Week 1 discnCompensation System (graded)Discuss the general goals of an organization’s compensation system, including how a compensation strategy works to support the organization’s business strategy.Week 2 discussIncentive Plans (graded)Discuss how incentive pay plans, both individual and group, motivate employees to achieve high levels of performance. Offer one individual and group incentive pay strategy that would work best in your organization.Week 3 discnJob Evaluation (graded)Provide a brief overview of the job evaluation process, including the importance of compensable factors. Detail the compensable factors of a position you are familiar with and their impact on that position’s salary.This section lists options that can be used to view responses.Week 4 discnLegally Required Benefits (graded)Provide a general overview of legally required benefits, including their purpose in society.Week 5 discnRetirement Programs (graded)In the United States, we have seen a trend towards defined compensation programs from defined benefit programs. Many employers have moved in this direction to help them be more competitive. What are some reasons that these benefit programs are offered? How are they designed? What are some trends that you see with the design of the programsweek 7 discussionCompensating Expatriates (graded)Companies have a variety of factors to consider when looking at compensating expatriates. What goes into this discussion? What are some common methods of payment, and how are they used?week 3 assignmentAssignmentYour assignment is to write a short paper (500–750 words) defining compensation, compensation philosophy, and critical components of a compensation strategy. Provide one solid example of an effective compensation practice/policy. Your paper will be graded on the following:definition of compensation;overview of compensation philosophy;critical components of a compensation strategy; andexample of an effective compensation practice/policy.Your paper must be prepared utilizing the APA format and should include external, academic-quality references. See the Syllabus section “Due Dates for Assignments & Exams” for due date information.Submit your assignment to the Dropbox located on the silver tab at the top of this page.week course project2 The course project relates to the compensation and benefit strategy of an organization. Students will select an organization that is experiencing challenges with its compensation and/or benefit program. Some examples where challenges exist within the organization’s compensation and benefit plan could include a high rate of employee turnover, an inability to recruit talented employees due to lack of proper compensation, an inability to fund an adequate benefit program, an incentive program where few employees reach their objectives, an inadequately funded retirement system, or a retirement plan that does not offer proper investment choices. Your paper will be graded according to how well you meet the tasks below.Follow proper APA style/citations, grammar and punctuation, and so on. An APA tutorial is located on the HUB for assistance.Identify an organization with compensation or benefits challenges. It could be an organization with which you are familiar personally or through the media.Provide a detailed review of the compensation and/or benefit challenge (problem) at the organization. It is recommended that you concentrate on the principle compensation and/or benefit challenge(s) within a single organization, rather than a number of less important issues. Be careful to avoid selecting a topic that is too broad. At the same time, the challenge facing the organization should be broad enough to provide multiple strategies to help resolve the problem.Discuss the compensation and/or benefits strategies other organizations have utilized related to your challenge, along with a review of their success and failure. As an example, if you are interested in an employee assistance program and why usage is less than expected, detail the strategies other organizations have followed to improve participation and see a return on their investment. Information regarding other organizations should be gathered through a research process and consist with academic-quality materials rather than word-of-mouth information.Recommend the strategy you propose the organization should follow to address its compensation and/or benefit challenge. Explain why you have selected this strategy. Include research (theory) to substantiate your selection.Discuss impediments to this strategy, including any contingency plans that should be considered.Finally, detail how the strategy you propose would address the organization’s challenge (as detailed in step 2 above) and its impact on both the organization and the employee. Include specific items that should be included in the action plan.DeliverablesDue Week 2:Write a one-page (250–300 words) overview about the company and detail the compensation and/or benefit issue(s) you selected for your Course Project. This refers to items 2 and 3 items listed under Course Project Overview above. This short paper is worth 50 points.midtermTCO 1) What represents employees’ critical psychological states that result from performing their job?Fringe compensationCore compensationIntrinsic compensationExtrinsic compensationQuestion 2. Question : (TCO 1) What is