Compensation and Performance Management

User Generated

nffvtazrag055

Business Finance

Description

please check the attached files to see the Question paper.

*Notice : when you finish from my assignment i have to submit in turnitin and that website its looking or searching in my assignment words if i taken from any resource of ( internet, students , books, newspaper ...) so you have be careful in that to not become higher then 15%

*Notice: put citation in discussion and add references in Harvard Style also index please.



Module outcomes for this assessment:

1. Critically evaluate the strategic importance of compensation to the achievement of organisational goals.

2. Examine the link between compensation objectives and business strategy and the role of compensation in attracting, motivating, and retaining a high-quality workforce.

3. Evaluate basic job, making use of wage and salary survey.

4. Assess the relative merits of compensation to be used as competitive advantage for the organisation.

5. Discuss the role of compensation management as part of the new mandate for HR executives.

PART - A

Case Study:

It is time for Mahfooda’s annual performance appraisal and Mustafa, her manager, has sought your advice on two problems which he has identified as “motivation” and “organization’s systems”.

The appraisal system has a six point rating scale:

1. Excellent 2. Outstanding 3. Competent

4. Acceptable 5. Room for improvement 6. Unacceptable

The annual pay increase is determined by the overall rating of the employee.

Individual Portfolio - Spring 2018

Module: Compensation and Performance Management (BUSS 1703)

Level: 6

Max. Marks: 100

Duration: 5 weeks

Compensation and Performance Management (BUSS 1703)-CW1-Spring-18-QP

BUSS 1703 (QP) Page 2 of 8

Mahfooda was recruited into Mustafa’s team 18 months ago. She took about 5 months to learn the job and achieve competence. Accordingly, at last year’s appraisal she and Mustafa agreed that an overall rating of “4” was appropriate. Mahfooda worked hard and developed her competence so that she was able to expand the range of her activities and perform better.

How-ever, in the last 6 months, the company has been facing tough times and has been forced to rationalize the manpower to control costs. Workload on each employee has increased as a result of reduction in the manpower. Mahfooda has been working hard to learn new skills and has accepted more responsibilities as a result and therefore has a much more enriched job. How-ever, as she still has to develop new skills further, her performance is still “4”. There are aspects of her performance which she could improve.

When Mustafa met Mahfooda to agree the time for the appraisal interview, she jokingly said- “I warn you, I am looking forward to a respectable pay rise this year.”

Answer the following questions:

1. Why does Mahfooda feel that she deserves a pay rise- for her efforts or performance? (3 marks)

2. According to Mustafa, is Mahfooda right in her expectations of a pay rise? (3 marks)

3. Can Mustafa meet her expectations? Why? (3 marks)

4. Is Mahfooda’s job different from what it was when she first started? What do you recommend to Mustafa regarding job-evaluation of Mahfooda’s job? (3 marks)

5. What shall be the consequences if Mustafa over-rates her present performance to give her a pay-rise? (3 marks)

6. What shall be the consequences if Mustafa recommends re-evaluation of her job in view of higher responsibilities and then rate the performance in light of new re-evaluated job? (3 marks)

7. What would you recommend to Mustafa regarding above-mentioned choices? Why? (3 marks)

8. What Mustafa can do to keep Mahfooda motivated even without an expected pay-rise? (3 marks)

9. Should appraisal system also recognize efforts rather than performance alone? Justify. (3 marks)

10. What are Mustafa’s constraints as a manager with respect to company’s appraisal system and the remuneration system? (3 marks)

Compensation and Performance Management (BUSS 1703)-CW1-Spring-18-QP

BUSS 1703 (QP) Page 3 of 8

PART-B

Task 1

a. Critically evaluate the importance of Performance Appraisal in enhancing organizational performance. (10 Marks)

b. “Marouj Jalan Trading & Contracting is producing Fruit Juices and Pickles at its Barka factory. The company has following organization structure:

