of personal income?TennesseeMontanaConnecticutNew York<strong>BUS 434 Week 2 DQs</strong>Week 2 DQ 1 Compensation SystemA basic premise of a market-based economy is that each individual has the opportunity – through education, experience, hard, work, etc. – to improve his or her job earning potential. As a result, some employees may enjoy greater earnings than their colleagues. Assess how an organization can create a fair, market-competitive compensation system that provides greater rewards for those who earn it, yet is viewed as fair and equitable by the organization. Respond to at least two of your classmates' postings.Week 2 DQ 2 Job DescriptionsThe job description is often referred to as the building block of human resources. Nearly every employment action – recruitment, compensation, discipline, etc. – is predicated on an effective job description.
Today, there is considerable debate whether job descriptions should be broader and more generic, versus narrow and more specific. Distinguish between the advantages and disadvantages of each approach, and which you see as the more preferable approach. Respond to at least two of your classmates' postings.<strong>BUS 434 Week 2 Quiz</strong>1. Question : An organization's _____________ describes in broad or general value-laden terms what the organization wishes to accomplish in the long term—the kind of product it intends to provide and how it intends to provide it.missionstrategic plansobjectives and goalspolicy2. Question : Which one of the following jobs is not exempt from the minimum wage and overtime requirements outlined by the FLSA?independent contractorssecretariescasual baby-sittersvolunteer workers receiving no pay3. Question : The 1935 National Labor Relations Actestablished minimum wage requirementsestablished the AFL-CIOestablished unemployment compensationprovides employees with the right to bargain collectively for wages, benefits, andworking conditions4. Question : The most common type of sales compensation plan issalary onlysalary and commissioncommission onlybonus plan5. Question : In which one of the following job analysis methods would it be the easiest for employees with poor writing skills to provide job content data?diary/logchecklistopen-ended questionnaireinterview6. Question : The Age Discrimination in Employment Act of 1967, as amended, prohibits discrimination on account of age against employees in what complete age range?40 - no top40-7050-6550-707. Question : Job specification questionnaires provide information onmarket value of jobknowledge and skills required of incumbenttasks to be performedpersonnel department's recommendations regarding job duties8. Question : Combining groups of jobs for a particular organization into a specific class is accomplished based upon all of the following exceptthe jobs receive the same range of paythe jobs can be referred to by the same class title even though they have different job titlesthe jobs have similar responsibilities and dutiesthe jobs have the same performance standards9. Question : ERISA is associated with which of the following deferred income plans?Social Securityseverance paymentspension plansunemployment insurance10. Question : Establishing whether an employee is exempt from minimum wage and overtime requirements of the FLSA depends onresponsibilities, duties, and salarysalary and authorityseniority and performanceresponsibilities, duties, and level of performance<strong>BUS 434 Week 3 Employee Relations Manager Paper</strong>The most effective compensation strategy is one that develops a clear link between the following components:Job Description (i.e., work that an employee is expected to perform).Performance Evaluation (i.e., work that the employee has performed).External Salary Survey and Internal Salary Comparison (i.e., pay provided to each employee)Outstanding – 6% IncreaseExceeds expectations – 4% IncreaseMeets expectations – 2% IncreaseDoes not meet expectations – No IncreaseExternal Salary Survey: (salary survey, which you can typically obtain online) Monthly salary range at $4,300 - $5,200.Internal Salary Comparison: (the relationship of this position to similar positions in your organization) Position is similar toAccounting Manager, and should be paid within the same monthly salary range of $4,400 - $4,900.Submit your analysis in a two- to three-page paper formatted to proper APA 6th Edition specifications. Include a minimum of twoscholarly references to support your analysis.<strong>BUS 434 Week 3 DQs</strong>Week 3 DQ 1 Job Evaluation MethodsThere are two general types of job evaluation methods: those that investigate the job as a whole and those that investigate the job from a variety of components. Choosing one job evaluation method, examine how that method would be the preferable approach to attain comparable worth throughout the organization, and where it would not be the preferable approach. Respond to at least two of your classmates' postings.Week 3 DQ 2 Survey PreparationSurveys are an important tool to assess the competitive forces in the marketplace regarding pay practices. The most critical step in the survey process is obtaining the proper job match. For an organization you are familiar with, identify a position that would be the match to utilize in your survey, including a brief discussion on the limitations of using this position to determine your organization's overall salary competitiveness in the market. Respond to at least two of your classmates' postings.<strong>BUS 434 Week 3 Quiz</strong>1. Question : The term “going rate” implies that there isa standard rate for a job in a communitya rate of pay that eliminates discriminatory actionsunion contract established rates of paysingle rate of pay for which employees will work2. Question : In the following array of data, which value is the 9th decile?3 8 13 204 8 15 245 9 15 25 5 10 17 287 12 18 29202425283. Question : Many specialists who make extensive use of survey data believe that _______ values provide valuable information for establishing minimum and maximum pay values for a job or a grade.first and second quartilefirst and third quartilesecond and third quartilefirst and fourth quartile4. Question : The optimal number of pay grades to be included within a pay structure is1025 to 3018there is no right number5. Question : The term “sore thumbing” when applied to the job evaluation process relates tophysical problems related to the joba rating that appears to be inappropriatea profile that is too higha very low rating score6. Question : The spread of a range within a pay grade will normally vary anywhere from _____ to _____ percent on either side of the midpoint of a pay scale.5-4010-5050-10025-757. Question : A compensation scatter diagram plots the points or dots on a chart where each point represents awage gradejob rate of payclass levelpoint of central tendency8. Question : Which one of the following statements best describes compensable factors?statements that define the specific attributes of a particular job more preciselyrelatively abstract and complex qualities and features that relate to all kinds of jobsskills used in solving growing related problems in jobsphysical working conditions surrounding a job9. Question : Relatively new or different jobs in which demand far exceeds the supply of qualified applicants are known askey jobsexotic jobshigh-tech jobsbenchmark jobs10. Question : Which of the following job evaluation systems is the easiest to implement but potentially the most discriminating?rankingmarket guidelinepoint factorsclassification<strong>BUS 434 Week 4 DQs</strong>Week 4 DQ 1 Performance StandardsDescribe the relevance of performance standards for today's knowledge-directed workers, and how their use will result in a more competitive compensation and benefit strategy. Respond to at least two of your classmates' postings.Week 4 DQ 2 Performance IncentivesCompare and contrast when it would be preferable to motivate employee performance through short-term incentives versus long-term incentives, and vice-versa. Respond to at least two of your classmates' postings.<strong>BUS 434 Week 4 Quiz</strong>1. Question : The National Association of Suggestion Systems claims that a dollar spent in rewarding suggestions will return ______ dollars in improved operations to the organization.