GM 565 Week 1 Discussion

GM 565 Week 1 Discussion | Franklin Pierce University | Assignment Help 

1.2 Discussion

Defining A Compensation Strategy

Please post your first response by end of day Wednesday.

Reminder: The purpose of these threaded discussions is to encourage you to share your professional and personal experiences. 

You are expected to post your response to the weekly discussion(s) posted by the instructor and then post a reply to at  least two other classmate’s comments by 12:00 midnight EST, on the due date noted in the schedule to receive a grade of 2.8 out of a possible 3.0 for that week.  Additional responses will not only improve your class participation grade to 3.0 out of 3.0, but will also generate additional class discussions which could enhance the learning experience.

Your responses should be more than "I agree" or "I disagree". They should be supported with complimentary information or good rebuttals, which give substance to your comments.

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          a. List all components of total compensation (salary and benefits) you receive from your employer. 

Compare your listing with someone else's listing and discuss the differences and/or similarities.

 For example, my organization provides bonuses to all employees like may other organizations do. However, my organization not provide merit pay. This compensation strategy does not incent or reward team performance. This is a problem because team collaboration and performance is a core element of our corporate strategy. 

        b. Using The Pay Model (Exhibit 1.5 below)

             1. What do you think are the Compensation Objectives in your organization?

             2. What specific changes do you suggest to better align the compensation objectives to the organizational strategy ?  

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