Answer the following questions:

i. What Performance Appraisal Criteria and Standards would you recommend for Salesman-2? (2.5 Marks)

ii. What Performance Appraisal Criteria and Standards would you recommend for Worker-1? (2.5 Marks)

iii. What Performance Appraisal Criteria and Standards would you recommend for the General Manager? (2.5 Marks)

iv. How will you motivate Sales Team to exceed its target? (2.5 Marks)

Compensation and Performance Management (BUSS 1703)-CW1-Spring-18-QP

BUSS 1703 (QP) Page 4 of 8

Task 2

“Generally, a firm, which is prosperous and successful, has the ability to more than the competition. However, there are numerous other factors that influence compensation policy.”

Discuss and explain any five relevant factors that influence compensation policy of an organization. (20 marks)

Task 3

Discuss the importance of Labor Laws (10 marks) and examine Oman Labor Law for the following provisions and discuss citing at least 2 relevant articles from each:

i. Labor Disputes (2.5 marks)

ii. Employment of Women (2.5 marks)

iii. Contract of Work (2.5 marks)

iv. Dismissal without prior notice (2.5 marks)

(You are required to quote relevant Article references from Oman Labor Law)

Evaluation Criteria

Marks allotted

Introduction

5

Part A

Case Study: There are 10 questions and each question carries 3 marks.

30

Part B Task 1

a. Critically evaluate the importance of Performance Appraisal in enhancing organizational performance. (10 Marks)

b.

i. What Performance Appraisal Criteria and Standards would you recommend for Salesman-2? (2.5 Marks)

ii. What Performance Appraisal Criteria and Standards would you recommend for Worker-1? (2.5 Marks)

iii. What Performance Appraisal Criteria and Standards would you recommend for the General Manager? (2.5

20

Compensation and Performance Management (BUSS 1703)-CW1-Spring-18-QP

BUSS 1703 (QP) Page 5 of 8

Marks)

iv. How will you motivate Sales Team to exceed its target? (2.5 Marks)

Task 2

Discuss and explain any five relevant factors that influence compensation policy of an organization. (20 marks)

20

Task 3

Discuss the importance of Labor Laws (10 marks)

Examine Oman Labor Law for the following provisions and discuss citing at least 2 relevant articles from each:

i. Labor Disputes (2.5 marks)

ii. Employment of Women (2.5 marks)

iii. Contract of Work (2.5 marks)

iv. Dismissal without prior notice (2.5 marks)

(Students are required to quote relevant Article references from Oman Labor Law)

20

Format and referencing

5

Total marks

100

Instructions for the assignment:

1. The assignment should have a cover page, table of contents, and introduction.

2. Total words count should not exceed 4000 words.

Compensation and Performance Management (BUSS 1703)-CW1-Spring-18-QP

BUSS 1703 (QP) Page 6 of 8

3. Use headings, diagrams, and brief tables if appropriate to illustrate points and to support your arguments.

4. Structure and development. Ensure that what you write makes a direct contribution to the question and try to avoid general or irrelevant information.

5. Support arguments with relevant journal articles, books etc.

6. The report should be done in Word, font size 12, font style Times New Roman, text color black, colours can be used ONLY in appendices, main body of the report should be black and white.

7. Referencing: You should demonstrate your reading in the subject area in your work through references. Remember to credit all sources of information that you use, in your text and in the references. (Please use Coventry Harvard style of referencing).

8. Appendices: You may attach appendices to your work, if you think they are necessary – they will not be included in the word-count.

9. Last date of submission: week 9

10. The assignment should be submitted on time through Moodle. Late submission shall be penalised as per the norms of MEC.

11. Late Submissions: Penalty for late submission: 5% of the maximum mark specified for the assessment will be deducted for each working day.

12. Feedback will be given through Moodle and in the timeline as stated in MIG.

13. Plagiarism Policy

As per MEC policy, any form of violation of academic integrity will invite severe penalty. Plagiarised documents, in part or in whole, submitted by the students will be subject to this policy.

