BUS 434 Entire Course (NEW)
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BUS 434 Week 1 Discussion 1 Compensation Strategy BUS 434 Week 1 Discussion 2 Overview of Compensation & Benefits BUS 434 Week 2 Discussion 1 Employee Motivation BUS 434 Week 2 Discussion 2 Job Analysis BUS 434 Week 2 Exercise Job Description BUS 434 Week 3 Assignment Designing a Compensation Package (1750 words) BUS 434 Week 3 Discussion 1 Compensation Survey BUS 434 Week 3 Discussion 2 Attracting Talent Across the Generations BUS 434 Week 3 Exercise Job Evaluation BUS 434 Week 4 Discussion 1 Performance Standards BUS 434 Week 4 Discussion 2 Performance Incentives BUS 434 Week 4 Exercise The Flexible Workforce BUS 434 Week 5 Discussion 1 Executive Compensation BUS 434 Week 5 Discussion 2 Benefit Packages in a Global Business Environment BUS 434 Week 5 Final Paper Compensation & Benefit System Holland Enterprises (2 Papers) BUS 434 Week 1 Discussion 1 Compensation Strategy
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BUS 434 Week 1 Discussion 1 Compensation Strategy Select an organization with which you are familiar and describe the type of compensation strategy it uses. BUS 434 Week 1 Discussion 2 Overview of Compensation and Benefits
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BUS 434 Week 1 Discussion 2 Overview of Compensation & Benefits Compare and contrast compensation and benefits strategy of the ―people department‖ of Southwest Airlines to overall strategies of two other airlines. What distinguishes each approach from the others? What are the strengths and weaknesses of each? BUS 434 Week 1 Quiz (Ash Course)
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1. Question : All but which one of the following conditions will influence jobs and job-related opportunities in the future?
2. Question : Which of the following is a noncompensation benefit rather than a compensation benefit? 3. Question : An organization designs and implements a reward system to 4. Question : Claims on goods and services made available and paid for either totally or in some percentage by the employer are 5. Question : A company car, a company credit card, and subsidized food services are all examples of which one of the following forms of payment? 6. Question : The financial strength to own your own home normally begins with entry into the 7. Question : All but which one of the following assumptions are included within the model of perfect competition? 8. Question : Approximately what percentage of workers are unionized? 9. Question : Which one of the following is not considered as part of a compensation program? 10. Question : Which one of the following states has the highest level of personal income? BUS 434 Week 2 Discussion 1 Employee Motivation
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BUS 434 Week 2 Discussion 1 Employee Motivation Search the Internet for at least 3 companies in an industry in which you aspire to work. In a table, list the benefits these firms provide that are ―intrinsic‖ in nature. Explain your rationale based on the theories delineated in the course text. Evaluate why you think these benefits would attract the right talent to the organization. BUS 434 Week 2 Discussion 2 Job Analysis
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BUS 434 Week 2 Discussion 2 Job Analysis Examine what technique[s] you would use to conduct a job analysis on the job you described in the exercise for this week. BUS 434 Week 2 ExerciseJob Description
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BUS 434 Week 2 Exercise Job Description Create a Job Description for a position that you hope to be able to attain after completion of your degree. At a minimum, the job description should include the sections of 1.) Position Description; 2.) Duties and Responsibilities; and, 3.) Minimum Knowledge, Skills and Abilities. Share the job description in the exercise area. Evaluate the descriptions of at least two peers, citing at least two scholarly sources including the course text. BUS 434 Week 2 Quiz (Ash Course)
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1. Question : An organization's _____________ describes in broad or general value-laden terms what the organization wishes to accomplish in the long term—the kind of product it intends to provide and how it intends to provide it. 2. Question : Which one of the following jobs is not exempt from the minimum wage and overtime requirements outlined by the FLSA? 3. Question : The 1935 National Labor Relations Act 4. Question : The most common type of sales compensation plan is 5. Question : In which one of the following job analysis methods would it be the easiest for employees with poor writing skills to provide job content data? 6. Question : The Age Discrimination in Employment Act of 1967, as amended, prohibits discrimination on account of age against employees in what complete age range? 7. Question : Job specification questionnaires provide information on 8. Question : Combining groups of jobs for a particular organization into a specific class is accomplished based upon all of the following except 9. Question : ERISA is associated with which of the following deferred income plans? 10. Question : Establishing whether an employee is exempt from minimum wage and overtime requirements of the FLSA depends on BUS 434 Week 3 AssignmentDesigning a Compensation Package (1750 words)
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BUS 434 Week 3 Assignment Designing a Compensation Package Using the job description and evaluation method that you created for the exercises in weeks 2 & 3, and the feedback from peers, design a proposal for a competitive compensation package for the position, including the following elements: • Job description • Method of Job evaluation • Intrinsic and extrinsic benefits • Compensation package and rationale for same • How performance will be measured • Why the proposal you have created is appropriate for the market at this time. • Compensation strategy. The proposal should be formatted in accordance with APA, 6th edition, and the guidelines of the template provided at the Ashford Writing Center. It should be between 2000 – 2500 words in length excluding title page and references. Be sure to include at least 6 scholarly and/or popular sources, one of which must be the course text BUS 434 Week 3 Discussion 1Compensation Survey
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BUS 434 Week 3 Discussion 1 Compensation Survey According to our text, ―A compensation survey is a tool used to determine the typical incentives that are provided to employees across a specific job, industry, geographic
regions, etc. Data is collected from multiple employers and is analyzed to develop an understanding of the overall amount of compensation paid.‖ (Weathington, 2016, section 5.3, para. 1). Guided Response: Create a compensation survey for the job description you created in week 2. What did you learn about the salary range, competitive market, skills, experience, and occupational field? Explain in 200-300 words. Include at least one reference in addition to company websites and the course text. Respond to at least two classmates’ posts. BUS 434 Week 3 Discussion 2Attracting Talent Across the Generations
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BUS 434 Week 3 Discussion 2 Attracting Talent Across the Generations Reflect on what you have learned about the different generations in the workplace (Chapter 6). How is the modern workforce different from that of the past? What should employers consider about compensation and benefits for successful recruitment of talented Gen Xers and millennials? What do millennials need to consider to get the compensation and benefits package they want?
