Prepare A Compensation Portfolio
Exceptional You achieve this through a combination of research and practical application of compensation concepts relating to extrinsic and intrinsic rewards as elements for shaping work-related behaviors that an organization deems as most valuable for achievement of its strategic advantage and objectives., you are likely already familiar with the signature assignment approach to exploring HR concepts through development of an integrated application.
you will combine concepts through discussion of current research on reward, motivation, and performance appraisal, coupled with practical application of these ideas through evaluation of specific jobs and comparison of these jobs within a defined industry and market salary and benefits survey that lead to assessing benefits relevant to the employee population and organizational structure, and formulating a compensation system based upon merit, knowledge, and skill acquisition.
Mechanics of a traditional paper, such as introduction, discussion of research findings, a summarization and conclusion of the specific topic together with a reflection on the impact of the assignment and its influence on your own personal, academic, and/or professional development appear in the final product, along with such practical elements as a job analysis identifying compensable factors, tying those factors to a pay scheme that attempts to incentivize the desired work behaviors and attitudes consistent with the company’s strategic goals.
The purpose of this Preparation Guide is to provide you with some general direction concerning the content, process, and structure of your signature assignment. In the sections below, helpful information is proffered that will prove valuable with respect to facilitating your completion of a course project reflective of the high standards of quality work and personal learning that should be the aim of each participant in the course.
Step 1: Select an organization to feature in your portfolio
Step 2: Select a position or job series in the organization to analyze and evaluate for compensation
Step 3: Prepare a portfolio of the planning, analysis, and data collection to develop a compensation plan for the job(s)
Include the following in your job portfolio:
Ø Contextual influences affecting the compensation
Ø Job analysis of select position(s)/series
Ø The underlying bases for a pay system for the job and context
Ø Job evaluation plan for determining internal relationships
Ø Determine an external market and conduct a market survey
Ø Identify bases for incentivizing pay and performance
Begin by selecting an organization to feature in your portfolio
( Southwest Airlines)
Select a position or job series within the organization to analyze
Your portfolio will begin with a brief background of the organization, including its mission and vision.