A. First offence of plagiarism

a. A student will be allowed to re-submit the assignment once, within a maximum period of one week. However, a penalty of deduction of 25% of the marks obtained for the resubmitted work will be imposed.

b. Mark deduction: When the work is resubmitted, the marking will be undertaken according to the marking criteria. In compliance with this policy, the 25% deduction is then made on the marks obtained. For example, in an assessment that carries a maximum of 50 marks, suppose a student were to obtain 30 marks for the resubmitted work, the final marks for that assessment will be 22.5 (after deducting 25% of the marks actually obtained for the resubmitted work).

Compensation and Performance Management (BUSS 1703)-CW1-Spring-18-QP

BUSS 1703 (QP) Page 7 of 8

c. Period of resubmission: The student will have to resubmit the work one week from the date he or she is advised to resubmit. For example, if the formal advice to resubmit was communicated to the student on a Sunday (latest by 5 pm), the student will have to resubmit the work latest by next Sunday 5 pm.

d. If the re-submitted work is also detected to be plagiarized, then the work will be awarded a zero.

e. Resubmission of the work beyond the maximum period of one week will not be accepted and the work will be awarded a zero.

B. Any further offence of plagiarism

a. If any student is again caught in an act of plagiarism during his/her course of study (either in the same module, same semester or in any other semester), the student will directly be awarded zero for the work in which plagiarism is detected. In such cases, the student will not be allowed to re-submit the work.

C. Guidelines

a. Type 1: In case plagiarism is detected in any component or part submission (submitted at different times) of one assessment (assignment), the deduction in marks will be applicable for the whole assessment (assignment), even if only the component or part submission alone needs to be resubmitted.

b. Type 2: In case plagiarism is detected in a group assessment, all students of the group will be considered as having committed an act of plagiarism irrespective of whether plagiarism is on account of the act of all or a few or only one member. The policy will then be applied to all students.

c. Type 3: Combination of Type 1 and Type 2: In case plagiarism is detected in any component or part submission (submitted at different times) of a group assessment (assignment), the deduction in marks will be applicable for the whole assessment (assignment), even if only the component or part submission alone needs to be resubmitted. All students of the group would be considered as having committed an act of plagiarism irrespective of whether plagiarism is on account of the act of all or a few or only one member. The policy will then be applied to all the students of the group.

Compensation and Performance Management (BUSS 1703)-CW1-Spring-18-QP

BUSS 1703 (QP) Page 8 of 8

d. Type 4: Variation of Type 1 and Type 2: In cases where the assessment consists of components or part submissions that could be a group assessment component (e.g. group assignment) and an individual assessment component (e.g. individual reflection), the following will be applicable:

1. If plagiarism is detected in the group assessment component, all students of the group will be considered as having committed an act of plagiarism, irrespective of whether plagiarism is on account of the act of all or a few or only one member. The policy will then be applied to all students of the group. In such cases the group assessment component will be resubmitted as per the policy.

2. If plagiarism is detected in the individual assessment component, the individual assessment component will be resubmitted as per the policy. The policy will then be applied to that student alone.

3. In both cases (a) and/or (b), the deduction in marks will be applicable for the whole assessment (assignment).

D. Amount of similar material

a. The total amount of similar material in any form of student work from all sources put together should not exceed 30% (including direct quotations).

b. The total amount of quoted material (direct quotations) in any form of student work from all sources put together should not exceed 10%.

c. The total amount of similar material in any form of student work from a single source should not exceed 7 percent. However, cases having a similarity of less than 7 percent in such cases may still be investigated by the faculty depending on the seriousness of the case.

d. If faculty member find enough merit in the case of a student work with a similarity (with a single source) of more than 7 percent as not a case of plagiarism, the faculty member should provide detailed comments/remarks to justify the case.

