HRM 5055 Week 4 | Assignment Help | Capella University
- capella-university / HRM 5055
- 24 Apr 2021
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- Management Assignment Help / Human Resource management Assignment help
HRM 5055 Week 4 | Assignment Help | Capella University
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HRM 5055 Week 4 Assignment 1
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Assignment
Overview
This week, you will start to put it all together. You will focus on
three areas that will make up key components of your project—building
consistency, being competitive, and recognizing employee contributions.
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What
You Need to Know
The following resources will provide essential background for the
assignment.
Job Structure and Compensation
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Martocchio, J. J. (2020). Strategic compensation: A human
resource management approach (10th ed.). Boston, MA: Pearson.
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Read Chapter 6, "Building Internally Consistent Compensation
Systems," pages 130–150.
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This chapter highlights job analysis and job evaluation.
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Read Chapter 7, "Building Market-Competitive Compensation
Systems," pages 156–174.
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This chapter describes how to integrate internal job structures with
market rates in order to be externally competitive.
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Read Chapter 8, "Building Pay Structures That Recognize Employee
Contributions," pages 181–202.
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This chapter examines person-focused compensation plans.
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Read Chapter 11, "Compensating Executives," pages 263–284.
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This chapter describes the issues and challenges concerning executive
compensation plans.
Efrat, Z., & Halliday, K. (2017). Fit-for-purpose pay structures. Governance
Directions, 69(5), 262–263.
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This article looks at how pay structures affect workplace culture.
CapraTek
The assignment is based on information in the simulation.
CapraTek: Job Structures and Compensation.
o Examine the
strategic and tactical decisions that need to be considered, as well as the
various contextual influences.
Assignment Instructions
HR CHALLENGE: INTERNALLY CONSISTENT AND EXTERNALLY COMPETITIVE
Introduction
As a newly hired compensation
specialist, your first assignment is to design an internally consistent
and externally competitive compensation system for CapraTek. Choose one
specific job structure on which to conduct your analysis (administrative, R
& D, sales, marketing, production). Review the assignment instructions and
what research is required to successfully complete the task. First, focus on
consistency for your system, which will include job analysis and job
evaluation. Second, review how to create a competitive package that includes
surveying the market. Finally, consider how to design a pay structure and
evaluate various approaches, focusing on an overarching strategic approach.
Instructions
Use CapraTek's division structure, as well as online research, to
analyze and create an overview of an internally consistent and externally
competitive compensation system for CapraTek.
The deliverable for this assignment is a 4–5 page proposal of an internally
consistent and externally competitive compensation system for CapraTek. Using
CapraTek's division structure, as well as online research, analyze and create
an overview of an internally consistent and externally competitive compensation
system for CapraTek. The specific pay structure and benefit structure will be
further developed in Weeks 6 and 8, respectively. Structure your proposal with
the following headings:
Job Analysis and Job Evaluation
Conduct a job analysis and job evaluation for CapraTek to ensure
internal consistency.
Analyze jobs and job classifications to understand how they work
together and evaluate the effect of job classification systems on compensation.
Strategic Analysis
Conduct a strategic analysis, including internal and external
considerations.
Market Compensation Survey Action
Plan
Construct an action plan with recommendations for a market compensation
survey. (You do not need to conduct a survey.)
Conclusion
Develop an overview of an internally consistent and externally
competitive compensation system for CapraTek.
Validate your strategy as to why it is or is not an internally
consistent and externally competitive compensation system.
Note: Your instructor may also use
the Writing Feedback Tool to provide
feedback on your writing. In the tool, click the linked resources for helpful writing
information.
ePortfolio
You should consider adding this
assessment to your personal ePortfolio. This assessment demonstrates your
ability to share a design for a compensation system that is consistent
internally and externally competitive. This skill is necessary in a
professional setting when you are trying to make strategic
recommendations. You will want to organize your assessments to easily support
future reflection and completion of your HRM capstone project as well as for
showcasing your knowledge with employers after graduation. For more information
on ePortfolio, visit the Campus ePortfolio page.
Assignment Requirements
The deliverable for this assignment applies professional skills in
HRM to workplace situations that you will likely encounter in your
day-to-day work in HRM. As part of your learning, focus on the development
of effective professional communication skills for the workplace.
Length: Your 4–5 page proposal should be typed, double-spaced pages,
including the resource page.
Organization: Make sure that your assignment writing is well organized,
using headings and subheadings to organize content for the reader.
Font and font size: Times New Roman, 12-point.
Resources: Use two scholarly peer-reviewed or academic sources.
Evidence: Support your assertions with data and/or in-text citations and
create a reference list at the end of your documents.
APA formatting: Resources and in-text citations are formatted according
to current APA Style and Format.
Written communication:
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Use spell-check and other tools to ensure correct spelling and
grammar.
o Write for a
specific audience, using the vernacular of the profession.
USA 
India