a cooperative effort between employees and their employers to promote rewarding work experiences throughout employees’ work lives called?Employment terminationCareer developmentLabor-management relationsTrainingQuestion 3. Question : (TCO 1) Which of the following does not lead to experienced meaningfulness of work?: Skill varietyTask significanceDifferentiationTask identityQuestion 4. Question : (TCO 1) Which of the following are the three broad categories of discretionary benefits?Welfare practices, services, paid time offProtection programs, paid time off, servicesPaid time off, welfare practices, and protection programsServices, protection programs, welfare practicesQuestion 5. Question : (TCO 5) When designing pay-for-knowledge programs, which of the following would be considered part of the transition matters phase?Grouping skillsAligning pay with the knowledge structureTrainingSkill typesQuestion 6. Question : (TCO 5) Which one of these issues is not addressed by the Fair Labor Standards Act of 1938?Overtime payChild labor provisionsExecutive compensationMinimum wageQuestion 7. Question : (TCO 7) Who determines the particular objectives in a management by objectives (MBO) appraisal system?Both the employees and supervisorsThe supervisorsThe board of directorsThe employeesQuestion 8. Question : (TCO 7) This is another name for parallel teams.Work teamsInnovation teamsProcess teamsTask forcesQuestion 9. Question : (TCO 7) According to the job characteristics theory, this core characteristic refers to the amount of freedom, independence, and discretion the employee enjoys in determining how to do the job.: FeedbackAutonomyTask identitySkill varietyQuestion 10. Question : (TCO 5) Age discrimination of employees of federal contractors is prohibited by which executive order?11414114111114111114: 5 of 5Comments:Question 11. Question : (TCO 5) The term trainee is defined by which act?FMLAFLSAEqual Pay ActADEAQuestion 12. Question : (TCO 5) Compensation differentials between men and women performing substantially similar work fall under the purview of which piece of legislation?Equal Pay Act of 1963Age Discrimination in Employment Act of 1967Americans with Disabilities Act of 1990Civil Rights Act of 1964Question 13. Question : (TCO 4) This term refers to a difference between the output of a human judgment process and that of an objective, accurate assessment uncolored by bias, prejudice, or other subjective and extraneous influences.Content validityRating errorThe performance appraisal processA first-impression effectQuestion 14. Question : (TCO 4) This occurs when a rater generalizes good performance behavior in one aspect of the job to all aspects of the job.Similar-to-me effectFirst-impression effec
tPositive halo effectNegative halo effectQuestion 15. Question : (TCO 4) Management by objectives is one method of which type of performance appraisal?360-degree performance appraisalGoal-focused systemGoal-oriented systemBehaviorally anchored systemTCO 4) This type of behavioral performance appraisal system requires the employee and the supervisor to identify past performance behaviors and outcomes as either successful or unsuccessful.Management by objectiveBehavioral observation scalesBehaviorally anchored rating scalesCritical incident techniqueQuestion 2. Question : (TCO 4) This model is geared to promoting staffing flexibility in a company, by training employees in one department with some of the critical skills that are needed to perform effectively in another department.Skill blocksStair stepJob-point accrualCross departmentalQuestion 3. Question : (TCO 4) These are four pay-for-knowledge programs.Cross-departmental training systems, skill blocks model, job-point accrual model, breadth-of-skills modelStair-step model, skill blocks model, job-point accrual model, cross-departmental training systemsJob-point accrual model, cross-sectional training system, stair-step model, skill blocks modelCross-skills training system, stair-step model, job-point accrual model, skill blocks modelQuestion 4. Question : (TCO 4) When a filing clerk is trained to maintain employee attendance records, it is an example of acquiring which type of skills?HorizontalVerticalDepth ofBreadth ofQuestion 5. Question : (TCO 4) Employees would need to learn these types of skills in order to develop self-managed work teams.HorizontalVerticalDepth ofBreadth ofQuestion 6. Question : (TCO 8) Which type of individual incentive plan rewards employees based on their individual hourly production against an output standard?Management incentive plansBehavior encouragement plansReferral plansPiecework plansQuestion 7. Question : (TCO 8) This method reinforces cooperation among team members except when team members perceive differences in other members’ performances.Differential incentive payments approachDifferential payments by ratio of base payEqual incentives payment approachSmall group incentive plansQuestion 8. Question : (TCO 8) Company profits, cost containment measures, market share, and sales revenue were listed as typical performance measures for which type of incentive plan?IndividualGroupCompanywideExecutiveQuestion 9. Question : (TCO 2) Which of the following are typically included in a job description?Job specification, job title, job summaryJob summary, job salary, job specificationJob title, job salary, job summaryJob