$1$250$5$152. Question : The size of a bonus received by an operating manager will quite often be determined by all but which one of the following criteria?work unit reduction in costperformance rating of manager's subordinatesemployee's own performance ratingarea of functional responsibility3. Question : Which of the following statements is least descriptive of why many suggestion plans have failed?employee apathyfailure to recognize contributionsmanagement lacks interestunion members block suggestions through committee action4. Question : Which one of the following is not a benefit to the employer when offering an ESOP?maintains a stable work forceowner can sell stock to a friendresults in a dilution of value of the stockESOT can borrow money under favorable conditions5. Question : In contrast to compensation systems in the private sector, those for government employees are less likely to include use ofwage surveysjob descriptionsjob evaluationfinancial incentives6. Question : Which one of the following statements is not true regarding a defined contribution plan?most pension plans are defined contribution planscrucial to a defined contribution plan are investment and management skillsemployers assume the investment riskmost plans have less than 100 participants7. Question : Which of the following is not true about a well-designed incentive scheme?it should reflect the desire of the business to recognize performanceit should be limited to individual effortsit should assist in coordinating the efforts of all employeesit should demonstrate the ability of the business to reward performance at all levels8. Question : All but which one of the following theories are included within content theories of motivation?Maslow's hierarchical needsHerzberg's two-factor theoryMcClelland's four modes of successAdams' equity theory9. Question : Employees of the federal government are eligible forpatent awardsoutstanding contributor awardspecial achievement awardperfect attendance award10. Question : Which section of the Internal Revenue Code defines rights and opportunities for long-term compensation programs?125401520717<strong>BUS 434 Week 5 DQs</strong>Week 5 DQ 1 Executive CompensationThe growing compensation inequity between executive management and the average employee threatens to destabilize organizational morale and societal justice.Week 5 DQ 2 Benefit PackagesToday's globally competitive business environment has caused many U.S. businesses to reduce the value of their employee benefit packages. Examine how an organization can maintain its costly benefit structure while remaining competitive against countries whose companies do not offer such benefits. Respond to at least two of your classmates' postings.<strong>BUS 434 Week 5 Final Paper</strong>Attracting and retaining the most talented employees is essential for long-term organizational success. An important component to attracting and retaining such employees is the design and implementation of an effective compensation and benefit system.In the final project, you are to assume the role of a highly regarded human resource consultant hired to review, analyze, and revise the compensation and benefit system utilized by your city’s largest employer, Holland Enterprises. The firm employs 3,500 employees, but since 2007 has lost 25% of its staff. Exit interviews indicate the primary reason a majority of these employees have resigned is because of a compensation and benefit system that is perceived to be unfair and uncompetitive in the marketplace.Focus of the Final PaperSpecifically, in your role as a consultant for this organization, complete a 6-8 page Final Paper on the following:Discuss how an effective compensation and benefit system contributes to organizational effectiveness.Discuss the principle components of a typical compensation and benefit system for a large-scale organization. At a minimum, your compensation and benefit system would include a discussion on:Compensation and benefit philosophyPay structure architecture (pay grades, pay ranges, and pay width)Ratio of base pay to incentive (bonus) payEmphases on external equity or internal equityPrinciple type of benefits to include (example: deferred compensation match, health insurance, vacation and sick leave, etc.)Finally, present your strategy to convince the already skeptical top managers of this organization to increase their compensation and benefit expenses.Writing the Final PaperThe Final Paper:Must be six to eight double-spaced pages in length and formatted according to APA style as outlined in the approved APA style guide.Must include a cover page that includes:Student’s nameCourse name and numberTitle of paperInstructor’s nameDate submittedMust include an introductory paragraph with a succinct thesis statement.Must address the topic of the paper with critical thought.Must conclude with a restatement of the thesis and a conclusion paragraph.Must use APA style as outlined in the approved APA style guide to document all sources.Must include, on the final page, a Reference Page that is completed according to APA style as outlined in the approved APA style guide.Carefully review the Grading Rubric for the criteria that will be used to evaluate your assignment.
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Download exams at http://www.ashfordhomeworks.com/download/bus-434-entire-course/
<strong>BUS 434 Week 1 DQs</strong>Week 1 DQ 1 Employee Satisfaction"Employee satisfaction relates directly to income obtained from work performed and the lifestyle opportunities made available to the workers and their families from this work-related income." Elaborate on the link between work-related income and employee satisfaction in today's workplace. Respond to at least two of your classmates' postings.stWeek 1 DQ 2 Global Wage RatesWage rates in the United States are higher than similarly skilled workers in other countries such as China, Mexico and India. Consequently, many U.S. businesses have outsourced their manufacturing and production needs to take advantage of these lower wage rates. Discuss how, working collaboratively, the federal government and U.S. businesses can modify employee compensation packages to become more globally competitive. Respond to at least two of your classmates' postings.<strong>BUS 434 Week 1 Quiz</strong>1. Question : All but which one of the following conditions will influence jobs and job-related opportunities in the future?rapid economic growthvigorous competitionfewer advancement opportunitiesrestricted wage and salary increases2. Question : Which of the following is a noncompensation benefit rather than a compensation benefit?paid holidaysunemployment insuranceoffice Christmas partymedical insurance3. Question : An organization designs and implements a reward system toprovide a medium of exchange of the income of an organization to its employees for their monetary and in-kind claims on goods and servicespromote the comradeship of workplace associatesfocus worker attention on the specific behaviors the organization considers necessary to achieve its desired objectives and goalsrequire employees to perform assignments for which they are best suited4. Question : Claims on goods and services made available and paid for either totally or in some percentage by the employer aremonetary rewardsin-kind rewardsnoncompensation rewardsnonfinancial rewards5. Question : A company car, a company credit card, and subsidized food services are all examples of which one of the following forms of payment?deferred incomefamily incomeincome equivalentincentive income6. Question : The financial strength to own your own home normally begins with entry into theworking poorlower-middle classmiddle-middle classupper-middle class7. Question : All but which one of the following assumptions are included within the model of perfect competition?employers seek to maximize profitsworkers have perfect information about wages and job opportunitiesavailable workers differ with respect to both skill and performanceall jobs in the labor market are open to competition8. Question : Approximately what percentage of workers are unionized?81012149. Question : Which one of the following is not considered as part of a compensation program?Benefits and servicesShort- and long-term incentivesJob-related trainingWage and salary add-ons10. Question : Which one of the following states has the highest level of personal income?TennesseeMontanaConnecticutNew York<strong>BUS 434 Week 2 DQs</strong>Week 2 DQ 1 Compensation SystemA basic premise of a market-based economy is that each individual has the opportunity – through education, experience, hard, work, etc. – to improve his or her job earning potential. As a result, some employees may enjoy greater earnings than their colleagues. Assess how an organization can create a fair, market-competitive compensation system that provides greater rewards for those who earn it, yet is viewed as fair and equitable by the organization. Respond to at least two of your classmates' postings.Week 2 DQ 2 Job DescriptionsThe job description is often referred to as the building block of human resources. Nearly every employment action – recruitment, compensation, discipline, etc. – is predicated on an effective job description.
