BUS 409 - Compensation Practice

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ybnawrnyba

Business Finance

Description

Assignment 1: Compensation Practice

Worth 250 points

Use the Internet or the Strayer Library to research a publicly traded company for which you would like to work.

Write an eight (8) page paper in which you:

  1. Briefly describe the company you researched, its compensation strategy, best practices they are applying, and compensation-related challenges they are facing.
  2. Analyze how your company applies compensation practice to determine the positive or negative impact to the company and its stakeholders.
  3. Examine the ways in which laws, labor unions, and market factors impact the company’s compensation practices. Provide specific examples to support your response.
  4. Evaluate the effectiveness of traditional bases for pay at the company you researched.
  5. Use at least five (5) quality references. Note: Wikipedia and other Websites do not qualify as academic resources.

Your assignment must follow these formatting requirements:

  • Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.
  • Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.

The specific course learning outcomes associated with this assignment are:

  • Analyze how compensation practice can be applied to positively impact an organization and its stakeholders.
  • Examine the ways in which laws, labor unions, and market factors impact companies’ compensation practices.
  • Evaluate the effectiveness of traditional bases for pay (seniority and merit) against incentive-based and person-focused compensation approaches.
  • Use technology and information resources to research issues in compensation management.
  • Write clearly and concisely about compensation management using proper writing mechanics.

Grading for this assignment will be based on answer quality, logic / organization of the paper, and language and writing skills, using the following rubric.

Points: 250

Assignment 1: Compensation Practice

Criteria

Unacceptable

Below 60% F

Meets Minimum Expectations

60-69% D

Fair

70-79% C

Proficient

80-89% B

Exemplary

90-100% A

1. Briefly describe the company you researched, its compensation strategy, best practices they are applying, and compensation-related challenges they are facing.

Weight: 10%

Did not submit or incompletely described the company you researched, its compensation strategy, best practices they are applying, and compensation-related challenges they are facing.

Insufficiently described the company you researched, its compensation strategy, best practices they are applying, and compensation-related challenges they are facing.

Partially described the company you researched, its compensation strategy, best practices they are applying, and compensation-related challenges they are facing.

Satisfactorily described the company you researched, its compensation strategy, best practices they are applying, and compensation-related challenges they are facing.

Thoroughly described the company you researched, its compensation strategy, best practices they are applying, and compensation-related challenges they are facing.

2. Analyze how your company applies compensation practice to determine the positive or negative impact to the company and its stakeholders.

Weight: 25%

Did not submit or incompletely analyzed how your company applies compensation practice to determine the positive or negative impact to the company and its stakeholders.

Insufficiently analyzed how your company applies compensation practice to determine the positive or negative impact to the company and its stakeholders.

Partially analyzed how your company applies compensation practice to determine the positive or negative impact to the company and its stakeholders.

Satisfactorily analyzed how your company applies compensation practice to determine the positive or negative impact to the company and its stakeholders.

Thoroughly analyzed how your company applies compensation practice to determine the positive or negative impact to the company and its stakeholders.

3. Examine the ways in which laws, labor unions, and market factors impact the company’s compensation practices. Provide specific examples to support your response.

Weight: 25%

Did not submit or incompletely examined the ways in which laws, labor unions, and market factors impact the company’s compensation practices. Did not submit or incompletely provided specific examples to support your response.

Insufficiently examined the ways in which laws, labor unions, and market factors impact the company’s compensation practices. Insufficiently provided specific examples to support your response.

Partially examined the ways in which laws, labor unions, and market factors impact the company’s compensation practices. Partially provided specific examples to support your response.

Satisfactorily examined the ways in which laws, labor unions, and market factors impact the company’s compensation practices. Satisfactorily provided specific examples to support your response.

Thoroughly examined the ways in which laws, labor unions, and market factors impact the company’s compensation practices. Thoroughly provided specific examples to support your response.

4. Evaluate the effectiveness of traditional bases for pay at the company you researched.

Weight: 25%

Did not submit or incompletely evaluated the effectiveness of traditional bases for pay at the company you researched.

Insufficiently evaluated the effectiveness of traditional bases for pay at the company you researched.

Partially evaluated the effectiveness of traditional bases for pay at the company you researched.

Satisfactorily evaluated the effectiveness of traditional bases for pay at the company you researched.

Thoroughly evaluated the effectiveness of traditional bases for pay at the company you researched.

5. 3 references

Weight: 5%

No references provided

Does not meet the required number of references; all references poor quality choices.

Does not meet the required number of references; some references poor quality choices.

Meets number of required references; all references high quality choices.

Exceeds number of required references; all references high quality choices.

6. Clarity, writing mechanics, and formatting requirements

Weight: 10%

More than 8 errors present

7-8 errors present

5-6 errors present

3-4 errors present

0-2 errors present

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Explanation & Answer

Attached.

COMPENSATION PRACTICE
Outline
This paper briefly describes the company I researched, its compensation strategy, best practices
they are applying, and compensation-related challenges they are facing. Yet again, it analyzes
how my company applies compensation practice to determine the positive or negative impact to
the company and its stakeholders. It examines the ways in which laws, labor unions, and market
factors impact the company’s compensation practices. Finally, this paper evaluates the
effectiveness of traditional bases for pay at the company I researched.

Attached.

Running Head: Compensation Practice

Compensation Practice
Student:
Professor:
Course:
Date:

Compensation Practice
Introduction
Wal-Mart Stores Inc. is among the biggest companies in the universe in terms of financial
performance, business value and organizational size. However, the company must make sure that
its human resources are offered support in satisfying business expectations and needs. Wal-Mart
must take into consideration how its activities, for instance, internal organizational procedures,
support its human resources. For example, the firm or rather company must address its job
design and human resource planning, and how these aspects contribute to high performance level
of the personnel. Wal-Mart Stores Inc. human resource management must take into consideration
how career development, compensation, performance management, retention and training \,
recruitment and selection and organizational structure contribute to the productivity of the
employees of the publicly traded company.
Brief Description
Wal-Mart Stores, Inc. engages in wholesale and retail business. It operates via the following
segments: Sam’s Club, Wal-Mart International, and Wal-Mart US. The Wal-Mart U.S segment
comprises of digital retail operation and retail store in the United States, (Gene, 1999). Yet again,
it offers financial products and similar related products for instance bill payment, check cashing,
wire transfers, prepaid cash and money orders. The Wal-Mart International Segment is grouped
into wholesale, retail and other format operates outside in the United States. These groups or
rather categories include Sam’s Club, digital retail, convenience stores, drug stores, apparel
store, specialty electronics, home improvement, cash and carry, warehouse clubs, hypermarkets,
supermarkets and supercenters. The Sam’s Club segment consists of membership-only
samsclub.com and warehouse clubs. It offers tire and battery centers, optical, pharmacy, auto

2|Page

Compensation Practice
buying, specialty services, hearing aid centers, and business operation support services. James
Lawrence Walton and Samuel Moore Walton on July 2, 1962, and its headquarters are
Bentonville, AR.
Compensation Strategy
Wal-Mart’s compensation is stratified. Pay is on the basis of the job relative to the organizational
structure. The worker’s performance also partially affects the compensation. This combination is
on the basis of pay levels and grades that correspond to a variety of job positions within the
company.
Wal-Mart...


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