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. Respond to at least two of your fellow students’ postings.
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? Respond to at least two of your fellow students’ postings.
In a 3-5 page paper, outline the current compensation philosophy for your organization. Evaluate this current philosophy and propose ways to enhance or revamp the current compensation philosophy to meet the changing needs of the organization and its employees. Identify 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., you cannot have a compensation philosophy where you “lead” the market if your organization does not have the financial resources) that should influence this philosophy. The proposed philosophy itself should be no more than a short paragraph. The remaining portion of your paper should be devoted to supporting your choice of that philosophy within your chosen organization by identifying the key factors that should contribute to its development.
Carefully review the Grading Rubric for the criteria that will be used to evaluate your assignment.