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BUS434Week1DQ1(EmployeeSatisfaction)
BUS434Week1DQ2(GlobalWageRates)
BUS434Week1Quiz
BUS434Week2DQ1(CompensationSystem)
BUS434Week2DQ2(JobDescriptions)
BUS434Week2Quiz
BUS434Week3DQ1(JobEvaluationMethods)
BUS434Week3DQ2(SurveyPreparation)
"Employeesatisfactionrelatesdirectlytoincomeobtainedfromworkperformedand
thelifestyleopportunitiesmadeavailabletotheworkersandtheirfamiliesfromthis
work-relatedincome."Elaborateonthelinkbetweenwork-relatedincomeand
employeesatisfactionintoday'sworkplace
WageratesintheUnitedStatesarehigherthansimilarlyskilledworkersinother
countriessuchasChina,MexicoandIndia.Consequently,manyU.S.businesses
haveoutsourcedtheirmanufacturingand
productionneedstotakeadvantageoftheselowerwagerates.Discusshow,working
collaboratively,thefederalgovernmentandU.S.businessescanmodifyemployee
compensationpackagestobecomemoregloballycompetitive.
Abasicpremiseofamarket-basedeconomyisthateachindividualhastheopportunity
througheducation,experience,hard,work,etc.toimprovehisorherjob
earningpotential.Asaresult,someemployeesmayenjoygreaterearningsthan
theircolleagues.Assesshowan
organizationcancreateafair,market-competitivecompensationsystemthatprovides
greaterrewardsforthosewhoearnit,yetisviewedasfairandequitablebythe
organization.
2 Quiz (Ash)
Themosteffectivecompensationstrategyisonethatdevelopsaclearlinkbetween:
Workthatanemployeeisexpectedtoperform(typicallydetailedinthejob
description);
Workthattheemployeeperformed(typicallydetailedinaperformanceevaluation);
and,finally,payprovidedtoeachemployee(typicallydeterminedthroughexternal
surveyandinternalequity).
Therearetwogeneraltypesofjobevaluationmethods:thosethatinvestigatethejobas
awholeandthosethatinvestigatethejobfromavarietyofcomponents.Choosing
onejobevaluationmethod,examinehowthatmethodwouldbethepreferable
approachtoattaincomparableworththroughouttheorganization,andwhereit
wouldnotbethepreferableapproach.
Surveysareanimportanttooltoassessthecompetitiveforcesinthemarketplace
regardingpaypractices.Themostcriticalstepinthesurveyprocessisobtainingthe
properjobmatch.Foranorganizationyouarefamiliarwith,identifyapositionthat
wouldbethematchtoutilizeinyoursurvey,includingabriefdiscussiononthe
limitationsofusingthispositiontodetermineyourorganization'soverallsalary
competitivenessinthemarket.
1.Question:Thetermgoingrateimpliesthatthereis
2.Question:Inthefollowingarrayofdata,whichvalueisthe9thdecile?
3.Question:Manyspecialistswhomakeextensiveuseofsurveydata
believethat_______valuesprovidevaluableinformationforestablishing
minimumandmaximumpayvaluesforajoboragrade.
4.Question:Theoptimalnumberofpaygradestobeincludedwithinapay
structureis
Describetherelevanceofperformancestandardsfortoday'sknowledge-directed
workers,andhowtheirusewillresultinamorecompetitivecompensationand
benefitstrategy.
ToCompareandcontrastwhenitwouldbepreferabletomotivateemployee
performancethroughshort-termincentivesversuslong-termincentives,andviceversa.
1.Question:TheNationalAssociationofSuggestionSystemsclaimsthata
dollarspentinrewardingsuggestions
willreturn______dollarsinimprovedoperationstotheorganization.
2.Question:Thesizeofabonusreceivedbyanoperatingmanagerwillquite
oftenbedeterminedbyallbutwhichoneofthefollowingcriteria?
3.Question:Whichofthefollowingstatementsisleastdescriptiveofwhy
manysuggestionplanshavefailed?
Today'sgloballycompetitivebusinessenvironmenthascausedmanyU.S.businesses
toreducethevalueoftheiremployeebenefitpackages.Examinehowan
organizationcanmaintainitscostlybenefitstructurewhileremainingcompetitive
againstcountrieswhosecompaniesdonotoffersuchbenefits.
BUS 434 Week 5 Final Paper Holland Enterprises Compensation and Bene
fit System (Ash)
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WritingtheFinalPaper
TheFinalPaper:
Mustbesixtoeightdouble-spacedpagesinlengthandformattedaccordingtoAPAstyleasoutlined
intheapprovedAPAstyleguide.
Mustincludeacoverpagethatincludes:
Studentsname
Coursenameandnumber
Titleofpaper
Instructorsname
Datesubmitted
Mustincludeanintroductoryparagraphwithasuccinctthesisstatement.
Mustaddressthetopicofthepaperwithcriticalthought.