Assignment task:
In this assignment, you will suggest an external competitiveness policy for an organization of your choice that will help the organization meet their business objectives. You may want to choose a past or current employer, or you may choose any other organization that interests you. You may choose the same or a different organization from the previous unit. Research the organization through the company website as well as related articles available in the library.
In external competitiveness, comparisons with other employers that hire people with the same skills are made. Using concepts related to external competitiveness, compose a 2-3-page paper that provides pay recommendations for a manager's position in the organization that you have chosen. Apply appropriate pay concepts to determine the pay for a managerial position. Be sure to address the following questions in your paper:
1. What policy regarding external competitiveness would you advise? List the options and the pros and cons of each policy option. Offer the rationale for your recommendation.
2. What forms of pay and in what percentages would you recommend? Again, offer your rationales.
3. Consider the theories and research presented in this chapter. Which ones did you use to support your recommendation?
* Introduction
* What policy regarding external competitiveness would you advise? List the options and the pros and cons of each policy option. Offer the rationale for your recommendation.
* What forms of pay and in what percentages would you recommend? Again, offer your rationales.
* Consider the theories and research presented in this chapter. Which ones did you use to support your recommendation?
* Conclusion