Today, there is considerable debate whether job descriptions should be broader and more generic, versus narrow and more specific. Distinguish between the advantages and disadvantages of each approach, and which you see as the more preferable approach. Respond to at least two of your classmates' postings.<strong>BUS 434 Week 2 Quiz</strong>1. Question : An organization's _____________ describes in broad or general value-laden terms what the organization wishes to accomplish in the long term—the kind of product it intends to provide and how it intends to provide it.missionstrategic plansobjectives and goalspolicy2. Question : Which one of the following jobs is not exempt from the minimum wage and overtime requirements outlined by the FLSA?independent contractorssecretariescasual baby-sittersvolunteer workers receiving no pay3. Question : The 1935 National Labor Relations Actestablished minimum wage requirementsestablished the AFL-CIOestablished unemployment compensationprovides employees with the right to bargain collectively for wages, benefits, andworking conditions4. Question : The most common type of sales compensation plan issalary onlysalary and commissioncommission onlybonus plan5. Question : In which one of the following job analysis methods would it be the easiest for employees with poor writing skills to provide job content data?diary/logchecklistopen-ended questionnaireinterview6. Question : The Age Discrimination in Employment Act of 1967, as amended, prohibits discrimination on account of age against employees in what complete age range?40 - no top40-7050-6550-707. Question : Job specification questionnaires provide information onmarket value of jobknowledge and skills required of incumbenttasks to be performedpersonnel department's recommendations regarding job duties8. Question : Combining groups of jobs for a particular organization into a specific class is accomplished based upon all of the following exceptthe jobs receive the same range of paythe jobs can be referred to by the same class title even though they have different job titlesthe jobs have similar responsibilities and dutiesthe jobs have the same performance standards9. Question : ERISA is associated with which of the following deferred income plans?Social Securityseverance paymentspension plansunemployment insurance10. Question : Establishing whether an employee is exempt from minimum wage and overtime requirements of the FLSA depends onresponsibilities, duties, and salarysalary and authorityseniority and performanceresponsibilities, duties, and level of performance<strong>BUS 434 Week 3 Employee Relations Manager Paper</strong>The most effective compensation strategy is one that develops a clear link between the following components:Job Description (i.e., work that an employee is expected to perform).Performance Evaluation (i.e., work that the employee has performed).External Salary Survey and Internal Salary Comparison (i.e., pay provided to each employee)Outstanding – 6% IncreaseExceeds expectations – 4% IncreaseMeets expectations – 2% IncreaseDoes not meet expectations – No IncreaseExternal Salary Survey: (salary survey, which you can typically obtain online) Monthly salary range at $4,300 - $5,200.Internal Salary Comparison: (the relationship of this position to similar positions in your organization) Position is similar toAccounting Manager, and should be paid within the same monthly salary range of $4,400 - $4,900.Submit your analysis in a two- to three-page paper formatted to proper APA 6th Edition specifications. Include a minimum of twoscholarly references to support your analysis.<strong>BUS 434 Week 3 DQs</strong>Week 3 DQ 1 Job Evaluation MethodsThere are two general types of job evaluation methods: those that investigate the job as a whole and those that investigate the job from a variety of components. Choosing one job evaluation method, examine how that method would be the preferable approach to attain comparable worth throughout the organization, and where it would not be the preferable approach. Respond to at least two of your classmates' postings.Week 3 DQ 2 Survey PreparationSurveys are an important tool to assess the competitive forces in the marketplace regarding pay practices. The most critical step in the survey process is obtaining the proper job match. For an organization you are familiar with, identify a position that would be the match to utilize in your survey, including a brief discussion on the limitations of using this position to determine your organization's overall salary competitiveness in the market. Respond to at least two of your classmates' postings.<strong>BUS 434 Week 3 Quiz</strong>1. Question : The term “going rate” implies that there isa standard rate for a job in a communitya rate of pay that eliminates discriminatory actionsunion contract established rates of paysingle rate of pay for which employees will work2. Question : In the following array of data, which value is the 9th decile?3 8 13 204 8 15 245 9 15 25 5 10 17 287 12 18 29202425283. Question : Many specialists who make extensive use of survey data believe that _______ values provide valuable information for establishing minimum and maximum pay values for a job or a grade.first and second quartilefirst and third quartilesecond and third quartilefirst and fourth quartile4. Question : The optimal number of pay grades to be included within a pay structure is1025 to 3018there is no right number5. Question : The term “sore thumbing” when applied to the job evaluation process relates tophysical problems related to the joba rating that appears to be inappropriatea profile that is too higha very low rating score6. Question : The spread of a range within a pay grade will normally vary anywhere from _____ to _____ percent on either side of the midpoint of a pay scale.5-4010-5050-10025-757. Question : A compensation scatter diagram plots the points or dots on a chart where each point represents awage gradejob rate of payclass levelpoint of central tendency8. Question : Which one of the following statements best describes compensable factors?statements that define the specific attributes of a particular job more preciselyrelatively abstract and complex qualities and features that relate to all kinds of jobsskills used in solving growing related problems in jobsphysical working conditions surrounding a job9. Question : Relatively new or different jobs in which demand far exceeds the supply of qualified applicants are known askey jobsexotic jobshigh-tech jobsbenchmark jobs10. Question : Which of the following job evaluation systems is the easiest to implement but potentially the most discriminating?rankingmarket guidelinepoint factorsclassification<strong>BUS 434 Week 4 DQs</strong>Week 4 DQ 1 Performance StandardsDescribe the relevance of performance standards for today's knowledge-directed workers, and how their use will result in a more competitive compensation and benefit strategy. Respond to at least two of your classmates' postings.Week 4 DQ 2 Performance IncentivesCompare and contrast when it would be preferable to motivate employee performance through short-term incentives versus long-term incentives, and vice-versa. Respond to at least two of your classmates' postings.<strong>BUS 434 Week 4 Quiz</strong>1. Question : The National Association of Suggestion Systems claims that a dollar spent in rewarding suggestions will return ______ dollars in improved operations to the organization.$1$250$5$152. Question : The size of a bonus received by an operating manager will quite often be determined by all but which one of the following criteria?work unit reduction in costperformance rating of manager's subordinatesemployee's own performance ratingarea of functional responsibility3. Question : Which of the following statements is least descriptive of why many suggestion plans have failed?employee apathyfailure to recognize contributionsmanagement lacks interestunion members block suggestions through committee action4. Question : Which one of the following is not a benefit to the employer when offering an ESOP?maintains a stable work forceowner can sell stock to a friendresults in a dilution of value of the stockESOT can borrow money under favorable conditions5. Question : In contrast to compensation systems in the private sector, those for government employees are less likely to include use ofwage surveysjob descriptionsjob evaluationfinancial incentives6. Question : Which one of the following statements is not true regarding a defined contribution plan?most pension plans are defined contribution planscrucial to a defined contribution plan are investment and management skillsemployers assume the investment riskmost plans have less than 100 participants7. Question : Which of the following is not true about a well-designed incentive scheme?it should reflect the desire of the business to recognize performanceit should be limited to individual effortsit should assist in coordinating the efforts of all employeesit should demonstrate the ability of the business to reward performance at all levels8. Question : All but which one of the following theories are included within content theories of motivation?Maslow's hierarchical needsHerzberg's two-factor theoryMcClelland's four modes of successAdams' equity theory9. Question : Employees of the federal government are eligible forpatent awardsoutstanding contributor awardspecial achievement awardperfect attendance award10. Question : Which section of the Internal Revenue Code defines rights and opportunities for long-term compensation programs?125401520717<strong>BUS 434 Week 5 DQs</strong>Week 5 DQ 1 Executive CompensationThe growing compensation inequity between executive management and the average employee threatens to destabilize organizational morale and societal justice.Week 5 DQ 2 Benefit PackagesToday's globally competitive business environment has caused many U.S. businesses to reduce the value of their employee benefit packages. Examine how an organization can maintain its costly benefit structure while remaining competitive against countries whose companies do not offer such benefits. Respond to at least two of your classmates' postings.<strong>BUS 434 Week 5 Final Paper</strong>Attracting and retaining the most talented employees is essential for long-term organizational success. An important component to attracting and retaining such employees is the design and implementation of an effective compensation and benefit system.In the final project, you are to assume the role of a highly regarded human resource consultant hired to review, analyze, and revise the compensation and benefit system utilized by your city’s largest employer, Holland Enterprises. The firm employs 3,500 employees, but since 2007 has lost 25% of its staff. Exit interviews indicate the primary reason a majority of these employees have resigned is because of a compensation and benefit system that is perceived to be unfair and uncompetitive in the marketplace.Focus of the Final PaperSpecifically, in your role as a consultant for this organization, complete a 6-8 page Final Paper on the following:Discuss how an effective compensation and benefit system contributes to organizational effectiveness.Discuss the principle components of a typical compensation and benefit system for a large-scale organization. At a minimum, your compensation and benefit system would include a discussion on:Compensation and benefit philosophyPay structure architecture (pay grades, pay ranges, and pay width)Ratio of base pay to incentive (bonus) payEmphases on external equity or internal equityPrinciple type of benefits to include (example: deferred compensation match, health insurance, vacation and sick leave, etc.)Finally, present your strategy to convince the already skeptical top managers of this organization to increase their compensation and benefit expenses.Writing the Final PaperThe Final Paper:Must be six to eight double-spaced pages in length and formatted according to APA style as outlined in the approved APA style guide.Must include a cover page that includes:Student’s nameCourse name and numberTitle of paperInstructor’s nameDate submittedMust include an introductory paragraph with a succinct thesis statement.Must address the topic of the paper with critical thought.Must conclude with a restatement of the thesis and a conclusion paragraph.Must use APA style as outlined in the approved APA style guide to document all sources.Must include, on the final page, a Reference Page that is completed according to APA style as outlined in the approved APA style guide.Carefully review the Grading Rubric for the criteria that will be used to evaluate your assignment.
