COURSE PROJECT
\nCompensation & Benefits
\nHRM 430
\nFall 2022
\nI. INTRODUCTION
\nII. LEARNING OUTCOMES
\nIII. PROJECT FILES
\nIV. PROJECT SUMMARY (SCENARIO)
\nV. DELIVERABLES & PROJECT MANAGEMENT
\nVI. PLAGIARISM
\nVII. MARKING SCHEME
\nI. INTRODUCTION
\nEffective compensation systems achieve three key goals. They provide a firm internal
\nconsistency, market competitiveness, and a means for recognizing individual
\nachievement. An internally consistent compensation system clearly defines the relative
\nvalue of each job among all jobs within a company, providing an objective justification
\nfor their differences in pay. Market competitive pay systems allow firms to attract and
\nretain the best employees by setting pay levels consistent with a firm\u2019s competitive
\nstrategies. Finally, a compensation system which recognizes individual achievement Market competitive pay systems enable businesses to attract and retain the best employees by aligning pay levels with their competitive strategies. Finally, a compensation system that rewards individual accomplishment.<\/p>\n
By effectively rewarding key contributors, you can boost both employee morale and firm performance.
\ncan boost both employee morale and firm performance by effectively rewarding key
\ncontributors. This simulation (E-Sonic) project ( help with nursing paper writing from experts with MSN & DNP degrees) provides students a framework for
\ndeveloping a compensation system which achieves these goals through three distinct,
\nsequential sections.
\nMinimum size of the team members for this project ( help with nursing paper writing from experts with MSN & DNP degrees) is 3 and maximum
\nwould be 5.
\nII. LEARNING OUTCOMES
\nBy the end of this project ( help with nursing paper writing from experts with MSN & DNP degrees), students should be able to:
\n1. Lay the foundation for an internally consistent compensation system by creating job
\ndescriptions and job structures.
\n2. Build a point Assessment method for comparing jobs, and assigning relative values to
\nthe samples of company.
\n3. Determine appropriate pay-policy mixes, conduct a market pay survey, and create pay
\ngrades and ranges; preparing the company to effectively compete for talent in the
\nlabor-market.
\n4. Determine appropriate methods for recognizing the achievements of individual
\nemployees, calculate and distribute merit-pay increases across the employee
\npopulation, and make pay adjustments to specific employees based upon your
\ndesigned compensation system.
\nIII. PROJECT FILES
\nStudents are advised to consult relevant sources for their research activities.
\nThe project ( help with nursing paper writing from experts with MSN & DNP degrees) document will be uploaded on Moodle and students as a group (team
\nleader) will upload the deliverables into TurnItIn on the due date. Minimum size of
\nthe team members for this project ( help with nursing paper writing from experts with MSN & DNP degrees) is 3 and maximum would be 5.
\nIV. PROJECT SUMMARY
\nThis simulation (E-Sonic) project ( help with nursing paper writing from experts with MSN & DNP degrees) provides students a framework for developing
\na compensation system which achieves internal consistency, market
\ncompetitiveness, and a means for recognizing individual achievement.
\nProject Deliverable Part 1 (15%):
\nInternally consistent compensation system
\nEstablishing market-competitive pay rates
\nDue: Week 6
\nWord Limit: 2500 words
\nProject Deliverable Part 2 (15%):
\nRecognition of Employee Contribution
\nDue: Week 12
\nWord Limit: 1500 words
\nDescription of case scenario:
\nThis simulation teaches fundamentals of compensation system design. Acting as a recently
\nhired compensation consulting team, your student group will Help the bourgeoning online
\nmusic firm, e-sonic, to develop an internally consistent and market competitive compensation
\nsystem which recognizes the achievements of individual contributors. The following
\nintroduction offers a background and history of your new client in addition to a description of
\ne-sonic business objectives and a project ( help with nursing paper writing from experts with MSN & DNP degrees) outline.
\nSonic Records, a market leading recording studio and production house, has witnessed
\ndeclining demand for music CD\u2019s. Five years ago, Sonic experienced record-breaking
\nrevenues totaling over $15 billion. However, over the past few years, CD burning, international
\npiracy, and a shift in consumer preferences has reduced revenues by over 30%. A recent
\nmarket survey at universities across the nation (a key demographic for Sonic Records)
\nrevealed that over 80% of students had not purchased a CD in the last two years. Sonic
\nRecords, having experienced tremendous success in the recording and music distribution
\nindustry over the past 30 years, realized that the rules of the game were changing. No longer
\nwould music be distributed solely through the traditional retail store channel. Consumers
\ndesired instant delivery of music online and expected a selection of thousands of artists\u2019 work
\nat their fingertips. Further, consumers expected this music to be portable. Today\u2019s listeners
\ndidn\u2019t want to be constrained to the physical limitations of a CD. They wanted digital files that
\ncould be easily and legally transferred from computer to portable music player to home
\nreceiver interchangeably. Although downloads accounted for only 2% of music sales in 2004,
\nindustry analysts predicted a fundamental change in music delivery methods. Some estimated
\nthat up to 50% of all music sold might be delivered online in the next decade. Sonic executives
\nunderstood that their business model needed to adapt quickly, lest they be left behind by other
\nfirms who had correctly anticipated this market shift.