BUS 434 Week 3 ExerciseJob Evaluation
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BUS 434 Week 3 Exercise Job Evaluation Build a plan for evaluating the job description you created in Week Two. Share the plan in the exercise area. Evaluate the plans of at least two peers, citing at least two scholarly sources including the course text. BUS 434 Week 3 Quiz (Ash Course)
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1. Question : The term ―going rate‖ implies that there is 2. Question : In the following array of data, which value is the 9th decile? 3. Question : Many specialists who make extensive use of survey data believe that _______ values provide valuable information for establishing minimum and maximum pay values for a job or a grade. 4. Question : The optimal number of pay grades to be included within a pay structure is 5. Question : The term ―sore thumbing‖ when applied to the job evaluation process relates to 6. Question : The spread of a range within a pay grade will normally vary anywhere from _____ to _____ percent on either side of the midpoint of a pay scale. 7. Question : A compensation scatter diagram plots the points or dots on a chart where each point represents a 8. Question : Which one of the following statements best describes compensable factors? 9. Question : Relatively new or different jobs in which demand far exceeds the supply of qualified applicants are known as 10. Question : Which of the following job evaluation systems is the easiest to implement but potentially the most discriminating?
BUS 434 Week 4 Discussion 1Performance Standards
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BUS 434 Week 4 Discussion 1 Performance Standards Describe the relevance of performance standards for today’s knowledge-directed workers, and how their use will result in a more competitive compensation and benefit strategy. BUS 434 Week 4 Discussion 2Performance Incentives
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BUS 434 Week 4 Discussion 2
Performance Incentives
Compare and contrast when it would be preferable to motivate employee performance through short-term incentives versus long-term incentives, and vice-versa. BUS 434 Week 4 ExerciseThe Flexible Workforce
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BUS 434 Week 4 Exercise
The Flexible Workforce After viewing ―Lyft, Uber, and Sidecar‖ and the ―Eat With‖ videos, predict the problems that will continue to plague innovators in the flexible workforce. Use at least two sources in addition to the text to support your position. Respond to at least two classmates’ posts. BUS 434 Week 4 Quiz (Ash Course)
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1. Question : The National Association of Suggestion Systems claims that a dollar spent in rewarding suggestions will return ______ dollars in improved operations to the organization.
2. Question : The size of a bonus received by an operating manager will quite often be determined by all but which one of the following criteria? 3. Question : Which of the following statements is least descriptive of why many suggestion plans have failed? 4. Question : Which one of the following is not a benefit to the employer when offering an ESOP? 5. Question : In contrast to compensation systems in the private sector, those for government employees are less likely to include use of 6. Question : Which one of the following statements is not true regarding a defined contribution plan? 7. Question : Which of the following is not true about a well-designed incentive scheme? 8. Question : All but which one of the following theories are included within content theories of motivation? 9. Question : Employees of the federal government are eligible for 10. Question : Which section of the Internal Revenue Code defines rights and opportunities for long-term compensation programs?
BUS 434 Week 5 Discussion 1Executive Compensation
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BUS 434 Week 5 Discussion 1 Executive Compensation After reviewing the Coleman (2016) article on executive compensation and reading this week's assigned readings, choose one of two statements below and construct an argument supporting your position: a. The market trend towards escalating executive compensation reflects the critical importance of an executive to an organization’s long-term viability.
b. The growing compensation inequity between executive management and the average employee threatens to destabilize organizational morale and societal justice. BUS 434 Week 5 Discussion 2Benefit Packages in a Global Business Environment
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BUS 434 Week 5 Discussion 2 Benefit Packages in a Global Business Environment Today’s globally competitive business environment has caused many U.S. businesses to reduce the value of their employee benefit packages. Examine how an organization can maintain its costly benefit structure while remaining competitive against countries whose companies do not offer such benefits. BUS 434 Week 5 Final Paper Compensation & Benefit SystemHolland Enterprises (2 Papers)
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Attracting and retaining the most talented employees is essential for long-term organizational success. An important component to attracting and retaining such employees is the design and implementation of an effective compensation and benefit system. Assume the role of a highly regarded human resource consultant hired to review, analyze, and revise the compensation and benefit system utilized by your city’s largest employer, Holland Enterprises. The firm employs 3,500 employees, but since 2010 has lost 25% of its staff. Exit interviews indicate the primary reason a majority of these employees have resigned is because of a compensation and benefit system that is perceived to be unfair and uncompetitive in the marketplace. Present to the management a revised compensation and benefit strategy. Your proposal should include: • Description of how an effective compensation and benefit system contributes to organizational effectiveness. • Explanation of the principle components of your revised compensation and benefit system for a large-scale organization as well as a recommendation for each component. • Provision of a clear and convincing argument to the already skeptical top managers of this organization to increase their compensation and benefit expenses. At a minimum, your compensation and benefit system would include the following components: • Compensation and benefit philosophy • Pay structure architecture (pay grades, pay ranges, and pay width) • Ratio of base pay to incentive (bonus) pay • Emphases on external equity or internal equity • Principle type of benefits to include (example: deferred compensation match, health insurance, vacation and sick leave, etc.)