Total Compensation in Different Markets

HRM 324 ENTIRE COURSE

HRM 324 Week 1 Individual Assignment Organizational Objectives and Total Compensation in Different Markets

Assume the role of a human resources (HR) consultant. Unsure of legal obligations in designing a total compensation plan, a client has asked you 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 a 350- to 700-word paper providing examples of laws and regulations influencing total compensation.
· Analyze similarities and differences in total compensation between this organization and other organizations in different markets.
· Provide at least two examples that illustrate such similarities and differences.
Format your paper consistent with APA guidelines.

HRM 324 Week 1 DQS

DQ 1

Explain the relationship an organization’s compensation plan should have with objectives. How well does your organization’s compensation plan support one or more of your company’s key objectives?

DQ 2

Which federal law has the greatest effect on your organization’s compensation plan? Provide an example that illustrates that effect.

HRM 324 Week 2 Individual Assignment Internal and External Equity Comparison

Resources: Assigned readings, ERRs, the Internet,and other resources
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· Write a 700- to 1,050-word paper, in which you identify a total compensation plan for an organization focused on internal equity, and a total compensation plan for an organization focused on external equity.
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· Identify advantages and disadvantages of internal and external equity for the organizations.
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· Explain how each plan supports that organization’s total compensation objective and the relationship of the organization’s financial situation to its plan.

Format your paper consistent with APA guidelines

HRM 324 Week 2 DQS

DQ 1
How is compensation related to an organization’s financial performance? How could compensation be affected if an organization is underperforming financially? How could compensation be affected if an organization is over-performing financially?

DQ 2

Is internal or external equity more important to your employer? Why?

HRM 324 Week 3 Learning Team Assignment Performance-Based Pay and Employee Rewards Presentation

Resources: Assigned readings, ERRs, the Internet, and other resources

Createa 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. In each organization, how is pay used to drive those objectives?

Compare direct and indirect rewards plans available to two types of employees. 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, in your opinion, better aligned pay and rewards with key objectives?

Create 10 to 15 slides for the presentation, including an introduction and a conclusion slide. Include speaker’s notes, and use at least three APA-formatted sources.

HRM 324 Week 3 DQS

DQ 1

Describe the most effective indirect compensation system you have experienced or read about. Why was it effective?

DQ 2

What components should be included in a total reward plan? What do you enjoy about the total reward plan you are enrolled in? What would you change? If you are not currently enrolled in a total reward plan, use an example from your past work history.

HRM 324 Week 4 Individual Assignment Retirement Plan Proposal and Communication Plan

You are an HR leader in a newly formed organization with 150 employees. Management has asked you 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.
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· Resources: Assigned readings, ERRs, the Internet, and other resources
·
Prepare a proposal and communication plan of 1,400 to 1,750 words. In your communication plan, include components that encourage participation in the retirement plan. Answer the following questions:

· How will you communicate information to employees?
· How often will you communicate information to employees?
· What tools or methods will you use to communicate the plan?
· How will you overcome resistance to participation?
· How will you get employees to enroll?
· How will you communicate the plan to make it attractive?

Format your assignment consistent with APA guidelines.

HRM 324 Week 4 Learning Team Assignment

Find an article on the University of Phoenix Library. Write a 200-250 word summary with the following information.
· Which objective of this week the article supports and how it supports the objective
· Why you agree or disagree with the author.
Include a properly formatted reference page with at least one reference

HRM 324 Week 4 DQS

DQ 1

What does ERISA regulate? What does it require of employers? What employers does ERISA regulate? How have you been personally affected by ERISA?

DQ 2

Provide an example of a well-designed communication plan that effectively increased employee participation in a retirement plan. What made the communication plan effective?

HRM 324 Week 5 Learning Team Assignment Total Compensation Plan

Resources: Assigned readings, Virtual Organization: Riordan Manufacturing, ERRs, the Internet, and other resources

Create a 1,750- to 2,450-word total compensation plan for Riordan Manufacturing. 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

Create a Microsoft® PowerPoint® presentation of 12 to 15 slides that outlines the plan’s key components, and its stated requirements and objectives.

Format your paper consistent with APA guidelines

HRM 324 Week 5 DQS

DQ 1

Describe compensation issues you feel are important in your organization. Why would you rank these above others?

DQ 2

Taking into consideration what you learned in this course, what would you change about the total compensation plan offered by your employer? The plan must support organizational objectives and satisfy employees. When discussing changes, think about how they will be seen through the eyes of finance, human resources, employees, and stakeholders.

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