MPBS Align Compensation Policies Assignment
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MPBS Align Compensation Policies Assignment
Assignment 2: Compensation Policies LASA (CO 1, 2)
Assume you are leading a team of consultants hired by MPBS to help develop their total compensation plan. MPBS wants to implement a compensation plan to support their business strategy. Your team has completed the preliminary review of the organization, including discussions with management, and compiled initial information about MPBS. That information is detailed in the team report.
MPBS views their mission statement as the driver behind the alignment of policies, purposes and objectives of all operating units in the entire organization. Your first task is to help the human resources department create a compensation mission statement as the first step in designing their compensation plan. You are to consider the various factors affecting mission statements and objectives and then:
- Recommend a specific compensation mission statement and the specific objectives of the MPBS compensation system that aligns the compensation plan to the company’s mission and strategy. Provide a rationale to support your mission statement and objectives.
Your second task is to overcome the past reluctance of top management at MPBS to have anyone put much effort into administrative detail. They have generally opted for a quick and easy approach to policy and practice. You should plan to educate the top management group regarding the need for more sophisticated and detailed approaches to compensation. To do so, you must include answers to the following questions that were posed by the new HR manager. Justify your responses using scholarly sources.
- What are the relevant markets that each of MPBS’s major occupational groups should be compared to?
- Should MPBS lead, match, or follow competitors? Why?
- How will decisions on external competitiveness help MPBS align compensation policies with mission and strategy?
- Why is it important and is it worth the effort and cost for MPBS to bother with specifying pay grades and pay ranges?
- If pay grades are used, is it better to have few or more grades?
- How should the ranges vary by job type and level?
- How much overlap should be built into the grade ranges?
- In what ways might the plan MPBS develops and the related compensation policies impact job performance?
To complete this assignment, write a 5–7-page report in Word format and provide rationale and scholarly support. Apply APA standards for writing style to your work.
Assignment 2 Grading Criteria Maximum Points Developed compensation mission statement and objectives that aligns the compensation plan to the company’s mission and strategy. 20 Determined the relevant markets for each major occupational group. 16 Rationalized whether MPBS should lead, match, or follow competitors and why. 16 Examined how decisions on external competitiveness will help MPBS align compensation policies with mission and strategy. 16 Explained why it is important and worth the effort and cost to specify pay grades and pay ranges. 20 Determined whether it is better to have few or more pay grades. 16 Assessed how the ranges should vary by job type and level. 16 Explained how much overlap should be built into the grade ranges. 16 Evaluated the ways in which the plan and related compensation policies might impact job performance. 20 Written Components:
Organization (12)
Usage and mechanics (12)
APA elements (16)
Style (4)44 Total: 200 MPBS Align Compensation Policies Assignment
RUBRIC
Excellent Quality
95-100%
Introduction 45-41 points
The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.
Literature Support
91-84 points
The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.
Methodology
58-53 points
Content is well-organized with headings for each slide and bulleted lists to group related material as needed. Use of font, color, graphics, effects, etc. to enhance readability and presentation content is excellent. Length requirements of 10 slides/pages or less is met.
Average Score
50-85%
40-38 points
More depth/detail for the background and significance is needed, or the research detail is not clear. No search history information is provided.
83-76 points
Review of relevant theoretical literature is evident, but there is little integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are included. Summary of information presented is included. Conclusion may not contain a biblical integration.
52-49 points
Content is somewhat organized, but no structure is apparent. The use of font, color, graphics, effects, etc. is occasionally detracting to the presentation content. Length requirements may not be met.
Poor Quality
0-45%
37-1 points
The background and/or significance are missing. No search history information is provided.
75-1 points
Review of relevant theoretical literature is evident, but there is no integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are not included in the summary of information presented. Conclusion does not contain a biblical integration.
48-1 points
There is no clear or logical organizational structure. No logical sequence is apparent. The use of font, color, graphics, effects etc. is often detracting to the presentation content. Length requirements may not be met
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