Description
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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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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