salary, job title, job specificationQuestion 10. Question : (TCO 2) Which job evaluation plan is most widely used by companies?ClassificationRankingPoint methodFactor comparisonQuestion 11. Question : (TCO 3) This BLS survey provides the quarterly measure of changes in labor and compensation costs, and is used as the principle economic indicator for the Federal Reserve.National Compensation SurveyEmployment Cost IndexEmployer Costs for Employee CompensationNational Benefit IndexQuestion 12. Question : (TCO 3) Alice’s job has a compa-ratio of 0.85. What does this ratio tell about Alice’s pay rate?There is no way to judge the competitiveness of her pay.Her pay is not competitive with the market.You need more information to be able to judge her pay.Her pay is highly competitive with the market.Question 13. Question : (TCO 6) Which pay structure reflects the increasing organizational trend toward flatter, less hierarchical corporate structures?Two-tier pay structureBroadbandingMarket-competitive pay structureInternally consistent pay structureQuestion 14. Question : (TCO 6) These represent the horizontal dimension of pay structures.Pay rangesPay gradesJob evaluation pointsPay spreadsQuestion 15. Question : (TCO 8) Profit-sharing plans and employee stock option plans are incentives on what level?CompanywideExecutiveIndividualGroupweek 7 course projectThe course project relates to the compensation and benefit strategy of an organization. Students will select an organization that is experiencing challenges with its compensation and/or benefit program. Some examples where challenges exist within the organization’s compensation and benefit plan could include a high rate of employee turnover, an inability to recruit talented employees due to lack of proper compensation, an inability to fund an adequate benefit program, an incentive program where few employees reach their objectives, an inadequately funded retirement system, or a retirement plan that does not offer proper investment choices. Your paper will be graded according to how well you meet the tasks below.Follow proper APA style/citations, grammar and punctuation, and so on. An APA tutorial is located on the HUB for assistance.Identify an organization with compensation or benefits challenges. It could be an organization with which you are familiar personally or through the media.Provide a detailed review of the compensation and/or benefit challenge (problem) at the organization. It is recommended that you concentrate on the principle compensation and/or benefit challenge(s) within a single organization, rather than a number of less important issues. Be careful to avoid selecting a topic that is too broad. At the same time, the challenge facing the organization should be broad enough to provide multiple strategies to help resolve the problem.Discuss the compensation and/or benefits strategies other organizations have utilized related to your challenge, along with a review of their success and failure. As an example, if you are interested in an employee assistance program and why usage is less than expected, detail the strategies other organizations have followed to improve participation and see a return on their investment. Information regarding other organizations should be gathered through a research process and consist with academic-quality materials rather than word-of-mouth information.Recommend the strategy you propose the organization should follow to address its compensation and/or benefit challenge. Explain why you have selected this strategy. Include research (theory) to substantiate your selection.Discuss impediments to this strategy, including any contingency plans that should be considered.Finally, detail how the strategy you propose would address the organization’s challenge (as detailed in step 2 above) and its impact on both the organization and the employee. Include specific items that should be included in the action plan.DeliverablesDue Week 7:The Course Project is due. The project should be 1,200–1,800 words, excluding title and reference page. It should include items 1–7 as listed under Course Project Overview above. The Course Project is worth 200 points.Grading RubricsWeek 7 Course ProjectCategoryPoints%DescriptionDocumentation and Formatting2010%A quality paper will include a title page, abstract, proper citations, and a reference page.Organization and Cohesiveness10050%A quality paper will include an introduction of the company and industry. The content will be properly subdivided into sections derived from the items 2–7 above. In a quality paper, the conclusion will summarize the reasoning you employed in your analysis and any outstanding conclusions you can reach about the companies analyzed.Editing3015%A quality paper will be free from any spelling, punctuation, or grammatical errors. Sentences and paragraphs will be clear, concise, and factually correct.Content5025%A quality paper will have significant scope and depth of research to support any statements. Relevant illustration or examples are encouraged. A quality paper will employ sound use of reasoning and logic to reinforce conclusions. The paper meets the required 1,200–1,800 words for content.Total200100%A quality paper will meet or exceed all of the above requirements..equella.ecollege.com/file/c1ab33ce-4db6-4977-a7c6-38da3d080bbd/1/HRM430_CH_CourseProject.html#top”>