\nIn response, Sonic Records formed a subsidiary company named e-sonic. E-sonic would be
\nresponsible for creating an online music store capable of competing with established players
\nin the industry. Key executives from Sonic Records were chosen to lead the new company. E sonic\u2019s mission was to create the world\u2019s leading online music store; ensuring Sonic Records\u2019
\nprominence in the record industry\u2019s future. E-sonic\u2019s key business objective, as dictated by its
\nparent company Sonic Records, was to develop the world\u2019s leading online music portal.
\nRealizing the challenging task ahead of them, e-sonic executives had the foresight to
\nrecognize that despite their years of experience in the traditional recording business; outside
\nconsultants might offer them salient insights. Their new venture would require hiring
\nemployees in all business disciplines, especially those with the marketing and technical skills
\nnecessary to help establish e-sonic as the world\u2019s preeminent online music source. In addition,
\ne-sonic management understood well the importance of establishing a sound compensation
\nsystem right from the firm\u2019s inception. They knew that an internally equitable and market
\ncompetitive compensation strategy could help e-sonic achieve their business objectives, but
\nthey had no expertise in this area. In response, the e-sonic\u2019s management team has hired you
\nas their compensation consulting staff. Congratulations and good luck with your new client.
\nProject Outline
\nAs e-sonic compensation consultants, your project ( help with nursing paper writing from experts with MSN & DNP degrees) work will be divided into three distinct
\nsections preceded by an optional strategic analysis. Effective compensation systems achieve
\nthree key goals. Each section of the simulation addresses one of these objectives. First,
\neffective compensation systems provide a firm internal consistency. An internally consistent
\ncompensation system clearly defines the relative value of each job among all jobs in the
\ncompany, allowing a firm to objectively and legally justify differences in pay. In Section I, your
\nconsulting team will lay the foundation for an internally consistent compensation system by
\ncreating job descriptions and job structures, building a point Assessment method for comparing
\njobs, and assigning relative values to a sample of e-sonic positions. The second goal of a
\nsuccessful compensation system includes establishing market-competitive pay rates for an
\norganization. In Section II, your team will determine appropriate pay-policy mixes, conduct a
\nmarket pay survey, and create pay grades and ranges; allowing e-sonic to effectively compete
\nfor talent in the labor-market. Finally, in performance-based pay cultures, successful
\ncompensation systems recognize the contributions of individuals. In Section III, your
\ncompensation team will determine appropriate methods for recognizing the achievements of
\nindividual employees, calculate and distribute merit-pay increases across the employee
\npopulation, and make pay adjustments to specific employees based upon your designed e sonic compensation system.
\nV. DELIVERABLES & PROJECT MANAGEMENT
\nDeliverable Part 1 – Internally consistent compensation
\nsystem; Establishing market-competitive pay rates – Week
\n6 \u2013 15%
\nBy using the below titles, it is required to design an effective compensation system for e-sonic.
\nThe system should provide a firm internal consistency to the compensation system.
\nE-sonic has the following job titles:
\nDirector of
\nOperations
\nDirector of
\nSales Office Manager Engineering
\nDirector
\nManager of
\nBenefits
\nOperations
\nManager
\nSales
\nManager
\nExecutive
\nHelpant
\nEngineering
\nTeam Leader
\nBenefits
\nCounselor III
\nOperations
\nAnalyst
\nMarketing
\nManager
\nAdministrative
\nHelpant II Engineer Benefits
\nCounselor II
\nOperations
\nHelpant
\nSales and
\nMarketing
\nAnalyst
\nAdministrative
\nHelpant I
\nEngineering
\nTrainee
\nBenefits
\nCounselor I
\n1. Create Job Descriptions for ONLY 5 job titles from the above\u2014use O*NET,
\nprovide job summaries and firm specific information to conduct job analysis and
\ncreate job descriptions (task, knowledge, abilities, skills).
