Compensation Package

Question 1

Designing a Compensation Package

Using the job description and evaluation method that you created for the exercises in weeks 2 & 3, and the feedback from peers, design a proposal for a competitive compensation package for the position, including the following elements:

• Job description
• Method of Job evaluation
• Intrinsic and extrinsic benefits
• Compensation package and rationale for same
• How performance will be measured
• Why the proposal you have created is appropriate for the market at this time.
• Compensation strategy.

It should be between 2000 – 2500 words in length excluding title page and references. Be sure to include at least 6 scholarly and/or popular sources, one of which must be the course text.

Question 2

For this individual assignment, find a job description for your ideal job. Write a summary discussing: 1) the job details- title, description, company, work hours, pay, etc, 2) quick background on the company (research it!), 3) how long you feel you would be happy working in this job, and 4) what you would like to see changed about the job and when. For example, I could see myself at NewYork Life for 8-10 years, and after 2 years I would hope to have X change (e.g. more pay, greater responsibility, better company cafeteria, a chance to fire my co-workers, promotion, two of these, etc; this depends on the type of job you want.) Be creative! Once you have completed your summary (approximately 2 pages in length), please attach the document to the assignment