Assignment 1: Compensation Practice

Assignment 1: Compensation Practice

 

Use the Internet or the Strayer Library to research a publicly traded company for which you would like to work.

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

1. Briefly describe the company you researched, its compensation strategy, best practices they are applying, and compensation-related challenges they are facing.
2. Analyze how your company applies compensation practice to determine the positive or negative impact to the company and its stakeholders.
3. Examine the ways in which laws, labor unions, and market factors impact the company’s compensation practices. Provide specific examples to support your response.
4. Evaluate the effectiveness of traditional bases for pay at the company you researched.
5. Use at least three (3) quality references. Note: Wikipedia and other Websites do not qualify as academic resources.

 

Your assignment must follow these formatting requirements:

• Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; 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:

• Analyze how compensation practice can be applied to positively impact an organization and its stakeholders.
• Examine the ways in which laws, labor unions, and market factors impact companies’ compensation practices.
• Evaluate the effectiveness of traditional bases for pay (seniority and merit) against incentive-based and person-focused compensation approaches.
• Use technology and information resources to research issues in compensation management.
• Write clearly and concisely about compensation management using proper writing mechanics.

 

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

Points: 250	Assignment 1: Compensation Practice
Criteria	Unacceptable Below 60% F	Meets Minimum Expectations 60-69% D	Fair 70-79% C	Proficient 80-89% B	Exemplary 90-100% A
1. Briefly describe the company you researched, its compensation strategy, best practices they are applying, and compensation-related challenges they are facing. Weight: 10%	Did not submit or incompletely described the company you researched, its compensation strategy, best practices they are applying, and compensation-related challenges they are facing.	Insufficiently described the company you researched, its compensation strategy, best practices they are applying, and compensation-related challenges they are facing.	Partially described the company you researched, its compensation strategy, best practices they are applying, and compensation-related challenges they are facing.	Satisfactorily described the company you researched, its compensation strategy, best practices they are applying, and compensation-related challenges they are facing.	Thoroughly described the company you researched, its compensation strategy, best practices they are applying, and compensation-related challenges they are facing.
2. Analyze how your company applies compensation practice to determine the positive or negative impact to the company and its stakeholders. Weight: 25%	Did not submit or incompletely analyzed how your company applies compensation practice to determine the positive or negative impact to the company and its stakeholders.	Insufficiently analyzed how your company applies compensation practice to determine the positive or negative impact to the company and its stakeholders.	Partially analyzed how your company applies compensation practice to determine the positive or negative impact to the company and its stakeholders.	Satisfactorily analyzed how your company applies compensation practice to determine the positive or negative impact to the company and its stakeholders.	Thoroughly analyzed how your company applies compensation practice to determine the positive or negative impact to the company and its stakeholders.
3. Examine the ways in which laws, labor unions, and market factors impact the company’s compensation practices. Provide specific examples to support your response. Weight: 25%	Did not submit or incompletely examined the ways in which laws, labor unions, and market factors impact the company’s compensation practices. Did not submit or incompletely provided specific examples to support your response.	Insufficiently examined the ways in which laws, labor unions, and market factors impact the company’s compensation practices. Insufficiently provided specific examples to support your response.	Partially examined the ways in which laws, labor unions, and market factors impact the company’s compensation practices. Partially provided specific examples to support your response.	Satisfactorily examined the ways in which laws, labor unions, and market factors impact the company’s compensation practices. Satisfactorily provided specific examples to support your response.	Thoroughly examined the ways in which laws, labor unions, and market factors impact the company’s compensation practices. Thoroughly provided specific examples to support your response.
4. Evaluate the effectiveness of traditional bases for pay at the company you researched. Weight: 25%	Did not submit or incompletely evaluated the effectiveness of traditional bases for pay at the company you researched.	Insufficiently evaluated the effectiveness of traditional bases for pay at the company you researched.	Partially evaluated the effectiveness of traditional bases for pay at the company you researched.	Satisfactorily evaluated the effectiveness of traditional bases for pay at the company you researched.	Thoroughly evaluated the effectiveness of traditional bases for pay at the company you researched.
5. 3 references Weight: 5%	No references provided	Does not meet the required number of references; all references poor quality choices.	Does not meet the required number of references; some references poor quality choices.	Meets number of required references; all references high quality choices.	Exceeds number of required references; all references high quality choices.
6. Clarity, writing mechanics, and formatting requirements Weight: 10%	More than 8 errors present	7-8 errors present	5-6 errors present	3-4 errors present	0-2 errors present