\n2. Create Job Structures (for all the above job titles)\u2014decide upon the most
\nappropriate job structures for classifying company positions and place jobs
\nwithin these structures. Each job structure contains positions grouped by
\nrelated job duties and lists these positions hierarchically by responsibility.
\n3. Build Point Assessment System for ONLY the 5selected job titles \u2014you can
\nfollow detailed instructions provided in Chapter 6 of Strategic Compensation to
\nconstruct their job Assessment system.
\ni. Select Benchmark Jobs
\nii. Choose Compensable Factors Based upon Benchmark Jobs
\niii. Define Factor Degree Statements
\niv. Determine Weights for Each Compensable Factor
\n4. Calculate Point Values for Each Job
\ni. Determine Point Values for Each Compensable Factor
\nii. Use Point Assessment Worksheet to Calculate Point Values for Each
\nPosition
\niii. Independently Rate Jobs
\niv. Resolve Any Discrepancies in Point Totals
\nv. Rank Jobs in Each Structure According to Their Values Determined
\nby the Point Assessment Method.
\nEstablishing market-competitive pay rates:
\nYour team will determine appropriate pay-policy mixes, conduct a market pay survey, and
\ncreate pay grades and ranges; allowing e-sonic to effectively compete for talent in the labor market.
\n1. Determine Appropriate Pay-Policy Mix (intrinsic and extrinsic)
\n2. Pay-Policy Level Decisions
\n3. Compensation Survey\u2014External Market Analysis
\na) Choose Competitors Based upon Industry, Size, and Union Status
\nb) Select Benchmark Jobs for Each Structure Using Benchmark Job Descriptions
\nc) Reconcile Differences Using Benchmark Job Comparison Sheet
\n4. Implementation of Salary Survey Results
\n5. Integrate External and Internal Structures by Creating Pay Grades and Ranges
\n6. Evaluate and Summarize Decisions Made for Each Job Structure
\nDeliverable part 2 \u2013 Recognition of Employee Contribution –
\nWeek 12 \u2013 15%
\nYour compensation team will determine appropriate methods for recognizing the
\nachievements of individual employees, calculate and distribute merit-pay increases across the
\nemployee population, and make pay adjustments to specific employees based upon your
\ndesigned e-sonic compensation system.
\n1. Decide upon an Appropriate Contributions Policy for Each E-sonic Job Structure
\n2. Adjust Employee Pay Based upon Hypothetical Pay Scenarios
\n3. Design a Merit-Pay System for E-sonic
\n4. Summarize Compensation Design Project
\nImportant Notes about Case Deliverables
\n1. There are two parts (deliverables) at the end of each of the three sections of the case.
\n2. You should refer to the AUM library databases as a source for your references.
\n3. Refer to the course calendar for the due dates of each deliverable.
\n4. This is a team-based assignment.
\n5. Each team is required to submit a project ( help with nursing paper writing from experts with MSN & DNP degrees) plan, project ( help with nursing paper writing from experts with MSN & DNP degrees) status report, a final report, and
\nbe involved in the discussion\/interview part of the project ( help with nursing paper writing from experts with MSN & DNP degrees).
\n6. Each team will be interviewed by the class instructor and members of other teams to
\nassess project ( help with nursing paper writing from experts with MSN & DNP degrees)\u2019s knowledge, participation, commitment, and achieved learning
\noutcomes.
\n7. The project ( help with nursing paper writing from experts with MSN & DNP degrees) worth 25% of the final grade of the course.
\nVI. PLAGIARISM
\nOne of the signs that the course material has been properly understood is honesty
\nwhen accomplishing the assignments. Lack of academic integrity (e.g. plagiarism,
\ncopying another person\u2019s work, the use of unauthorized aids on examinations,
\ncheating, facilitating acts of academic dishonesty by others) will not be tolerated.
\nTherefore, if students include ideas, sentences, or other material that are not theirs in
\ntheir work, they must properly quote the source(s). Students are encouraged to consult
\nwith the instructor if they have any questions on the issues of academic integrity or
\ntechnical formatting of the references.
\nUpon suspicion and doubt of the authenticity of the work submitted, the Instructor has
\nthe right to ask the student to verify her\/his work. This can be done through, but not
\nlimited to, repeating the work, oral examination or discussion, alternative or similar on
\nspot class assignment, pop quiz, or any other action deemed necessary. If the student
\nfails to prove the authenticity of the work, then the Instructor will apply the academic
\nmisconduct rules as mentioned in the AUM Student Handbook which may include
\nawarding the work a zero grade.