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<strong>BUS 434 Week 1 DQs</strong>Week 1 DQ 1 Employee Satisfaction"Employee satisfaction relates directly to income obtained from work performed and the lifestyle opportunities made available to the workers and their families from this work-related income." Elaborate on the link between work-related income and employee satisfaction in today's workplace. Respond to at least two of your classmates' postings.stWeek 1 DQ 2 Global Wage RatesWage rates in the United States are higher than similarly skilled workers in other countries such as China, Mexico and India. Consequently, many U.S. businesses have outsourced their manufacturing and production needs to take advantage of these lower wage rates. Discuss how, working collaboratively, the federal government and U.S. businesses can modify employee compensation packages to become more globally competitive. Respond to at least two of your classmates' postings.<strong>BUS 434 Week 1 Quiz</strong>1. Question : All but which one of the following conditions will influence jobs and job-related opportunities in the future?rapid economic growthvigorous competitionfewer advancement opportunitiesrestricted wage and salary increases2. Question : Which of the following is a noncompensation benefit rather than a compensation benefit?paid holidaysunemployment insuranceoffice Christmas partymedical insurance3. Question : An organization designs and implements a reward system toprovide a medium of exchange of the income of an organization to its employees for their monetary and in-kind claims on goods and servicespromote the comradeship of workplace associatesfocus worker attention on the specific behaviors the organization considers necessary to achieve its desired objectives and goalsrequire employees to perform assignments for which they are best suited4. Question : Claims on goods and services made available and paid for either totally or in some percentage by the employer aremonetary rewardsin-kind rewardsnoncompensation rewardsnonfinancial rewards5. Question : A company car, a company credit card, and subsidized food services are all examples of which one of the following forms of payment?deferred incomefamily incomeincome equivalentincentive income6. Question : The financial strength to own your own home normally begins with entry into theworking poorlower-middle classmiddle-middle classupper-middle class7. Question : All but which one of the following assumptions are included within the model of perfect competition?employers seek to maximize profitsworkers have perfect information about wages and job opportunitiesavailable workers differ with respect to both skill and performanceall jobs in the labor market are open to competition8. Question : Approximately what percentage of workers are unionized?81012149. Question : Which one of the following is not considered as part of a compensation program?Benefits and servicesShort- and long-term incentivesJob-related trainingWage and salary add-ons10. Question : Which one of the following states has the highest level of personal income?TennesseeMontanaConnecticutNew York<strong>BUS 434 Week 2 DQs</strong>Week 2 DQ 1 Compensation SystemA basic premise of a market-based economy is that each individual has the opportunity – through education, experience, hard, work, etc. – to improve his or her job earning potential. As a result, some employees may enjoy greater earnings than their colleagues. Assess how an organization can create a fair, market-competitive compensation system that provides greater rewards for those who earn it, yet is viewed as fair and equitable by the organization. Respond to at least two of your classmates' postings.Week 2 DQ 2 Job DescriptionsThe job description is often referred to as the building block of human resources. Nearly every employment action – recruitment, compensation, discipline, etc. – is predicated on an effective job description.
Today, there is considerable debate whether job descriptions should be broader and more generic, versus narrow and more specific. Distinguish between the advantages and disadvantages of each approach, and which you see as the more preferable approach. Respond to at least two of your classmates' postings.<strong>BUS 434 Week 2 Quiz</strong>1. Question : An organization's _____________ describes in broad or general value-laden terms what the organization wishes to accomplish in the long term—the kind of product it intends to provide and how it intends to provide it.missionstrategic plansobjectives and goalspolicy2. Question : Which one of the following jobs is not exempt from the minimum wage and overtime requirements outlined by the FLSA?independent contractorssecretariescasual baby-sittersvolunteer workers receiving no pay3. Question : The 1935 National Labor Relations Actestablished minimum wage requirementsestablished the AFL-CIOestablished unemployment compensationprovides employees with the right to bargain collectively for wages, benefits, andworking conditions4. Question : The most common type of sales compensation plan issalary onlysalary and commissioncommission onlybonus plan5. Question : In which one of the following job analysis methods would it be the easiest for employees with poor writing skills to provide job content data?diary/logchecklistopen-ended questionnaireinterview6. Question : The Age Discrimination in Employment Act of 1967, as amended, prohibits discrimination on account of age against employees in what complete age range?40 - no top40-7050-6550-707. Question : Job specification questionnaires provide information onmarket value of jobknowledge and skills required of incumbenttasks to be performedpersonnel department's recommendations regarding job duties8. Question : Combining groups of jobs for a particular organization into a specific class is accomplished based upon all of the following exceptthe jobs receive the same range of paythe jobs can be referred to by the same class title even though they have different job titlesthe jobs have similar responsibilities and dutiesthe jobs have the same performance standards9. Question : ERISA is associated with which of the following deferred income plans?Social Securityseverance paymentspension plansunemployment insurance10. Question : Establishing whether an employee is exempt from minimum wage and overtime requirements of the FLSA depends onresponsibilities, duties, and salarysalary and authorityseniority and performanceresponsibilities, duties, and level of performance<strong>BUS 434 Week 3 Employee Relations Manager Paper</strong>The most effective compensation strategy is one that develops a clear link between the following components:Job Description (i.e., work that an employee is expected to perform).Performance Evaluation (i.e., work that the employee has performed).External Salary Survey and Internal Salary Comparison (i.e., pay provided to each employee)Outstanding – 6% IncreaseExceeds expectations – 4% IncreaseMeets expectations – 2% IncreaseDoes not meet expectations – No IncreaseExternal Salary Survey: (salary survey, which you can typically obtain online) Monthly salary range at $4,300 - $5,200.Internal Salary Comparison: (the relationship of this position to similar positions in your organization) Position is similar toAccounting Manager, and should be paid within the same monthly salary range of $4,400 - $4,900.Submit your analysis in a two- to three-page paper formatted to proper APA 6th Edition specifications. Include a minimum of twoscholarly references to support your analysis.<strong>BUS 434 Week 3 DQs</strong>Week 3 DQ 1 Job Evaluation MethodsThere are two general types of job evaluation methods: those that investigate the job as a whole and those that investigate the job from a variety of components. Choosing one job evaluation method, examine how that method would be the preferable approach to attain comparable worth throughout the organization, and where it would not be the preferable approach. Respond to at least two of your classmates' postings.Week 3 DQ 2 Survey PreparationSurveys are an important tool to assess the competitive forces in the marketplace regarding pay practices. The most critical step in the survey process is obtaining the proper job match. For an organization you are familiar with, identify a position that would be the match to utilize in your survey, including a brief discussion on the limitations of using this position to determine your organization's overall salary competitiveness in the market. Respond to at least two of your classmates' postings.<strong>BUS 434 Week 3 Quiz</strong>1. Question : The term “going rate” implies that there isa standard rate for a job in a communitya rate of pay that eliminates discriminatory actionsunion contract established rates of paysingle rate of pay for which employees will work2. Question : In the following array of data, which value is the 9th decile?3 8 13 204 8 15 245 9 15 25 5 10 17 287 12 18 29202425283. Question : Many specialists who make extensive use of survey data believe that _______ values provide valuable information for establishing minimum and maximum pay values for a job or a grade.first and second quartilefirst and third quartilesecond and third quartilefirst and fourth quartile4. Question : The optimal number of pay grades to be included within a pay structure is1025 to 3018there is no right number5. Question : The term “sore thumbing” when applied to the job evaluation process relates tophysical problems related to the joba rating that appears to be inappropriatea profile that is too higha very low rating score6. Question : The spread of a range within a pay grade will normally vary anywhere from _____ to _____ percent on either side of the midpoint of a pay scale.5-4010-5050-10025-757. Question : A compensation scatter diagram plots the points or dots on a chart where each point represents awage gradejob rate of payclass levelpoint of central tendency8. Question : Which one of the following statements best describes compensable factors?statements that define the specific attributes of a particular job more preciselyrelatively abstract and complex qualities and features that relate to all kinds of jobsskills used in solving growing related problems in jobsphysical working conditions surrounding a job9. Question : Relatively new or different jobs in which demand far exceeds the supply of qualified applicants are known askey jobsexotic jobshigh-tech jobsbenchmark jobs10. Question : Which of the following job evaluation systems is the easiest to implement but potentially the most discriminating?rankingmarket guidelinepoint factorsclassification<strong>BUS 434 Week 4 DQs</strong>Week 4 DQ 1 Performance StandardsDescribe the relevance of performance standards for today's knowledge-directed workers, and how their use will result in a more competitive compensation and benefit strategy. Respond to at least two of your classmates' postings.Week 4 DQ 2 Performance IncentivesCompare and contrast when it would be preferable to motivate employee performance through short-term incentives versus long-term incentives, and vice-versa. Respond to at least two of your classmates' postings.