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Organizational Objectives and Total Compensation in Different Markets HRM 324 WEEK 1
Unsure of legal obligations in designing a total compensation plan, a client has asked you, as a human resources consultant, to explain how certain laws and regulations affect total compensation in their organization. The client’s organization employs 200 people, is a federal contractor, and operates in the biotech industry.
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Write My Essay For MeWrite a 350- to 700-word paper (in third person voice) providing examples of laws and regulations influencing total compensation.
Analyze similarities and differences in total compensation between this organization and other organizations in different external markets.
Discuss at least two examples that illustrate such similarities and differences.
Format your paper consistent with APA guidelines.
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Organizational Objectives and Total Compensation in Different Markets HRM 324 WEEK 1
Write a 700- to 1,050-word paper (in third person voice), in which you design a total compensation plan for an organization focused on internal equity and a total compensation plan for an organization focused on external equity.
Identify advantages and disadvantages of internal and external equity for the organizations.
Explain how each plan supports that organization’s total compensation objectives and the relationship of the organization’s financial situation to its plan.
Format your paper consistent with APA guidelines.
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Create a Microsoft® PowerPoint® presentation outlining performance-based total compensation plans for two organizations. The organizations must be in different industries, have different employee groups, and utilize different pay strategies.
Describe the pay strategies being used. Because the organizations have different employee groups, the key objectives for each group should be different. Address how pay is used to drive organizational objectives. Include whether or not unions have a role in any of the pay strategies.
Assess direct and indirect rewards plans available to two types of employee positions. What total reward plans are offered? What similarities and differences exist among the plans? How well does each organization’s reward plan support expectations? Which organization has better aligned pay and rewards with key objectives?
Create 10 to 15 slides for the presentation, including an introduction, a conclusion slide, and a references slide. Include brief speaker’s notes, and use at least three APA-formatted sources.
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Watch the video in Chapter 5 titled “UPS: Union Management.”
At the end of the video, you are posed with the question: What can you do as HR Director?
Write a 700- to 1,050-word paper (in the third person voice) that addresses the question and issues presented in the video.
Demonstrate critical thinking skills while developing resolutions that effectively plan out what can be done.
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You are employed in a newly formed organization with 150 employees. Management has asked you, as an HR benefits specialist, to provide them with a proposal that describes two to three retirement plans that could be offered. In the proposal, you must identify specific requirements of the Employee Retirement Income Security Act of 1974 the organization would need to fulfill.
In addition to the proposal, management has asked you to design a communication plan that encourages employee participation for one of the proposed retirement plans.
Design a retirement plan proposal and communication plan of 1,400 to 1,750 words (written in the third person voice). In the communication plan, include components that encourage maximum participation from all generations of employees in the retirement plan.
Address the following issues:
- How will the information be communicated to employees and in what formats?
- How often will the information be communicated to employees?
- What tools or methods will be used to communicate the plan?
- What strategies will be used to overcome resistance to participation?
- How will the enrollment process be initially kicked off?
- How will the plan be communicated to make it attractive?
Format your assignment consistent with APA guidelines. Click the Assignment Files tab to submit your assignment.
Design a 1,750- to 2,450-word total compensation plan (written in the third person voice) for an imaginary competitor of Google, Walmart, General Motors, UPS, or Merck. Your plan should address the following details:
- How your plan supports key objectives
- An evaluation of current trends and issues in total compensation and a prediction of future trends
- Internal and external equity
- A wage management process and rationale
- A retirement plan and how participation will be driven
- The influence of the organization’s financial condition on the total compensation plan
- How your plan will be communicated to leadership and employees
Format your paper consistent with APA guidelines.
Create a Microsoft® PowerPoint® presentation of 12 to 15 slides that outlines the plan’s key components, and its stated requirements and objectives. Include an introduction, a conclusion slide, and a references slide as well as brief speaker’s notes. Use at least five APA-formatted sources.
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Prepare a summary of no more than 350 to 700 words in APA format of the four or five things you took from this course to use in an interview or discussion with a professional on the career-relevant skills gained from this five weeks of learning.
Explain these skills briefly as if you were given only a limited amount of time to be considered for an entry-level HRM position.
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