Unformatted Attachment Preview

Compensation and Performance Management (BUSS 1703)-CW1-Spring-18-QP Individual Portfolio - Spring 2018 Module: Compensation and Performance Management (BUSS 1703) Level: 6 Max. Marks: 100 Duration: 5 weeks Instructions to Students:       Students should answer all questions. Individual assignment to be submitted through Moodle. Scale down to 60 marks – assessment marks. Marks awarded in the assessment are provisional till it is approved by the Exam Board. Viva will be conducted when required. Submission date: week 9 Module outcomes for this assessment: 1. Critically evaluate the strategic importance of compensation to the achievement of organisational goals. 2. Examine the link between compensation objectives and business strategy and the role of compensation in attracting, motivating, and retaining a high-quality workforce. 3. Evaluate basic job, making use of wage and salary survey. 4. Assess the relative merits of compensation to be used as competitive advantage for the organisation. 5. Discuss the role of compensation management as part of the new mandate for HR executives. PART - A Case Study: It is time for Mahfooda’s annual performance appraisal and Mustafa, her manager, has sought your advice on two problems which he has identified as “motivation” and “organization’s systems”. The appraisal system has a six point rating scale: 1. Excellent 2. Outstanding 3. Competent 4. Acceptable 5. Room for improvement 6. Unacceptable The annual pay increase is determined by the overall rating of the employee. BUSS 1703 (QP) Page 1 of 8 Compensation and Performance Management (BUSS 1703)-CW1-Spring-18-QP Mahfooda was recruited into Mustafa’s team 18 months ago. She took about 5 months to learn the job and achieve competence. Accordingly, at last year’s appraisal she and Mustafa agreed that an overall rating of “4” was appropriate. Mahfooda worked hard and developed her competence so that she was able to expand the range of her activities and perform better. How-ever, in the last 6 months, the company has been facing tough times and has been forced to rationalize the manpower to control costs. Workload on each employee has increased as a result of reduction in the manpower. Mahfooda has been working hard to learn new skills and has accepted more responsibilities as a result and therefore has a much more enriched job. How-ever, as she still has to develop new skills further, her performance is still “4”. There are aspects of her performance which she could improve. When Mustafa met Mahfooda to agree the time for the appraisal interview, she jokingly said- “I warn you, I am looking forward to a respectable pay rise this year.” Answer the following questions: 1. Why does Mahfooda feel that she deserves a pay rise- for her efforts or performance? (3 marks) 2. According to Mustafa, is Mahfooda right in her expectations of a pay rise? (3 marks) 3. Can Mustafa meet her expectations? Why? (3 marks) 4. Is Mahfooda’s job different from what it was when she first started? What do you recommend to Mustafa regarding job-evaluation of Mahfooda’s job? (3 marks) 5. What shall be the consequences if Mustafa over-rates her present performance to give her a payrise? (3 marks) 6. What shall be the consequences if Mustafa recommends re-evaluation of her job in view of higher responsibilities and then rate the performance in light of new re-evaluated job? (3 marks) 7. What would you recommend to Mustafa regarding above-mentioned choices? Why? (3 marks) 8. What Mustafa can do to keep Mahfooda motivated even without an expected pay-rise? (3 marks) 9. Should appraisal system also recognize efforts rather than performance alone? Justify. (3 marks) 10. What are Mustafa’s constraints as a manager with respect to company’s appraisal system and the remuneration system? (3 marks) BUSS 1703 (QP) Page 2 of 8 Compensation and Performance Management (BUSS 1703)-CW1-Spring-18-QP PART-B Task 1 a. Critically evaluate the importance of Performance Appraisal in enhancing organizational performance. (10 Marks) b. “Marouj Jalan Trading & Contracting is producing Fruit Juices and Pickles at its Barka factory. The company has following organization structure: Answer the following questions: i. What Performance Appraisal Criteria and Standards would you recommend for Salesman-2? (2.5 Marks) ii. What Performance Appraisal Criteria and Standards would you recommend for Worker-1? (2.5 Marks) iii. What Performance Appraisal Criteria and Standards would you recommend