<strong>BUS 434 Week 4 Quiz</strong>1. Question : The National Association of Suggestion Systems claims that a dollar spent in rewarding suggestions will return ______ dollars in improved operations to the organization.$1$250$5$152. Question : The size of a bonus received by an operating manager will quite often be determined by all but which one of the following criteria?work unit reduction in costperformance rating of manager's subordinatesemployee's own performance ratingarea of functional responsibility3. Question : Which of the following statements is least descriptive of why many suggestion plans have failed?employee apathyfailure to recognize contributionsmanagement lacks interestunion members block suggestions through committee action4. Question : Which one of the following is not a benefit to the employer when offering an ESOP?maintains a stable work forceowner can sell stock to a friendresults in a dilution of value of the stockESOT can borrow money under favorable conditions5. Question : In contrast to compensation systems in the private sector, those for government employees are less likely to include use ofwage surveysjob descriptionsjob evaluationfinancial incentives6. Question : Which one of the following statements is not true regarding a defined contribution plan?most pension plans are defined contribution planscrucial to a defined contribution plan are investment and management skillsemployers assume the investment riskmost plans have less than 100 participants7. Question : Which of the following is not true about a well-designed incentive scheme?it should reflect the desire of the business to recognize performanceit should be limited to individual effortsit should assist in coordinating the efforts of all employeesit should demonstrate the ability of the business to reward performance at all levels8. Question : All but which one of the following theories are included within content theories of motivation?Maslow's hierarchical needsHerzberg's two-factor theoryMcClelland's four modes of successAdams' equity theory9. Question : Employees of the federal government are eligible forpatent awardsoutstanding contributor awardspecial achievement awardperfect attendance award10. Question : Which section of the Internal Revenue Code defines rights and opportunities for long-term compensation programs?125401520717<strong>BUS 434 Week 5 DQs</strong>Week 5 DQ 1 Executive CompensationThe growing compensation inequity between executive management and the average employee threatens to destabilize organizational morale and societal justice.Week 5 DQ 2 Benefit PackagesToday's globally competitive business environment has caused many U.S. businesses to reduce the value of their employee benefit packages. Examine how an organization can maintain its costly benefit structure while remaining competitive against countries whose companies do not offer such benefits. Respond to at least two of your classmates' postings.<strong>BUS 434 Week 5 Final Paper</strong>Attracting and retaining the most talented employees is essential for long-term organizational success. An important component to attracting and retaining such employees is the design and implementation of an effective compensation and benefit system.In the final project, you are to assume the role of a highly regarded human resource consultant hired to review, analyze, and revise the compensation and benefit system utilized by your city’s largest employer, Holland Enterprises. The firm employs 3,500 employees, but since 2007 has lost 25% of its staff. Exit interviews indicate the primary reason a majority of these employees have resigned is because of a compensation and benefit system that is perceived to be unfair and uncompetitive in the marketplace.Focus of the Final PaperSpecifically, in your role as a consultant for this organization, complete a 6-8 page Final Paper on the following:Discuss how an effective compensation and benefit system contributes to organizational effectiveness.Discuss the principle components of a typical compensation and benefit system for a large-scale organization. At a minimum, your compensation and benefit system would include a discussion on:Compensation and benefit philosophyPay structure architecture (pay grades, pay ranges, and pay width)Ratio of base pay to incentive (bonus) payEmphases on external equity or internal equityPrinciple type of benefits to include (example: deferred compensation match, health insurance, vacation and sick leave, etc.)Finally, present your strategy to convince the already skeptical top managers of this organization to increase their compensation and benefit expenses.Writing the Final PaperThe Final Paper:Must be six to eight double-spaced pages in length and formatted according to APA style as outlined in the approved APA style guide.Must include a cover page that includes:Student’s nameCourse name and numberTitle of paperInstructor’s nameDate submittedMust include an introductory paragraph with a succinct thesis statement.Must address the topic of the paper with critical thought.Must conclude with a restatement of the thesis and a conclusion paragraph.Must use APA style as outlined in the approved APA style guide to document all sources.Must include, on the final page, a Reference Page that is completed according to APA style as outlined in the approved APA style guide.Carefully review the Grading Rubric for the criteria that will be used to evaluate your assignment.
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<strong>BUS 434 Week 1 DQs</strong>Week 1 DQ 1 Employee Satisfaction"Employee satisfaction relates directly to income obtained from work performed and the lifestyle opportunities made available to the workers and their families from this work-related income." Elaborate on the link between work-related income and employee satisfaction in today's workplace. Respond to at least two of your classmates' postings.stWeek 1 DQ 2 Global Wage RatesWage rates in the United States are higher than similarly skilled workers in other countries such as China, Mexico and India. Consequently, many U.S. businesses have outsourced their manufacturing and production needs to take advantage of these lower wage rates. Discuss how, working collaboratively, the federal government and U.S. businesses can modify employee compensation packages to become more globally competitive. Respond to at least two of your classmates' postings.<strong>BUS 434 Week 1 Quiz</strong>1. Question : All but which one of the following conditions will influence jobs and job-related opportunities in the future?rapid economic growthvigorous competitionfewer advancement opportunitiesrestricted wage and salary increases2. Question : Which of the following is a noncompensation benefit rather than a compensation benefit?paid holidaysunemployment insuranceoffice Christmas partymedical insurance3. Question : An organization designs and implements a reward system toprovide a medium of exchange of the income of an organization to its employees for their monetary and in-kind claims on goods and servicespromote the comradeship of workplace associatesfocus worker attention on the specific behaviors the organization considers necessary to achieve its desired objectives and goalsrequire employees to perform assignments for which they are best suited4. Question : Claims on goods and services made available and paid for either totally or in some percentage by the employer aremonetary rewardsin-kind rewardsnoncompensation rewardsnonfinancial rewards5. Question : A company car, a company credit card, and subsidized food services are all examples of which one of the following forms of payment?deferred incomefamily incomeincome equivalentincentive income6. Question : The financial strength to own your own home normally begins with entry into theworking poorlower-middle classmiddle-middle classupper-middle class7. Question : All but which one of the following assumptions are included within the model of perfect competition?employers seek to maximize profitsworkers have perfect information about wages and job opportunitiesavailable workers differ with respect to both skill and performanceall jobs in the labor market are open to competition8. Question : Approximately what percentage of workers are unionized?81012149. Question : Which one of the following is not considered as part of a compensation program?Benefits and servicesShort- and long-term incentivesJob-related trainingWage and salary add-ons10. Question : Which one of the following states has the highest level of personal income?TennesseeMontanaConnecticutNew York<strong>BUS 434 Week 2 DQs</strong>Week 2 DQ 1 Compensation SystemA basic premise of a market-based economy is that each individual has the opportunity – through education, experience, hard, work, etc. – to improve his or her job earning potential. As a result, some employees may enjoy greater earnings than their colleagues. Assess how an organization can create a fair, market-competitive compensation system that provides greater rewards for those who earn it, yet is viewed as fair and equitable by the organization. Respond to at least two of your classmates' postings.Week 2 DQ 2 Job DescriptionsThe job description is often referred to as the building block of human resources. Nearly every employment action – recruitment, compensation, discipline, etc. – is predicated on an effective job description.
