HRM598 Week
1 Discussion 1 & 2 Latest 2018 April
dq 1
WEEK 1:
COMPENSATION DEFINITION AND SYSTEMS
3636 unread replies.3636 replies.
What is your definition
of compensation? How do perspectives on compensation differ, and why does that
matter? What forms of pay are used in your organization, and are they effective
in motivating performance?
dq 2
WEEK 1:
COMPENSATION STRATEGIES AND ORGANIZATIONS
3333 unread replies.3333 replies.
Look at the compensation
strategies of Google, Nucor, and Merrill Lynch (see Exhibit 2.1 in the text).
Discuss these companies’ compensation strategies, and see whether there is a
fit between organization and strategy (See Exhibit 2.1 in the text and check
out these companies’ websites, etc.). Are the business conditions, customers served,
and employee skills the same for each? If not, how are they different? What are
the compensation strategies used by your organization (or the last company you
worked with)?
HRM598 Week
2 Discussion 1 & 2 Latest 2018 April
dq 1
WEEK 2: JOB ANALYSIS
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unread replies.3838 replies.
Job analysis has been
considered the cornerstone of human resource management. What is job analysis?
Describe the job analysis process. What are some challenges with the job
analysis process? How does it support managers making pay decisions?
dq 2
WEEK 2:
INTERNAL CONSISTENCY
2020 unread replies.3737 replies.
What is a pay structure?
Discuss the factors that influence internal pay structures. Based on your own
experience and research, which factors do you feel are the most important? Why
are these most important? What impact do they have on the design of the
internal pay structures?
HRM598 Week
3 Discussion 1 & 2 Latest 2018 April
dq 1
WEEK 3: EMPLOYEE INVOLVEMENT IN JOB EVALUATION
2020
unread replies.3838 replies.
What are the pros and
cons of having employees involved in compensation decisions? What forms can
employee involvement take? What types of involvement are there in compensation
decisions in your organization?
dq 2
WEEK 3: THE JOB
EVALUATION SYSTEM
1919 unread replies.3939 replies.
Consider several
employers in your area, such as a college, hospital, retail store, auto
dealership, or governmental agency. What compensable factors do you feel each
of these employers would use to evaluate jobs? How would they go about
identifying these factors? What factors does your organization use?
HRM598 Week
4 Discussion 1 & 2 Latest 2018 April
dq 1
WEEK 4: MARKET SURVEYS
1818
unread replies.3636 replies.
What is a market survey?
What factors determine the relevant market for a survey? Why is the definition
of the relevant market so important?
dq 2
WEEK 4: SALARY
RANGES AND PAY BANDS
2222 unread replies.3737 replies.
What are the differences
between salary ranges or pay grades and pay bands? Why would you use either?
What are the pros and cons of using them to achieve internal alignment? How do
they help or hinder external competitiveness?
HRM598 Week
5 Discussion 1 & 2 Latest 2018 April
dq 1
WEEK 5: PAY-FOR-PERFORMANCE APPROACHES
1313
unread replies.3535 replies.
Does your organization
have a pay-for-performance system? If so, describe how it works. If your
organization does not, discuss the type of plan they do have and whether or not
you think they should have a pay-for-performance plan.
dq 2
WEEK 5: RATING
PERFORMANCE EFFECTIVELY
2323 unread replies.3232 replies.
Which performance
appraisal formats does your organization use? Given what you learned in the
reading for this week, how could it be improved? Of all of the approaches found
in the course reading for the week, which would you recommend as the best for
your organization to use?
HRM598 Week
6 Discussion 1 & 2 Latest 2018 April
dq 1
WEEK 6: EXECUTIVE AND OTHER SPECIAL GROUP PAY
1414
unread replies.3333 replies.
In 2008, Pratt estimated
that executives received more than 360 times the pay of the average worker (as
cited in Milkovich, Newman, & Gerhart, 2011). What are the components of
executive compensation? Why are there so many societal concerns about executive
pay today?
dq 2
WEEK 6:
MANAGING COMPENSATION PROGRAMS
2121 unread replies.3434 replies.
Compensation programs
are managed to ensure that the total compensation is aligned with
organizational goals and strategies. There are a number of employees with the
correct skill sets, and they are paid at the appropriate level and within a
budget that is affordable to the organization. How can labor costs be managed?
What tools are available to HR?
HRM598 Week
7 Discussion 1 & 2 Latest 2018 April
dq 1
WEEK 7: HR’S LEGAL AND REGULATORY ENVIRONMENT
1818
unread replies.3232 replies.
Compensation programs
are managed within a legal and regulatory environment. What are several laws
that influence compensation programs in your organization? What rules and
regulations are difficult for management to understand in your organization?
What has your organization had to do to meet requirements of new or changed
laws and regulations?
dq 2
WEEK 7: UNION
INVOLVEMENT IN COMP PRACTICES
2626 unread replies.3434 replies.
Unions have a
significant impact on compensation design. Union contracts and negotiations
determine how compensation will function in many companies. How has the role of
unions affected wage levels, structure of pay plans, and pay practices, such as
differentials? What are some of the common compensation clauses found in union
agreements?