for the General Manager? (2.5 Marks) iv. How will you motivate Sales Team to exceed its target? (2.5 Marks) BUSS 1703 (QP) Page 3 of 8 Compensation and Performance Management (BUSS 1703)-CW1-Spring-18-QP Task 2 “Generally, a firm, which is prosperous and successful, has the ability to more than the competition. However, there are numerous other factors that influence compensation policy.” Discuss and explain any five relevant factors that influence compensation policy of an organization. (20 marks) Task 3 Discuss the importance of Labor Laws (10 marks) and examine Oman Labor Law for the following provisions and discuss citing at least 2 relevant articles from each: i. Labor Disputes (2.5 marks) ii. Employment of Women (2.5 marks) iii. Contract of Work (2.5 marks) iv. Dismissal without prior notice (2.5 marks) (You are required to quote relevant Article references from Oman Labor Law) Evaluation Criteria Marks allotted Introduction Part A Case Study: There are 10 questions and each question carries 3 30 marks. Part B 5 a. Critically evaluate the importance of Performance Appraisal in Task 1 enhancing organizational performance. (10 Marks) b. i. What Performance Appraisal Criteria and Standards would you recommend for Salesman-2? (2.5 Marks) ii. 20 What Performance Appraisal Criteria and Standards would you recommend for Worker-1? (2.5 Marks) iii. What Performance Appraisal Criteria and Standards would you recommend for the General Manager? (2.5 BUSS 1703 (QP) Page 4 of 8 Compensation and Performance Management (BUSS 1703)-CW1-Spring-18-QP Marks) iv. How will you motivate Sales Team to exceed its target? (2.5 Marks) Task 2 Discuss and explain any five relevant factors that influence compensation policy of an organization. (20 marks) Task 3 20 Discuss the importance of Labor Laws (10 marks) Examine Oman Labor Law for the following provisions and discuss citing at least 2 relevant articles from each: i. Labor Disputes (2.5 marks) ii. Employment of Women (2.5 marks) iii. Contract of Work (2.5 marks) iv. Dismissal without prior notice (2.5 20 marks) (Students are required to quote relevant Article references from Oman Labor Law) Format and referencing Total marks 5 100 Instructions for the assignment: 1. The assignment should have a cover page, table of contents, and introduction. 2. Total words count should not exceed 4000 words. BUSS 1703 (QP) Page 5 of 8 Compensation and Performance Management (BUSS 1703)-CW1-Spring-18-QP 3. Use headings, diagrams, and brief tables if appropriate to illustrate points and to support your arguments. 4. Structure and development. Ensure that what you write makes a direct contribution to the question and try to avoid general or irrelevant information. 5. Support arguments with relevant journal articles, books etc. 6. The report should be done in Word, font size 12, font style Times New Roman, text color black, colours can be used ONLY in appendices, main body of the report should be black and white. 7. Referencing: You should demonstrate your reading in the subject area in your work through references. Remember to credit all sources of information that you use, in your text and in the references. (Please use Coventry Harvard style of referencing). 8. Appendices: You may attach appendices to your work, if you think they are necessary – they will not be included in the word-count. 9. Last date of submission: week 9 10. The assignment should be submitted on time through Moodle. Late submission shall be penalised as per the norms of MEC. 11. Late Submissions: Penalty for late submission: 5% of the maximum mark specified for the assessment will be deducted for each working day. 12. Feedback will be given through Moodle and in the timeline as stated in MIG. 13. Plagiarism Policy As per MEC policy, any form of violation of academic integrity will invite severe penalty. Plagiarised documents, in part or in whole, submitted by the students will be subject to this policy. A. First offence of plagiarism a. A student will be allowed to re-submit the assignment once, within a maximum period of one week. However, a penalty of deduction of 25% of the marks obtained for the resubmitted work will be imposed. b. Mark deduction: When the work is resubmitted, the marking will be undertaken according to the marking criteria. In compliance with this policy, the 25% deduction is then made on the marks obtained. For example, in an assessment that carries a maximum of 50 marks, suppose a student were to obtain 30 marks for the resubmitted