Today, there is considerable debate whether job descriptions should be broader and more generic, versus narrow and more specific. Distinguish between the advantages and disadvantages of each approach, and which you see as the more preferable approach. Respond to at least two of your classmates' postings.<strong>BUS 434 Week 2 Quiz</strong>1. Question : An organization's _____________ describes in broad or general value-laden terms what the organization wishes to accomplish in the long term—the kind of product it intends to provide and how it intends to provide it.missionstrategic plansobjectives and goalspolicy2. Question : Which one of the following jobs is not exempt from the minimum wage and overtime requirements outlined by the FLSA?independent contractorssecretariescasual baby-sittersvolunteer workers receiving no pay3. Question : The 1935 National Labor Relations Actestablished minimum wage requirementsestablished the AFL-CIOestablished unemployment compensationprovides employees with the right to bargain collectively for wages, benefits, andworking conditions4. Question : The most common type of sales compensation plan issalary onlysalary and commissioncommission onlybonus plan5. Question : In which one of the following job analysis methods would it be the easiest for employees with poor writing skills to provide job content data?diary/logchecklistopen-ended questionnaireinterview6. Question : The Age Discrimination in Employment Act of 1967, as amended, prohibits discrimination on account of age against employees in what complete age range?40 - no top40-7050-6550-707. Question : Job specification questionnaires provide information onmarket value of jobknowledge and skills required of incumbenttasks to be performedpersonnel department's recommendations regarding job duties8. Question : Combining groups of jobs for a particular organization into a specific class is accomplished based upon all of the following exceptthe jobs receive the same range of paythe jobs can be referred to by the same class title even though they have different job titlesthe jobs have similar responsibilities and dutiesthe jobs have the same performance standards9. Question : ERISA is associated with which of the following deferred income plans?Social Securityseverance paymentspension plansunemployment insurance10. Question : Establishing whether an employee is exempt from minimum wage and overtime requirements of the FLSA depends onresponsibilities, duties, and salarysalary and authorityseniority and performanceresponsibilities, duties, and level of performance<strong>BUS 434 Week 3 Employee Relations Manager Paper</strong>The most effective compensation strategy is one that develops a clear link between the following components:Job Description (i.e., work that an employee is expected to perform).Performance Evaluation (i.e., work that the employee has performed).External Salary Survey and Internal Salary Comparison (i.e., pay provided to each employee)Outstanding – 6% IncreaseExceeds expectations – 4% IncreaseMeets expectations – 2% IncreaseDoes not meet expectations – No IncreaseExternal Salary Survey: (salary survey, which you can typically obtain online) Monthly salary range at $4,300 - $5,200.Internal Salary Comparison: (the relationship of this position to similar positions in your organization) Position is similar toAccounting Manager, and should be paid within the same monthly salary range of $4,400 - $4,900.Submit your analysis in a two- to three-page paper formatted to proper APA 6th Edition specifications. Include a minimum of twoscholarly references to support your analysis.<strong>BUS 434 Week 3 DQs</strong>Week 3 DQ 1 Job Evaluation MethodsThere are two general types of job evaluation methods: those that investigate the job as a whole and those that investigate the job from a variety of components. Choosing one job evaluation method, examine how that method would be the preferable approach to attain comparable worth throughout the organization, and where it would not be the preferable approach. Respond to at least two of your classmates' postings.Week 3 DQ 2 Survey PreparationSurveys are an important tool to assess the competitive forces in the marketplace regarding pay practices. The most critical step in the survey process is obtaining the proper job match. For an organization you are familiar with, identify a position that would be the match to utilize in your survey, including a brief discussion on the limitations of using this position to determine your organization's overall salary competitiveness in the market. Respond to at least two of your classmates' postings.<strong>BUS 434 Week 3 Quiz</strong>1. Question : The term “going rate” implies that there isa standard rate for a job in a communitya rate of pay that eliminates discriminatory actionsunion contract established rates of paysingle rate of pay for which employees will work2. Question : In the following array of data, which value is the 9th decile?3 8 13 204 8 15 245 9 15 25 5 10 17 287 12 18 29202425283. Question : Many specialists who make extensive use of survey data believe that _______ values provide valuable information for establishing minimum and maximum pay values for a job or a grade.first and second quartilefirst and third quartilesecond and third quartilefirst and fourth quartile4. Question : The optimal number of pay grades to be included within a pay structure is1025 to 3018there is no right number5. Question : The term “sore thumbing” when applied to the job evaluation process relates tophysical problems related to the joba rating that appears to be inappropriatea profile that is too higha very low rating score6. Question : The spread of a range within a pay grade will normally vary anywhere from _____ to _____ percent on either side of the midpoint of a pay scale.5-4010-5050-10025-757. Question : A compensation scatter diagram plots the points or dots on a chart where each point represents awage gradejob rate of payclass levelpoint of central tendency8. Question : Which one of the following statements best describes compensable factors?statements that define the specific attributes of a particular job more preciselyrelatively abstract and complex qualities and features that relate to all kinds of jobsskills used in solving growing related problems in jobsphysical working conditions surrounding a job9. Question : Relatively new or different jobs in which demand far exceeds the supply of qualified applicants are known askey jobsexotic jobshigh-tech jobsbenchmark jobs10. Question : Which of the following job evaluation systems is the easiest to implement but potentially the most discriminating?rankingmarket guidelinepoint factorsclassification<strong>BUS 434 Week 4 DQs</strong>Week 4 DQ 1 Performance StandardsDescribe the relevance of performance standards for today's knowledge-directed workers, and how their use will result in a more competitive compensation and benefit strategy. Respond to at least two of your classmates' postings.Week 4 DQ 2 Performance IncentivesCompare and contrast when it would be preferable to motivate employee performance through short-term incentives versus long-term incentives, and vice-versa. Respond to at least two of your classmates' postings.<strong>BUS 434 Week 4 Quiz</strong>1. Question : The National Association of Suggestion Systems claims that a dollar spent in rewarding suggestions will return ______ dollars in improved operations to the organization.