Final Project

User Generated

obarf23

Business Finance

Description

With instructor approval, students will select an organization (Nike) that either has or is experiencing challenges with its compensation and benefit system. The student will provide a brief historical view of the organization. The student should assess the company’s current challenge, review other organizations that had a similar situation (and the strategy they devised to address the issue), explore theories and strategies that should be contemplated to address the situation, and finally, include a recommendation to management regarding how to address/resolve the situation. Importantly, the student should ensure any recommendations are based on solid research and analysis and reflect a comprehensive solution to the problem.

The Final Paper must include a minimum of eight credible sources (in addition to textbook). Research topics must be reviewed in advance with the instructor.

Writing the Compensation and Benefits Paper
This essay must reflect what is considered the current "state of the art" systems, reflecting both academic and professional (practical) orientations. The Final Paper must be 8-10 double-spaced pages (not including the title and reference pages) and be formatted according to APA style guidelines. This paper may be written in first person. This Final Paper should review the available research, discuss the implications of that research for the topic area, and provide conclusions. The paper should be organized into the following areas (use section headings to organize your key points):

  1. Introduction: The area of research should be described and the purpose of the research. That is, describe the topic area in terms of (a) its relationship to the topic and (b) what you want to be able to contribute to the training literature by writing this paper. Your introduction must include a succinct thesis statement.
  2. Review of the literature: Students must provide a brief historical view of the organization and assess the company’s current challenges. This review will include an examination of other organizations with similar situations, including the strategies used to address their issues. Students need to explore theories and strategies that could address the situation. Identify any areas that may have not been addressed in the literature used for review.
  3. Implications: Assess any implications. Organize the implications of the literature in a manner that logically builds the case for your recommendations. For each of your implications be sure to reference the literature related to that implication. Be sure to indicate whether the implication is one that has already been made in the literature or if this is one that is original to you through your own analysis.
  4. Recommendations: Based on the research, students must make recommendations for a comprehensive solution to the problem. This is where you tie all the pieces together. Make sure your recommendations are organized in a logical order that synthesizes your major points relative to the purpose of your paper. Be sure that your recommendations are justified and have credible support. Inspire your audience to think about the practical application of your topic. Remember, this is the last thing you are leaving with your reader so make the context of your message clear, communicate the impact of your topic, and leave a lasting impression.
  5. Conclusion: Be sure your conclusion summarizes your paper and explains how you have addressed the thesis statement.

Your paper should include:

  • Must include a title page according to APA style.
  • Must include an introductory paragraph with a succinct thesis statement.
  • Must address the topic of the paper with critical thought and analysis.
  • Must include section headings to organize your key points clearly.
  • Must include citations to references that support the assertions made and facts presented in the paper.
  • Must conclude a conclusion paragraph that ties directly back to your thesis statement.
  • Must use APA style as outlined in the approved APA style guide to document all sources.
  • Must include, on the final page, a reference list that is completed according to APA style as outlined in the approved APA style guide.

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

Attached.

Running Head: BENEFITS AND COMPENSATION POLICIES AT NIKE

Benefits and Compensation Philosophy at Nike
Student’s Name

Instructor

Institutional Affiliation

Date

1

BENEFITS AND COMPENSATION POLICIES AT NIKE

2

Introduction

Benefits and compensation management is a standout amongst the most critical roles of
human resource management. Compensation for workers plays a vital role in retaining
employees and goes a long way in building a decent name, therefore, allowing the company to
attract more talent and sell more (Bryant & Allen, 2013). Benefits and compensation include
overtime payments, salaries, house allowance, medical coverage, gifts, rewards, and other
benefits that workers accrue from organizations in light of their hard work. Compensation and
bonuses cause a representative to remain faithful to a company and can likewise help workers
shoe more devotion and dedication to their work (Adriaenssen, Johannessen & Setersdal, 2016).
A significant portion of firms attempt to work above the standards set by the industry to draw in
better workers and remain at the top of best organizations' representatives can select to work for.
For instance, Nike Inc.’s management of benefits and compensation are truly outstanding
in the sportswear business and in the economy at large. The organization pays its representatives
both on a part-time and full-time premise (Hofmann, 2015). They have a compensation system
that is merit-based which aims at advancing same pay for all representatives at all levels of their
profession. This strategy for compensation is additionally intended to encourage improvement in
experience, equal contribution, and capability building. Nike Inc. has classified its workers into
six levels which separate the amount of remuneration one gets (Adriaenssen, Johannessen &
Setersdal, 2016). Moreover, the organization pays their female and male representatives who
work on the same level differently. The company guarantees that they pay their representatives
above the standards set by the industry and guarantee that they give their workers’ salaries that
can enable them to meet and exceed the goals they have for their lives.

BENEFITS AND COMPENSATION POLICIES AT NIKE

3

The Nike athletic company started out as a tiny distributing outfit situated in the storage
compartment of Phil Knight's automobile. From these somewhat ominous beginnings, Knight's
idea developed to become the athletic and shoe company that would come to characterize
numerous aspects of mainstream culture and myriad "cool" products. Nike came up from two
sources: Bill Bowerman's unmistakable desire for better quality shoes for running had an impact
on Knight in his search for a strategy for marketing the items. Between the two, the idea of the
most well-known sporting organization developed. In the year 1970, while touring Japan, Phil
Knight planned a meeting with Tiger, a Japanese running shoe company. Introducing himself as
the agent of an American wholesaler interested in introducing Tiger shoes to sprinters in the
United States, Knight told the specialists of his enthusiasm for their item. Blue Ribbon Sports,
the name Knight thought of minutes in the wake of being asked who he was representing - came
to birth. Towards the end of the 1970s, Blue Ribbon Sports authoritatively progressed toward
becoming Nike and went from $10 million to $270 million in deals made (Adriaenssen,
Johannessen & Setersdal, 2016).

P...


Anonymous
Really helped me to better understand my coursework. Super recommended.

Studypool
4.7
Trustpilot
4.5
Sitejabber
4.4

Similar Content

Related Tags