Employee Compensation Organization Research Paper
Order ID |
53563633773 |
Type |
Essay |
Writer Level |
Masters |
Style |
APA |
Sources/References |
4 |
Perfect Number of Pages to Order |
5-10 Pages |
Description/Paper Instructions
Employee Compensation Organization Research Paper
Employee, Compensation, Organization, Research, Paper
Must be APA format, plagiarism-free, avoid using contractions, and incorporate the Christian view. Please check the grammatical errors.
Guidelines for the organization: You were recently hired as the new Human Resources manager for a new company that has been in business for two weeks.
The CEO is looking to you and your expertise in compensation and benefits to develop a package for all full-time future employees.
Benefits programs should include medical insurance, life, and disability insurance, retirement income plan benefits, paid-time-off benefits, and educational
assistance programs. Benefits selection and design are critical components in the total compensation costs. In some cases, benefits account for 40 percent
or more of total compensation costs.
The CEO is estimating that in the next 4 months this company will have over 40 full-time employees. The CEO is leaning on you to develop a report for the
Board meeting in two weeks. Some things to consider: Though most employers are required to provide mandatory benefits such as Social Security
contributions, worker’s compensation insurance, and unemployment insurance, most other benefits are voluntary in nature and determined by the employer.
Benefits programs should include medical insurance, life, and disability insurance, retirement income plan benefits, paid-time-off benefits, and educational
assistance programs. Benefits selection and design are critical components in the total compensation costs. In some cases, benefits account for 40 percent
or more of total compensation costs.
Due to the employer cost investment and the importance of employee benefits in recruiting and retaining, employers should have a well-thought-out benefits
plan design that meets both employee needs and employer objectives. Develop a compensation and benefits package for your company.
You must first address the type of company you were hired for (your choice). Second, you must select the city and state in which the small company is
located (your choice). In your HR Compensation and Benefits report to the Board, you must address the following:
Identify the Organization’s Benefits Objectives and Budget: The organization’s business and/or HR strategy will help guide the development of the benefits
objectives, as these objectives should help achieve the overall strategic goals. Factors such as employer size, location, industry, and collective bargaining
agreements should be considered in the development of the benefits objectives.
Employee Compensation Organization Research Paper
Conduct a Needs Assessment: This needs assessment will be based on your company’s location and estimated future size. It should be conducted to
determine the best benefits selection and design based on the needs and wants of the employees. The needs assessment may include an employer’s
perception of employee benefits needs, competitor’s benefits practices, and tax laws and regulations.
Formulate a Benefits Plan Program: Using the data collected from all resources in Step 2, the employer can begin to formulate benefits offerings in order of
priority. Can changes be made to the current plan design to induce cost savings? Can benefits that are underused or not valued by employees be eliminated?
What are the administrative costs for the benefits? What cost-containment features can be put in place? Will employees have to contribute, and how much?
These are among the evaluations an employer will make in determining whether to add, change, or eliminate benefits offerings.
Communicate the Benefits Plan to Employees: Employee understanding of the benefits is critical to employee buy-in. Without buy-in, the employer’s efforts,
no matter how perfectly designed to meet employees’ needs, may be futile. The positive impact on recruiting, retention, and employee morale may be lost
without effective communication plans. Good benefits communication objectives should include:
Creating awareness and appreciation of the new or existing benefits and improving employee financial security.
Providing a high level of understanding of the benefits offered.
Encouraging wise use of benefits.
Develop a Periodic Evaluation Process to Determine Effectiveness of Benefits: Periodically reviewing the benefits plan program is another important step in
the benefits management process.
The benefits program must be assessed on a regular basis to determine if it is meeting the organization’s objectives and employees’ needs. Changes in the
business climate, the economy, the regulatory environment, and workforce demographics all create dynamics that affect benefits offerings.
Christian Worldview: What is God’s approach to money and how we are to care for others. Provide a verse from the Bible and discuss how this relates to the
HR process.
Prepare this HR Compensation and Benefits Board report using the following guidelines:
A minimum of 6 pages not to exceed 10, typed, double-spaced, Times New Roman font, using APA standard
Title page, including the title of the paper, your name, course name and course number, date of submission (page 1)
A minimum of 6 pages including a summary of your understanding of the biblical implications for the topic (pages 2-6)
A minimum of 6 references are required, including the text, the Holy Bible, books and articles from academic sources (Net Library), and other periodicals.
Employee Compensation Organization Research Paper
RUBRIC
QUALITY OF RESPONSE |
NO RESPONSE |
POOR / UNSATISFACTORY |
SATISFACTORY |
GOOD |
EXCELLENT |
Content (worth a maximum of 50% of the total points) |
Zero points: Student failed to submit the final paper. |
20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. |
30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. |
40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. |
50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. |
Use of Sources (worth a maximum of 20% of the total points). |
Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. |
5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. |
10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. |
15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. |
20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. |
Grammar (worth maximum of 20% of total points) |
Zero points: Student failed to submit the final paper. |
5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors |
10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors |
15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. |
20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. |
Structure of the Paper (worth 10% of total points) |
Zero points: Student failed to submit the final paper. |
3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. |
5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper |
7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. |
10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper. |
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