31 Jan Compensation and Benefits

Compensation and Benefits

Unit 1 discussion

Part One: Introduce yourself to your fellow students and instructor. Share your college degree plans, briefly explaining what degree you are pursuing, why, and how you think taking this course will assist you in achieving your personal or professional goals in life.

Part Two: Many organizations have reported challenges with attracting and retaining highly skilled employees. What suggestions would you offer to these organizations regarding the types of compensation and benefit plans that would make their organization more competitive to attract highly skilled job seekers and to retain their existing workforce?

Part Three: Please affirm that you have read and will abide by the University’s Academic Integrity Violations (AIV) policy located in the course announcements. In your response, please type the word “affirm.” You may also ask any questions that may concern you or discuss challenges you may face as a learner in your compliance with the University’s AIV policy.

Compensation and Benefits

Unit 2 discussion

According to the information covered in Chapter 3, in your own words, discuss the term internal pay structure. Provide an example of the internal pay structure in your current place of employment. Do you feel it is fair? Why or Why not?

Compensation and Benefits

Unit 3 discussion

If you were managing employee compensation, how would you recommend that your company evaluate the usefulness of its job evaluation or person-based plans?

Optional: Why do many managers say that job analyses is a colossal waste of their time and the time of their employees? Are they right? Why or why not?

Compensation and Benefits

Unit 4 discussion

Company executives, along with HR managers/compensation committees, must decide if their organization will be a pay leader or follower. Strategically, companies should be certain they are able to operate and still make a profit.

Think of a company that follows a lag policy and a company that follows a lead policy. Why do they believe it pays to pay differently? Can you think of any companies that follow performance driven and/or work/life balance policies? Explain your choices.

Compensation and Benefits

Unit 5 discussion

You are a supervisor in a company that is a low payer relative to competitors. What kinds of things can you do to increase the likelihood that workers will feel fairly treated?

Why might you use a group incentive plan rather than an individual plan?

Compensation and Benefits

Unit 6 discussion

Many companies look to attract, retain, and motivate employees. Some might argue that money talks and is the key to attracting, retaining, and motivating employees. How important are benefits to you? Describe how a benefits program might increase worker attraction, retention, and motivation.

Compensation and Benefits

Unit 7 discussion

Pay differences are noted amongst different job classifications within the organization. There are different pay levels and benefits associated within these classifications. What is a contingent worker? Are companies better off hiring contingent workers than hiring regular employees? Explain your answer.

Compensation and Benefits

Unit 8 discussion

What is your opinion of this course? Did it meet your expectations? What suggestions can you offer for improvement of this course for future students?

Optional: Decisions regarding compensation can have a major impact on the success of any organization. Discuss why the structure of compensation function is important.