DISCUSSION QUESTION 1: Executive vs. Non-executive Pay
Contrast the principle difference between executive pay and non-executive pay, including a discussion on controversies associated with the growing disparity between executive and non-executive compensation packages.
DISCUSSION QUESTION 2: Contingent Workers
Contingent workers are assuming a greater role in today's organization. With that as a background, discuss compensation and benefit issues associated with the following workers: part-time, temporary, independent workers, and flexible/telecommuting. What impact may these changes have on an organization's compensation plan?
Paper Assignment: Compensation Philosophy
Length: 5 pages.
Evaluate the current compensation philosophy for your organization or an organization of your choosing (from a third-person perspective). Write 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. In addition to the introduction and conclusion, your paper should address the following:
Evaluate the organization's current compensation philosophy and propose ways to enhance or revamp the current compensation philosophy to meet the changing needs of the organization and its employees.
Examine key factors within the internal and external environment including the mission and strategic focus of the organization, as well as the financial and cultural aspects of your organization (i.e., they cannot have a compensation philosophy where they "lead" the market if the organization does not have the financial resources) that should influence this philosophy. The proposed philosophy itself should be no more than a short paragraph.
Identify the key factors that should contribute to the organization's development based on your proposed organizational philosophy.
Remember to write from a third-person perspective. Do not include wording like "my company's philosophy is ..." Instead include wording like "XYZ Company Name's philosophy is ..." Remember to write about the company and the company's philosophy; do not refer to you or your connection to the company.
Required Resources
Text
Read the following chapters in your text, Strategic compensation:
• Chapter 11: Compensating Executives
• Chapter 12: Compensating the Flexible Workforce: Contingent Employees and Flexible Work Schedules
Recommended Resources
Articles
Harris, J. (2009). What's wrong with executive compensation? Journal of Business Ethics: Supplement, 85, 147-156. (Document ID: 1655246711). Retrieved from the Proquest database.
Henderson, M.T., &Spindler, J.C. (2005). Corporate heroin: A defense of perks, executive loans, and conspicuous consumption. Georgetown Law Journal, 93(6), 1835-1883. Retrieved from the Proquest database.
Huhman, H. R. (2015, October 12). 3 ways to address the salary chasm between CEOs and employees (Links to an external site.). Entrepeneur.