Summarize the key points of your company's strategy, assignment help

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xnebaryyl18

Business Finance

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Take any organization that you know - current employer, business school, the place you in-terned, a friend's employer. Look at Exhibit 2.8 "Contrasting Maps of Microsoft and SAS." Map your organization’s compensation strategy then compare it to that of Microsoft and SAS.

1.Summarize the key points of your company's strategy.

2. What are the key differences compared to the strategies of Microsoft and SAS? Or ask several managers in the same organization to map that organization's compensation strategy. You may need to assist them. Then compare the managers' maps.

3.Summarize the key similarities and differences occur?

4.Why do these similarities and differences occur?

5.How can maps be used to clarify and communicate compensation strategies to leaders? To employees?

Rubric

Content: Excellent - Addresses specifics of assignment demonstrating critical thinking abilities by synthesizing research. A minimum of 3 scholarly outside sources used.

APA Formatting: All aspects of APA formatting followed.

Outcome Grammar, Spelling, Tone: Professional 3rd person perspective used with no spelling/grammar errors.

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Still Your Turn Mapping Compensation Strategies Take any organization that you know-current employer, business school, the place you in- terned, a friend's employer. Look at Exhibit 2.8, "Contrasting Maps of Microsoft and SAS." Map your organization's compensation strategy then compare it to that of Microsoft and SAS. 1. Summarize the key points of your company's strategy. 2. What are the key differences compared to the strategies of Microsoft and SAS? Or ask several managers in the same organization to map that organization's compensation strategy. You may need to assist them. Then compare the managers' maps. 3. Summarize the key similarities and differences. 4. Why do these similarities and differences occur? 5. How can maps be used to clarify and communicate compensation strategies to leaders? To employees? Summary Managing total compensation strategically means fitting the compensation system to the business and environmental conditions. We believe the best way to proceed is to start with the pay model--the objectives and four policy choices--and take the steps discussed in the chapter: (1) assess implications for the total compensation of your organization's situation; (2) map out the compensation objectives and four policy choices to achieve them internal alignment, external competitiveness, employee contributions, and management); (3) translate these policies into the workplace via the compensation system and implement it; and (4) reassess by comparing your 62 Part One Introducing the Pay Model and Pay Strategy simple? It isn't. The major challenge in managing total compensation is to understand results against the pay objectives. And continue to learn, adapt, and improve. Sound believe that research is beginning to offer useful evidence-based guidance, with the how your pay system can add value and make the organization more successful. We promise of more to come. Chapter 2 Strategy The Totality of Decisions 53 EXHIBIT 2.8 Contrasting Maps of Microsoft and SAS OBJECTIVES Hist Prominence INTERNAL ALIGNMENT Flexible design Hierarchy Career growth Form (benefits COMPETITIVENESS How much Work/life balance total pay) EMPLOYEE CONTRIBUTIONS Incentives to base WW Individual Share group success Line ownership MANAGEMENT Transparency Technology Solid line Microsoft: Dotted line SAS Choice
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Explanation & Answer

Attached.

Running head:COMPENSATION STRATEGY MAP

Still Your Turn: Discussion of Case Questions
Student’s Name
Institutional Affiliation

1

COMPENSATION STRATEGYMAP

2

Still Your Turn: Discussion of Case Questions
Starbucks Compensation Strategy Map
DIMENSIONS

Low

High

OBJECTIVES
Prominence

M

INTERNAL ALIGNMENT
Flexible design

M

Hierarchy

M

Career growth

M

COMPETITIVENESS
How much

M

Form (benefits/total pay)

M

Work/life balance

M

EMPLOYEE CONTRIBUTIONS
Incentives to base pay
Individual

M
M

Share group success

M

MANAGEMENT
Line ownership

M

Transparency

M

Technology

M

Choice

M

COMPENSATION STRATEGYMAP

3

1. Summarize the key points of your company’s strategy.


Objectives: McDonald’s growth objective is not significantly reflected in its pay and
benefits to employees. Total compensation is does not play an important role.



Alignment: McDonald’s internal alignment encourages hierarchy among employees.
Depending on their level of skills, different employees are limited to different range of
jobs which are paid differently.



Competitivene...


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