Examine the influences on and various approaches to compensation.

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Assignment 4: Recognizing Employee Contributions

Due Week 10 and worth 300 points

You are the HR manager of a relatively new retail company that has both retail stores and Internet sales.  Your company is steadily growing in revenue and profitability. The company realizes that in order to retain the solid, highly productive workforce it currently has in place, it is important to enhance the base compensation and benefits package offered to the employees. The company currently offers a basic compensation program and only federally mandated benefits. Employee surveys suggest the compensation and benefits program may be out of date. Employees are beginning to consider leaving the organization.

Write a six to eight (6-8) page paper in which you:

  1. Propose two (2) methods an HR professional could use to determine incentive pay. Specify the principal manner in which the proposed methods take into consideration individual, group, and company performance. Justify your response.
  2. Examine the core legal requirements affecting employee benefits in today’s competitive environment. Determine the legally mandated benefits that the company must currently offer to its employees.
  3. Recommend at least four (4) additional benefits that the organization should consider providing to its employees. Suggest at least three (3) important concepts that a company must consider when designing benefit plans. Provide a rationale for your response.
  4. Assess the efficiency of common techniques for effectively communicating compensation and benefit plans to employees. Support your answer.
  5. Suggest two (2) ethical risks of making incentive pay a large portion of employees’ total compensation. Propose two (2) recommendations for ways the company might mitigate or reduce these risks.
  6. Use at least four (4) quality academic (peer-reviewed) resources in this assignment. Note: Wikipedia and other Websites do not qualify as academic resources.

Your assignment must follow these formatting requirements:

  • Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.
  • Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.

The specific course learning outcomes associated with this assignment are:

  • Examine the influences on and various approaches to compensation.
  • Analyze issues related to developing and implementing employee benefit packages.
  • Apply relevant theories and knowledge to human resource practices in organizations.
  • Use technology and information resources to research issues in human resource management foundations.
  • Write clearly and concisely about human resource management foundations using proper writing mechanics.

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

Points: 300 Assignment 4: Recognizing Employee Contributions
Criteria Unacceptable

Below 70% F

Fair

70-79% C

Proficient

80-89% B

Exemplary

90-100% A

1. Propose two (2) methods an HR professional could use to determine incentive pay. Specify the principal manner in which the proposed methods take into consideration individual, group, and company performance. Justify your response.

Weight: 20%

Did not submit or incompletely proposed two (2) methods an HR professional could use to determine incentive pay. Did not submit or incompletely specified the principal manner in which the proposed methods take into consideration individual, group, and company performance. Did not submit or incompletely justified your response. Partially proposed two (2) methods an HR professional could use to determine incentive pay. Partially specified the principal manner in which the proposed methods take into consideration individual, group, and company performance. Partially justified your response. Satisfactorily proposed two (2) methods an HR professional could use to determine incentive pay. Satisfactorily specified the principal manner in which the proposed methods take into consideration individual, group, and company performance. Satisfactorily justified your response. Thoroughly proposed two (2) methods an HR professional could use to determine incentive pay. Thoroughly specified the principal manner in which the proposed methods take into consideration individual, group, and company performance. Thoroughly justified your response.
2. Examine the core legal requirements affecting employee benefits in today’s competitive environment. Determine the legally mandated benefits that the company must currently offer to its employees.

Weight: 15%

Did not submit or incompletely examined the core legal requirements affecting employee benefits in today’s competitive environment. Did not submit or incompletely determined the legally mandated benefits that the company must currently offer to its employees. Partially examined the core legal requirements affecting employee benefits in today’s competitive environment. Partially determined the legally mandated benefits that the company must currently offer to its employees. Satisfactorily examined the core legal requirements affecting employee benefits in today’s competitive environment. Partially determined the legally mandated benefits that the company must currently offer to its employees. Thoroughly examined the core legal requirements affecting employee benefits in today’s competitive environment. Thoroughly determined the legally mandated benefits that the company must currently offer to its employees.
3. Recommend at least four (4) additional benefits that the organization should consider providing to its employees. Suggest at least three (3) important concepts that a company must consider when designing benefit plans. Provide a rationale for your response.

Weight: 20%

Did not submit or incompletely recommended at least four (4) additional benefits that the organization should consider providing to its employees. Did not submit or incompletely suggested at least three (3) important concepts that a company must consider when designing benefit plans. Did not submit or incompletely provided a rationale for your response. Partially recommended at least four (4) additional benefits that the organization should consider providing to its employees. Partially suggested at least three (3) important concepts that a company must consider when designing benefit plans. Partially provided a rationale for your response. Satisfactorily recommended at least four (4) additional benefits that the organization should consider providing to its employees. Satisfactorily suggested at least three (3) important concepts that a company must consider when designing benefit plans. Satisfactorily provided a rationale for your response. Thoroughly recommended at least four (4) additional benefits that the organization should consider providing to its employees. Thoroughly suggested at least three (3) important concepts that a company must consider when designing benefit plans. Thoroughly provided a rationale for your response.
4. Assess the efficiency of common techniques for effectively communicating compensation and benefit plans to employees. Support your answer.

Weight: 15%

Did not submit or incompletely assessed the efficiency of common techniques for effectively communicating compensation and benefit plans to employees. Did not submit or incompletely supported your answer. Partially assessed the efficiency of common techniques for effectively communicating compensation and benefit plans to employees. Partially supported your answer. Satisfactorily assessed the efficiency of common techniques for effectively communicating compensation and benefit plans to employees. Satisfactorily supported your answer. Thoroughly assessed the efficiency of common techniques for effectively communicating compensation and benefit plans to employees. Thoroughly supported your answer.
5. Suggest two (2) ethical risks of making incentive pay a large portion of employees’ total compensation. Propose two (2) recommendations for ways the company might mitigate or reduce these risks.

Weight: 15%

Did not submit or incompletely suggested two (2) ethical risks of making incentive pay a large portion of employees’ total compensation. Did not submit or incompletely proposed two (2) recommendations for ways the company might mitigate or reduce these risks. Partially suggested two (2) ethical risks of making incentive pay a large portion of employees’ total compensation. Partially proposed two (2) recommendations for ways the company might mitigate or reduce these risks. Satisfactorily suggested two (2) ethical risks of making incentive pay a large portion of employees’ total compensation. Satisfactorily proposed two (2) recommendations for ways the company might mitigate or reduce these risks. Thoroughly suggested two (2) ethical risks of making incentive pay a large portion of employees’ total compensation. Thoroughly proposed two (2) recommendations for ways the company might mitigate or reduce these risks.
6. 4 references

Weight: 5%

No references provided Does not meet the required number of references; some or all references poor quality choices. Meets number of required references; all references high quality choices. Exceeds number of required references; all references high quality choices.
7. Clarity, writing mechanics, and formatting requirements

Weight: 10%

More than 6 errors present 5-6 errors present 3-4 errors present 0-2 errors prese
Type of paper Academic level Subject area
Number of pages Paper urgency Cost per page:
 Total:

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