\nStudents are expected and encouraged to be honest and to maintain the highest
\nstandards of academic integrity in their academic work and assignments at the
\nUniversity. Any act of Academic Dishonesty may result in severe consequences for
\nviolations range from zero grades given for the assignments, failing the course, and
\nsuspension from the University. Students will refrain from any academic dishonesty or
\nmisconduct including, but not limited to:
\n\uf0b7 Plagiarism: the presentation of someone else\u2019s ideas, words, or artistic,
\nscientific, or technical work as one\u2019s own creation. Also, paraphrasing,
\nsummarizing, like direct quotation, is considered as plagiarism, if the original
\nsource is not properly cited.
\n\uf0b7 Cheating: is an act of lying, deception, trickery, imposture, or imposition.
\nCheating characteristically is employed to create an unfair advantage, usually
\nin one\u2019s own interest, and often at the expense of others. The person who is
\nsending or receiving Helpance is considered cheating.
\n\uf0b7 Helping in cheating
\n\uf0b7 Substituting for another student in the taking of an examination
\n\uf0b7 Substituting examination booklets\/papers
\n\uf0b7 Submitting the same work for more than one course
\n\uf0b7 Submitting papers and other work written by others
\n\uf0b7 Receiving or providing unauthorized help or Helpance in any academic work
\nor assignment
\n\uf0b7 Intentional violation of program and degree requirements and regulations as
\nestablished by the University
\n\uf0b7 Dishonest reporting of computational, statistical, experimental, and research
\nresults, or the like
\n\uf0b7 Using any format of smart or electronic devices as a tool of cheating
\nFor a detailed description of academic misconduct, please refer to the undergraduate
\nAUM Student Handbook.
\n\u2022 Copyrights
\nStudents are expected to adhere to copyright practices, refer to the undergraduate
\nAUM Student Handbook.
\nVII. MARKING SCHEME OF A DELIVERABLE
\nSample Grade distribution Percentage Due Date
\nProject Deliverable Part 1 15.00% Week 6
\nProject Deliverable Part 2 15.00% Week 12
\nPass mark (60%)
\n\uf0b7 Show marginal knowledge of concepts and applications of management.
\n\uf0b7 Able to apply some course content in practical situations.
\n\uf0b7 Occasionally active when urged.
\n\uf0b7 Poor writing skills.
\nC classification
\n\uf0b7 Show acceptable knowledge of concepts and applications of management.
\n\uf0b7 Able to apply course content in practical situations.
\n\uf0b7 Active when prompt, contribute to team work reactively.
\n\uf0b7 Acceptable writing skills.
\nB classification
\n\uf0b7 Show good knowledge of concepts and applications of management.
\n\uf0b7 Demonstrate good ability to apply course content in practical situations.
\n\uf0b7 Active, contribute to team work keenly.
\n\uf0b7 Good writing skills.
\nA classification
\n\uf0b7 Show excellent knowledge of concepts and applications of management.
\n\uf0b7 Demonstrate excellent ability to apply course content in practical situations
\n\uf0b7 Enthusiastic, contribute to team work proactively.
\n\uf0b7 Excellent writing skills.
\nMARKING SCHEME FOR PROJECT SUBMISSIONS
\nThese are additional, qualitative descriptions of the possible meanings of a mark range for the
\noverall mark on a typical piece of assessed work. These grade descriptions should not be
\nseen as either comprehensive or necessary for any one piece of work and there is no direct
\ncorrespondence with the feedback identified overleaf. These are the descriptors with
\nassessment regulations that stipulate a pass mark of 60% and are used where appropriate
\nwhen marking project ( help with nursing paper writing from experts with MSN & DNP degrees) report.
\nFAIL >60% PASS 60-79% DISTINCTION 80-100%
\nQuality of
\nargument
\nPoor or non-existent
\nargument. Reasoning unclear
\nthroughout and no justification
\ngiven to ideas and opinions
\noffered.
\nGood use of arguments to
\nsupport ideas and opinions.
\nReasoning clear throughout
\nVery good use of arguments.
\nReasoning clear, balanced and fair.
\nArgument very thorough &
\ncomprehensive (watertight)
\nUse of theory in
\nargument
\nNo theories referenced. Or
\nsome theories referenced but
\nwhich do not support
\nargument
\nGood use and justification in
\nselection of theories.
\nTheories used both to
\nsupport and\/or to explore
\nalternative arguments
\n+ Very good use and justification in
\nselection of theories. Use of theories
\ndemonstrates the ability to critically
\nevaluate and\/or demonstrate
\ninnovative use of theory
\nUse of case
\nstudy and other
\nexamples in
\nargument
\nNo use of case study and\/or
\nother examples. Or Some us
\nof case study and\/or other
\nexamples, but in a way which
\ndoes not support the argument
\nGood use of case study
\nand\/or examples used to
\nsupport, explore and justify
\nargument and\/or explore
\nalternative arguments
\n+ Some critical Assessment of case
\nstudy and\/or examples used.
