Assignment
Question 1: Building Blocks
Discuss the basic building blocks of developing a market competitive pay system, including the relationship between internal and external equity.
Question 2: Job Analysis
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, and you may want to reference the job analysis and job description process, which form the foundation of job evaluation. Identify at least four pitfalls that exist for organizations that do not follow this process. Respond to at least two of your fellow students' postings
PAPER: Market Competitiveness
Compose a three-to-five page paper (not including the title and reference pages). Your paper should be written in a scholarly third-person tone; it should be in APA format. Your essay should address the following:
a. Evaluate the concept of market competitiveness in relation to an organization's pay system, particularly when it is unable to offer its employees market competitive salaries due to a lack of financial resources.
b. Propose at least three alternative approaches for organizations which have limited financial resources.
c. Identify at least three specific steps that could be taken to minimize the impact implementing these alternative approaches could have on the firm's success. Justify why these steps would be the most appropriate in this situation.
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.
Required Resources
Text: Read the following chapters in your text, Strategic compensation:
• Chapter 6: Building Internally Consistent Compensation Systems
• Chapter 7: Building Market-Competitive Compensations Systems
• Chapter 8: Building Pay Structures That Recognize Employee Contributions
Recommended Resources
Article: Earle, J. (2010). The emerging role of Clawback policies for managing risk in compensation programs. Benefits Law Journal, 23(1), 72-79. Retrieved from the Proquest database.
Websites
You will find a list of websites that you may find useful under the Course Materials section.
Attachment:- LECTURE.rar