Human Resources Management - Compensation and Benefits

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oebjarlrf

Business Finance

HRM 307

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This first assignment is due on or before SATURDAY at 11:59 pm EST. Please attempt to keep your answers to a paragraph or two.

  1. Explain with examples the “total returns” people receive from work.
  2. Compensation for many people is an inherently personal and emotional issue. Express your opinion and give an example of how “taking compensation personally,” can play-out on the job.
  3. Explain the key elements of The Pay Model and how it can be used to develop an organization’s pay strategy.
  4. Can pay systems be effectively tailored to support differing business strategies? Explain your answer and give an example.

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Evaluation Rubric for Weekly Unit Assignments 1. 2. 3. 4. CRITERIA Deficient (0 - 5 Points) Demonstrate your understanding and relevance of each question. Answer each question completely and concisely Support each answer with relevant examples and/or sources Clear and professional writing and format Does not understand each question nor their relevance to the learning material Generally understands each question and their relevance to the learning material Completely understands each question and their relevance to the learning material 10 Fails to answer each question completely and concisely Generally answers each question completely and concisely Generally provides relevant examples and/or sources supporting each answer Completely answers each question completely and concisely Completely provides relevant examples and/or sources supporting each answer 50 Few errors that do not impede professional presentation Writing and format is clear, professional, APA compliant, and error free 10 Fails to provide relevant examples and/or sources supporting each answer Errors impede professional presentation; guidelines not followed Proficient (6 – 8 Points) Exemplary (9 - 10 Points) Points Possible 30 Total Points: 100
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