HRM 5055 Week 4 Assignment Help

HRM 5055 Week 4   Assignment Help | Capella University 

·      HR CHALLENGE: INTERNALLY CONSISTENT AND EXTERNALLY COMPETITIVE

Introduction

As a newly hired compensation specialist, your first assignment is to design an internally consistent and externally competitive compensation system for CapraTek. Choose one specific job structure on which to conduct your analysis (administrative, R & D, sales, marketing, production). Review the assignment instructions and what research is required to successfully complete the task. First, focus on consistency for your system, which will include job analysis and job evaluation. Second, review how to create a competitive package that includes surveying the market. Finally, consider how to design a pay structure and evaluate various approaches, focusing on an overarching strategic approach.

Instructions

Use CapraTek's division structure, as well as online research, to analyze and create an overview of an internally consistent and externally competitive compensation system for CapraTek.

The deliverable for this assignment is a 4–5 page proposal of an internally consistent and externally competitive compensation system for CapraTek. Using CapraTek's division structure, as well as online research, analyze and create an overview of an internally consistent and externally competitive compensation system for CapraTek. The specific pay structure and benefit structure will be further developed in Weeks 6 and 8, respectively. Structure your proposal with the following headings:

Job Analysis and Job Evaluation

                        Conduct a job analysis and job evaluation for CapraTek to ensure internal consistency.

                        Analyze jobs and job classifications to understand how they work together and evaluate the effect of job classification systems on compensation.

Strategic Analysis

                        Conduct a strategic analysis, including internal and external considerations.

Market Compensation Survey Action Plan

                        Construct an action plan with recommendations for a market compensation survey. (You do not need to conduct a survey.)

Conclusion

                        Develop an overview of an internally consistent and externally competitive compensation system for CapraTek.

                        Validate your strategy as to why it is or is not an internally consistent and externally competitive compensation system.

Note: Your instructor may also use the Writing Feedback Tool to provide feedback on your writing. In the tool, click the linked resources for helpful writing information.

ePortfolio

You should consider adding this assessment to your personal ePortfolio. This assessment demonstrates your ability to share a design for a compensation system that is consistent internally and externally competitive. This skill is necessary in a professional setting when you are trying to make strategic  recommendations. You will want to organize your assessments to easily support future reflection and completion of your HRM capstone project as well as for showcasing your knowledge with employers after graduation. For more information on ePortfolio, visit the Campus ePortfolio page.

Assignment Requirements

The deliverable for this assignment applies professional skills in HRM to workplace situations that you will likely encounter in your day-to-day work in HRM. As part of your learning, focus on the development of effective professional communication skills for the workplace.

                        Length: Your 4–5 page proposal should be typed, double-spaced pages, including the resource page.

                        Organization: Make sure that your assignment writing is well organized, using headings and subheadings to organize content for the reader.

                        Font and font size: Times New Roman, 12-point.

                        Resources: Use two scholarly peer-reviewed or academic sources.

                        Evidence: Support your assertions with data and/or in-text citations and create a reference list at the end of your documents.

                        APA formatting: Resources and in-text citations are formatted according to current APA Style and Format.

                        Written communication:

o    Use spell-check and other tools to ensure correct spelling and grammar.

o    Write for a specific audience, using the vernacular of the profession.