Assignment 1: Compensation Practice

Assignment 1: Compensation Practice

Use the Internet or the Strayer Library to research a publicly traded company for which you would like to work.

Write a six to eight (6-8) page paper in which you:

1. Briefly describe the company you researched, its compensation strategy, best practices they are applying, and compensation-related challenges they are facing.

2. Analyze how your company applies compensation practice to determine the positive or negative impact to the company and its stakeholders.

3. Examine the ways in which laws, labor unions, and market factors impact the companyâs compensation practices. Provide specific examples to support your response.

4. Evaluate the effectiveness of traditional bases for pay at the company you researched.

5. Use at least three (3) quality references. Note: Wikipedia and other Websites do not qualify as academic resources.

Your assignment must follow these formatting requirements:

  • Be      typed, double spaced, using Times New Roman font (size 12), with one-inch      margins on all sides; citations and references must follow APA or      school-specific format. Check with your professor for any additional      instructions.
  • Include      a cover page containing the title of the assignment, the studentâs name,      the professorâs name, the course title, and the date. The cover page and      the reference page are not included in the required assignment page      length.

The specific course learning outcomes associated with this assignment are:

  • Analyze      how compensation practice can be applied to positively impact an      organization and its stakeholders.
  • Examine      the ways in which laws, labor unions, and market factors impact companiesâ      compensation practices.
  • Evaluate      the effectiveness of traditional bases for pay (seniority and merit) against      incentive-based and person-focused compensation approaches.
  • Use      technology and information resources to research issues in compensation      management.
  • Write      clearly and concisely about compensation management using proper writing      mechanics.
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  • Double line spacing
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