Compensation Practice
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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.
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