HRM307–Compensation&Benefits CaseStudy3
Due Date: 11:59 pm EST, Sunday of Unit 7
Points: 100
Overview:
To understand how to design a comprehensive compensation strategy, you will apply your learning to the selected case study.
Instructions:
Continue using the same company from Case Study 1 and 2 analysis.
- Record your name, the date, and the company name you have chosen for your case study on the title page of your paper.
Take time to read and review Chapters 9-13 to answer these questions.
Answer the following questions for the case study you have chosen. Read all aspects of your case study carefully. Please make sure you address each question thoroughly and clearly. Each question should be at least 2-3 paragraphs to illustrate your understanding. Review the grading rubric before writing your paper.
Review the answers you have already provided to each of your assignments for your case study. Consider how you answered the questions regarding your business strategy, your compensation objectives, your company’s values, the factors that shape your company’s external competitiveness, and your competitive pay policy, as well as your internal pay structure and hierarchy. You have essentially begun the process of designing your company’s total compensation policies.
With the information you have already built about your company, answer the following questions to complete your total rewards design:
- What behaviors do you want to reinforce in your company? Why are these behaviors important? How will you link behaviors to performance?
- What type of pay mix would you design for your company?
- Discuss base pay increases (merit, COLA, promotions) that would best fit your company. What (if any) would you implement and why (How will this
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improve performance)? What are the implications for the company and its ability to pay?
- Discuss individual variable pay incentives that would best fit your company. Be specific. What (if any) type would you implement and why (How will these incentives improve performance)?
- Discuss team incentives that would best fit your company. Be specific. What (if any) type would you implement and why (How will these incentives improve performance)?
- What type of performance appraisal would best fit your company and why?
- What benefits would be important to your employee population? What and how would you offer them and why?
- What other total rewards strategies would you like to implement in your company that have not been identified above that would best fit your unique organization?
Requirements:
- Submit a Word document in APA format (double spaced with references and APA in text citations).
- Maximum 6 pages in length, excluding the Title and Reference pages.
- At least two resources.
Be sure to read the criteria below by which your work will be evaluated before you write and again after you write.
Evaluation Rubric for Case Study 3
CRITERIA | Deficient | Needs Improvement | Proficient | Exemplary |
| 0 – 17 points | 18 – 23 points | 24 – 29 points | 30 points |
Relevance | Does not understand each question nor its relevance to the learning material | Generally, understands each question and its relevance to the learning material | Mostly understands each question and its relevance to the learning material | Completely understands each question and its relevance to the learning material |
Complete and Concise | Fails to answer each question thoroughly and concisely | Somewhat answers each question thoroughly and concisely | Mostly answers each question thoroughly and concisely | Thoroughly answers each question completely and concisely |
Support | Fails to provide relevant examples and/or sources supporting each answer | Generally, it provides relevant examples and/or sources supporting each answer | Mostly provides relevant examples and/or sources supporting each answer | Completely provides relevant examples and/or sources supporting each answer |
| 0 – 5 points | 6 – 7 points | 8 – 9 points | 10 points |
Clear and Professional Writing and APA Format | Errors impede professional presentation; guidelines not followed. | Significant errors that do not impede professional presentation. | Few errors that do not impede professional presentation. | Writing and format are clear, professional, APA compliant, and error-free. |