$1$250$5$152. Question : The size of a bonus received by an operating manager will quite often be determined by all but which one of the following criteria?work unit reduction in costperformance rating of manager's subordinatesemployee's own performance ratingarea of functional responsibility3. Question : Which of the following statements is least descriptive of why many suggestion plans have failed?employee apathyfailure to recognize contributionsmanagement lacks interestunion members block suggestions through committee action4. Question : Which one of the following is not a benefit to the employer when offering an ESOP?maintains a stable work forceowner can sell stock to a friendresults in a dilution of value of the stockESOT can borrow money under favorable conditions5. Question : In contrast to compensation systems in the private sector, those for government employees are less likely to include use ofwage surveysjob descriptionsjob evaluationfinancial incentives6. Question : Which one of the following statements is not true regarding a defined contribution plan?most pension plans are defined contribution planscrucial to a defined contribution plan are investment and management skillsemployers assume the investment riskmost plans have less than 100 participants7. Question : Which of the following is not true about a well-designed incentive scheme?it should reflect the desire of the business to recognize performanceit should be limited to individual effortsit should assist in coordinating the efforts of all employeesit should demonstrate the ability of the business to reward performance at all levels8. Question : All but which one of the following theories are included within content theories of motivation?Maslow's hierarchical needsHerzberg's two-factor theoryMcClelland's four modes of successAdams' equity theory9. Question : Employees of the federal government are eligible forpatent awardsoutstanding contributor awardspecial achievement awardperfect attendance award10. Question : Which section of the Internal Revenue Code defines rights and opportunities for long-term compensation programs?125401520717<strong>BUS 434 Week 5 DQs</strong>Week 5 DQ 1 Executive CompensationThe growing compensation inequity between executive management and the average employee threatens to destabilize organizational morale and societal justice.Week 5 DQ 2 Benefit PackagesToday's globally competitive business environment has caused many U.S. businesses to reduce the value of their employee benefit packages. Examine how an organization can maintain its costly benefit structure while remaining competitive against countries whose companies do not offer such benefits. Respond to at least two of your classmates' postings.<strong>BUS 434 Week 5 Final Paper</strong>Attracting and retaining the most talented employees is essential for long-term organizational success. An important component to attracting and retaining such employees is the design and implementation of an effective compensation and benefit system.In the final project, you are to assume the role of a highly regarded human resource consultant hired to review, analyze, and revise the compensation and benefit system utilized by your city’s largest employer, Holland Enterprises. The firm employs 3,500 employees, but since 2007 has lost 25% of its staff. Exit interviews indicate the primary reason a majority of these employees have resigned is because of a compensation and benefit system that is perceived to be unfair and uncompetitive in the marketplace.Focus of the Final PaperSpecifically, in your role as a consultant for this organization, complete a 6-8 page Final Paper on the following:Discuss how an effective compensation and benefit system contributes to organizational effectiveness.Discuss the principle components of a typical compensation and benefit system for a large-scale organization. At a minimum, your compensation and benefit system would include a discussion on:Compensation and benefit philosophyPay structure architecture (pay grades, pay ranges, and pay width)Ratio of base pay to incentive (bonus) payEmphases on external equity or internal equityPrinciple type of benefits to include (example: deferred compensation match, health insurance, vacation and sick leave, etc.)Finally, present your strategy to convince the already skeptical top managers of this organization to increase their compensation and benefit expenses.Writing the Final PaperThe Final Paper:Must be six to eight double-spaced pages in length and formatted according to APA style as outlined in the approved APA style guide.Must include a cover page that includes:Student’s nameCourse name and numberTitle of paperInstructor’s nameDate submittedMust include an introductory paragraph with a succinct thesis statement.Must address the topic of the paper with critical thought.Must conclude with a restatement of the thesis and a conclusion paragraph.Must use APA style as outlined in the approved APA style guide to document all sources.Must include, on the final page, a Reference Page that is completed according to APA style as outlined in the approved APA style guide.Carefully review the Grading Rubric for the criteria that will be used to evaluate your assignment.
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<strong>BUS 434 Week 1 DQs</strong>Week 1 DQ 1 Employee Satisfaction"Employee satisfaction relates directly to income obtained from work performed and the lifestyle opportunities made available to the workers and their families from this work-related income." Elaborate on the link between work-related income and employee satisfaction in today's workplace. Respond to at least two of your classmates' postings.stWeek 1 DQ 2 Global Wage RatesWage rates in the United States are higher than similarly skilled workers in other countries such as China, Mexico and India. Consequently, many U.S. businesses have outsourced their manufacturing and production needs to take advantage of these lower wage rates. Discuss how, working collaboratively, the federal government and U.S. businesses can modify employee compensation packages to become more globally competitive. Respond to at least two of your classmates' postings.<strong>BUS 434 Week 1 Quiz</strong>1. Question : All but which one of the following conditions will influence jobs and job-related opportunities in the future?rapid economic growthvigorous competitionfewer advancement opportunitiesrestricted wage and salary increases2. Question : Which of the following is a noncompensation benefit rather than a compensation benefit?paid holidaysunemployment insuranceoffice Christmas partymedical insurance3. Question : An organization designs and implements a reward system toprovide a medium of exchange of the income of an organization to its employees for their monetary and in-kind claims on goods and servicespromote the comradeship of workplace associatesfocus worker attention on the specific behaviors the organization considers necessary to achieve its desired objectives and goalsrequire employees to perform assignments for which they are best suited4. Question : Claims on goods and services made available and paid for either totally or in some percentage by the employer aremonetary rewardsin-kind rewardsnoncompensation rewardsnonfinancial rewards5. Question : A company car, a company credit card, and subsidized food services are all examples of which one of the following forms of payment?deferred incomefamily incomeincome equivalentincentive income6. Question : The financial strength to own your own home normally begins with entry into theworking poorlower-middle classmiddle-middle classupper-middle class7. Question : All but which one of the following assumptions are included within the model of perfect competition?employers seek to maximize profitsworkers have perfect information about wages and job opportunitiesavailable workers differ with respect to both skill and performanceall jobs in the labor market are open to competition8. Question : Approximately what percentage of workers are unionized?81012149. Question : Which one of the following is not considered as part of a compensation program?Benefits and servicesShort- and long-term incentivesJob-related trainingWage and salary add-ons10. Question : Which one of the following states has the highest level of personal income?TennesseeMontanaConnecticutNew York<strong>BUS 434 Week 2 DQs</strong>Week 2 DQ 1 Compensation SystemA basic premise of a market-based economy is that each individual has the opportunity – through education, experience, hard, work, etc. – to improve his or her job earning potential. As a result, some employees may enjoy greater earnings than their colleagues. Assess how an organization can create a fair, market-competitive compensation system that provides greater rewards for those who earn it, yet is viewed as fair and equitable by the organization. Respond to at least two of your classmates' postings.Week 2 DQ 2 Job DescriptionsThe job description is often referred to as the building block of human resources. Nearly every employment action – recruitment, compensation, discipline, etc. – is predicated on an effective job description.