\nDemonstrates ability to critically
\nevaluate and\/or demonstrate
\ninnovative use of case study and or
\nexamples
\nQuality of
\nConclusion
\nNo conclusion or a Conclusion
\nwhich does not attempt to
\nanswer question
\nA well-structured and
\nbalanced conclusion which
\naddresses the question with
\nsome development of
\noriginal ideas
\n+ Demonstrates development of
\noriginal models\/ theories
\nStructure &
\napproach
\nNo apparent structure or
\nconfusing writing style
\nA well written, clear and
\nconcise style, within the
\nword limit Approach
\nexplained\/ question refined
\nand justified
\n+ Structure\/ style used to emphasize
\nargument & conclusion. Approach
\nevaluated\/ validity of work discussed
\nwith reference to relevance of work to
\nbody of knowledge evaluated<\/p>\n","protected":false},"excerpt":{"rendered":"
COURSE PROJECT Compensation & Benefits HRM 430 Fall 2022 I. INTRODUCTION II. LEARNING OUTCOMES III. PROJECT FILES IV. PROJECT SUMMARY (SCENARIO) V. DELIVERABLES & PROJECT\u2026<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7695,1463,7667,7669,7684,7696,7683,7657,7663,7662,7685,7694,2751,7665,7664,1468,7666,7659,7660,7661,7658,1465],"tags":[642,618,8825,576,116,631,19,643,473,633,630,628,450,597,594,626,635,574,622,624,620,621,619,623,617,625,627,634,629,632,644,645,42,66],"class_list":["post-94010","post","type-post","status-publish","format-standard","hentry","category-assignment-essay-help","category-best-nursing-paper-writing-service","category-buy-bsn-nursing-papers-online","category-buy-dnp-nursing-papers-online","category-dream-assignment-help","category-essay-writing-service-help","category-go-assignment-help","category-healthcare-management-assignment-help-from-experts","category-help-my-assignment","category-ireland-assignment-help","category-my-assignment-help","category-my-essay-assignment-help","category-online-healthcare-assignment-help","category-online-nursing-essay","category-online-nursing-paper-writers","category-online-nursing-papers","category-online-public-healthcare-assignment-help","category-online-tutors-helps","category-sample-assignment","category-top-essay-writing","category-urgent-assignment-helper","category-write-my-nursing-paper","tag-apps-that-write-essays-for-you-free","tag-assignment-writing-services-in-usa","tag-bes","tag-best-dissertation-writing-services","tag-best-essay-writing-service","tag-best-paper-writing-services","tag-best-research-paper-writing-services-in-usa","tag-best-website-to-write-my-essay","tag-cheap-essay-writing-service","tag-cheap-research-paper-writing-service","tag-college-paper-writing-service","tag-dissertation-help-online","tag-dissertation-writing-services","tag-dissertation-writing-services-illegal","tag-dissertation-writing-services-near-me","tag-dissertation-writing-services-usa","tag-essay-writing-service","tag-free-dissertation-writing-services","tag-homework-essay-writer","tag-homework-essay-writer-free","tag-homework-help-global","tag-homework-help-services","tag-homework-help-usa","tag-homework-writing-help","tag-homework-writing-service","tag-legit-research-paper-writing-services","tag-legitimate-dissertation-writing-services","tag-research-paper-writer-online-free","tag-research-paper-writing-services-online","tag-research-paper-writing-websites","tag-write-my-essay-for-me-cheap","tag-write-my-essay-for-me-tik-tok","tag-write-my-essay-free","tag-write-my-paper"],"_links":{"self":[{"href":"https:\/\/www.studyproessays.com\/help\/wp-json\/wp\/v2\/posts\/94010","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.studyproessays.com\/help\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.studyproessays.com\/help\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.studyproessays.com\/help\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.studyproessays.com\/help\/wp-json\/wp\/v2\/comments?post=94010"}],"version-history":[{"count":0,"href":"https:\/\/www.studyproessays.com\/help\/wp-json\/wp\/v2\/posts\/94010\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.studyproessays.com\/help\/wp-json\/wp\/v2\/media?parent=94010"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.studyproessays.com\/help\/wp-json\/wp\/v2\/categories?post=94010"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.studyproessays.com\/help\/wp-json\/wp\/v2\/tags?post=94010"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}