work, the final marks for that assessment will be 22.5 (after deducting 25% of the marks actually obtained for the resubmitted work). BUSS 1703 (QP) Page 6 of 8 Compensation and Performance Management (BUSS 1703)-CW1-Spring-18-QP c. Period of resubmission: The student will have to resubmit the work one week from the date he or she is advised to resubmit. For example, if the formal advice to resubmit was communicated to the student on a Sunday (latest by 5 pm), the student will have to resubmit the work latest by next Sunday 5 pm. d. If the re-submitted work is also detected to be plagiarized, then the work will be awarded a zero. e. Resubmission of the work beyond the maximum period of one week will not be accepted and the work will be awarded a zero. B. Any further offence of plagiarism a. If any student is again caught in an act of plagiarism during his/her course of study (either in the same module, same semester or in any other semester), the student will directly be awarded zero for the work in which plagiarism is detected. In such cases, the student will not be allowed to re-submit the work. C. Guidelines a. Type 1: In case plagiarism is detected in any component or part submission (submitted at different times) of one assessment (assignment), the deduction in marks will be applicable for the whole assessment (assignment), even if only the component or part submission alone needs to be resubmitted. b. Type 2: In case plagiarism is detected in a group assessment, all students of the group will be considered as having committed an act of plagiarism irrespective of whether plagiarism is on account of the act of all or a few or only one member. The policy will then be applied to all students. c. Type 3: Combination of Type 1 and Type 2: In case plagiarism is detected in any component or part submission (submitted at different times) of a group assessment (assignment), the deduction in marks will be applicable for the whole assessment (assignment), even if only the component or part submission alone needs to be resubmitted. All students of the group would be considered as having committed an act of plagiarism irrespective of whether plagiarism is on account of the act of all or a few or only one member. The policy will then be applied to all the students of the group. BUSS 1703 (QP) Page 7 of 8 Compensation and Performance Management (BUSS 1703)-CW1-Spring-18-QP d. Type 4: Variation of Type 1 and Type 2: In cases where the assessment consists of components or part submissions that could be a group assessment component (e.g. group assignment) and an individual assessment component (e.g. individual reflection), the following will be applicable: 1. If plagiarism is detected in the group assessment component, all students of the group will be considered as having committed an act of plagiarism, irrespective of whether plagiarism is on account of the act of all or a few or only one member. The policy will then be applied to all students of the group. In such cases the group assessment component will be resubmitted as per the policy. 2. If plagiarism is detected in the individual assessment component, the individual assessment component will be resubmitted as per the policy. The policy will then be applied to that student alone. 3. In both cases (a) and/or (b), the deduction in marks will be applicable for the whole assessment (assignment). D. Amount of similar material a. The total amount of similar material in any form of student work from all sources put together should not exceed 30% (including direct quotations). b. The total amount of quoted material (direct quotations) in any form of student work from all sources put together should not exceed 10%. c. The total amount of similar material in any form of student work from a single source should not exceed 7 percent. However, cases having a similarity of less than 7 percent in such cases may still be investigated by the faculty depending on the seriousness of the case. d. If faculty member find enough merit in the case of a student work with a similarity (with a single source) of more than 7 percent as not a case of plagiarism, the faculty member should provide detailed comments/remarks to justify the case. BUSS 1703 (QP) Page 8 of 8
Purchase answer to see full attachment
User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.

Explanation & Answer

Am lookin...


Anonymous
This is great! Exactly what I wanted.

Studypool
4.7
Trustpilot
4.5
Sitejabber
4.4

Similar Content

Related Tags