Today, there is considerable debate whether job descriptions should be broader and more generic, versus narrow and more specific. Distinguish between the advantages and disadvantages of each approach, and which you see as the more preferable approach. Respond to at least two of your classmates' postings.<strong>BUS 434 Week 2 Quiz</strong>1. Question : An organization's _____________ describes in broad or general value-laden terms what the organization wishes to accomplish in the long term—the kind of product it intends to provide and how it intends to provide it.missionstrategic plansobjectives and goalspolicy2. Question : Which one of the following jobs is not exempt from the minimum wage and overtime requirements outlined by the FLSA?independent contractorssecretariescasual baby-sittersvolunteer workers receiving no pay3. Question : The 1935 National Labor Relations Actestablished minimum wage requirementsestablished the AFL-CIOestablished unemployment compensationprovides employees with the right to bargain collectively for wages, benefits, andworking conditions4. Question : The most common type of sales compensation plan issalary onlysalary and commissioncommission onlybonus plan5. Question : In which one of the following job analysis methods would it be the easiest for employees with poor writing skills to provide job content data?diary/logchecklistopen-ended questionnaireinterview6. Question : The Age Discrimination in Employment Act of 1967, as amended, prohibits discrimination on account of age against employees in what complete age range?40 - no top40-7050-6550-707. Question : Job specification questionnaires provide information onmarket value of jobknowledge and skills required of incumbenttasks to be performedpersonnel department's recommendations regarding job duties8. Question : Combining groups of jobs for a particular organization into a specific class is accomplished based upon all of the following exceptthe jobs receive the same range of paythe jobs can be referred to by the same class title even though they have different job titlesthe jobs have similar responsibilities and dutiesthe jobs have the same performance standards9. Question : ERISA is associated with which of the following deferred income plans?Social Securityseverance paymentspension plansunemployment insurance10. Question : Establishing whether an employee is exempt from minimum wage and overtime requirements of the FLSA depends onresponsibilities, duties, and salarysalary and authorityseniority and performanceresponsibilities, duties, and level of performance<strong>BUS 434 Week 3 Employee Relations Manager Paper</strong>The most effective compensation strategy is one that develops a clear link between the following components:Job Description (i.e., work that an employee is expected to perform).Performance Evaluation (i.e., work that the employee has performed).External Salary Survey and Internal Salary Comparison (i.e., pay provided to each employee)Outstanding – 6% IncreaseExceeds expectations – 4% IncreaseMeets expectations – 2% IncreaseDoes not meet expectations – No IncreaseExternal Salary Survey: (salary survey, which you can typically obtain online) Monthly salary range at $4,300 - $5,200.Internal Salary Comparison: (the relationship of this position to similar positions in your organization) Position is similar toAccounting Manager, and should be paid within the same monthly salary range of $4,400 - $4,900.Submit your analysis in a two- to three-page paper formatted to proper APA 6th Edition specifications. Include a minimum of twoscholarly references to support your analysis.<strong>BUS 434 Week 3 DQs</strong>Week 3 DQ 1 Job Evaluation MethodsThere are two general types of job evaluation methods: those that investigate the job as a whole and those that investigate the job from a variety of components. Choosing one job evaluation method, examine how that method would be the preferable approach to attain comparable worth throughout the organization, and where it would not be the preferable approach. Respond to at least two of your classmates' postings.Week 3 DQ 2 Survey PreparationSurveys are an important tool to assess the competitive forces in the marketplace regarding pay practices. The most critical step in the survey process is obtaining the proper job match. For an organization you are familiar with, identify a position that would be the match to utilize in your survey, including a brief discussion on the limitations of using this position to determine your organization's overall salary competitiveness in the market. Respond to at least two of your classmates' postings.<strong>BUS 434 Week 3 Quiz</strong>1. Question : The term “going rate” implies that there isa standard rate for a job in a communitya rate of pay that eliminates discriminatory actionsunion contract established rates of paysingle rate of pay for which employees will work2. Question : In the following array of data, which value is the 9th decile?3 8 13 204 8 15 245 9 15 25 5 10 17 287 12 18 29202425283. Question : Many specialists who make extensive use of survey data believe that _______ values provide valuable information for establishing minimum and maximum pay values for a job or a grade.first and second quartilefirst and third quartilesecond and third quartilefirst and fourth quartile4. Question : The optimal number of pay grades to be included within a pay structure is1025 to 3018there is no right number5. Question : The term “sore thumbing” when applied to the job evaluation process relates tophysical problems related to the joba rating that appears to be inappropriatea profile that is too higha very low rating score6. Question : The spread of a range within a pay grade will normally vary anywhere from _____ to _____ percent on either side of the midpoint of a pay scale.5-4010-5050-10025-757. Question : A compensation scatter diagram plots the points or dots on a chart where each point represents awage gradejob rate of payclass levelpoint of central tendency8. Question : Which one of the following statements best describes compensable factors?statements that define the specific attributes of a particular job more preciselyrelatively abstract and complex qualities and features that relate to all kinds of jobsskills used in solving growing related problems in jobsphysical working conditions surrounding a job9. Question : Relatively new or different jobs in which demand far exceeds the supply of qualified applicants are known askey jobsexotic jobshigh-tech jobsbenchmark jobs10. Question : Which of the following job evaluation systems is the easiest to implement but potentially the most discriminating?rankingmarket guidelinepoint factorsclassification<strong>BUS 434 Week 4 DQs</strong>Week 4 DQ 1 Performance StandardsDescribe the relevance of performance standards for today's knowledge-directed workers, and how their use will result in a more competitive compensation and benefit strategy. Respond to at least two of your classmates' postings.Week 4 DQ 2 Performance IncentivesCompare and contrast when it would be preferable to motivate employee performance through short-term incentives versus long-term incentives, and vice-versa. Respond to at least two of your classmates' postings.<strong>BUS 434 Week 4 Quiz</strong>1. Question : The National Association of Suggestion Systems claims that a dollar spent in rewarding suggestions will return ______ dollars in improved operations to the organization.$1$250$5$152. Question : The size of a bonus received by an operating manager will quite often be determined by all but which one of the following criteria?work unit reduction in costperformance rating of manager's subordinatesemployee's own performance ratingarea of functional responsibility3. Question : Which of the following statements is least descriptive of why many suggestion plans have failed?employee apathyfailure to recognize contributionsmanagement lacks interestunion members block suggestions through committee action4. Question : Which one of the following is not a benefit to the employer when offering an ESOP?maintains a stable work forceowner can sell stock to a friendresults in a dilution of value of the stockESOT can borrow money under favorable conditions5. Question : In contrast to compensation systems in the private sector, those for government employees are less likely to include use ofwage surveysjob descriptionsjob evaluationfinancial incentives6. Question : Which one of the following statements is not true regarding a defined contribution plan?most pension plans are defined contribution planscrucial to a defined contribution plan are investment and management skillsemployers assume the investment riskmost plans have less than 100 participants7. Question : Which of the following is not true about a well-designed incentive scheme?it should reflect the desire of the business to recognize performanceit should be limited to individual effortsit should assist in coordinating the efforts of all employeesit should demonstrate the ability of the business to reward performance at all levels8. Question : All but which one of the following theories are included within content theories of motivation?Maslow's hierarchical needsHerzberg's two-factor theoryMcClelland's four modes of successAdams' equity theory9. Question : Employees of the federal government are eligible forpatent awardsoutstanding contributor awardspecial achievement awardperfect attendance award10. Question : Which section of the Internal Revenue Code defines rights and opportunities for long-term compensation programs?125401520717<strong>BUS 434 Week 5 DQs</strong>Week 5 DQ 1 Executive CompensationThe growing compensation inequity between executive management and the average employee threatens to destabilize organizational morale and societal justice.Week 5 DQ 2 Benefit PackagesToday's globally competitive business environment has caused many U.S. businesses to reduce the value of their employee benefit packages. Examine how an organization can maintain its costly benefit structure while remaining competitive against countries whose companies do not offer such benefits. Respond to at least two of your classmates' postings.<strong>BUS 434 Week 5 Final Paper</strong>Attracting and retaining the most talented employees is essential for long-term organizational success. An important component to attracting and retaining such employees is the design and implementation of an effective compensation and benefit system.In the final project, you are to assume the role of a highly regarded human resource consultant hired to review, analyze, and revise the compensation and benefit system utilized by your city’s largest employer, Holland Enterprises. The firm employs 3,500 employees, but since 2007 has lost 25% of its staff. Exit interviews indicate the primary reason a majority of these employees have resigned is because of a compensation and benefit system that is perceived to be unfair and uncompetitive in the marketplace.Focus of the Final PaperSpecifically, in your role as a consultant for this organization, complete a 6-8 page Final Paper on the following:Discuss how an effective compensation and benefit system contributes to organizational effectiveness.Discuss the principle components of a typical compensation and benefit system for a large-scale organization. At a minimum, your compensation and benefit system would include a discussion on:Compensation and benefit philosophyPay structure architecture (pay grades, pay ranges, and pay width)Ratio of base pay to incentive (bonus) payEmphases on external equity or internal equityPrinciple type of benefits to include (example: deferred compensation match, health insurance, vacation and sick leave, etc.)Finally, present your strategy to convince the already skeptical top managers of this organization to increase their compensation and benefit expenses.Writing the Final PaperThe Final Paper:Must be six to eight double-spaced pages in length and formatted according to APA style as outlined in the approved APA style guide.Must include a cover page that includes:Student’s nameCourse name and numberTitle of paperInstructor’s nameDate submittedMust include an introductory paragraph with a succinct thesis statement.Must address the topic of the paper with critical thought.Must conclude with a restatement of the thesis and a conclusion paragraph.Must use APA style as outlined in the approved APA style guide to document all sources.Must include, on the final page, a Reference Page that is completed according to APA style as outlined in the approved APA style guide.Carefully review the Grading Rubric for the criteria that will be used to evaluate your assignment.
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