Recognizing Performance Presentation
Assignment Content
- Your team is consulting with a local manufacturing company that has 1,200 employees and is the third largest employer in the area. When averaging all of the manufacturing employees’ salary divided by the market midpoint, the organization has a 0.90 compa ratio, meaning that on average employees earn 90% of the market rate. Using the current sales and profit trend, the company has the ability to increase compensation spending by 4% annually for the next three years.
Your firm has been asked to propose three approaches for management to consider:
increasing base pay
adding a team incentive plan such as profit sharing or individual incentive plan based on individual performance
a combination of base and incentive pay
Create a 10- to 15-slide Microsoft® PowerPoint®, Prezi, or Microsoft® Sway® presentation in which you:
Propose a plan for each of the three approaches.
Make a final recommendation.
Support your points with at least one source.
Include graphics and speaker notes on each slide that script what would be said if this information were to be presented in person.Format citations according to APA guidelines.
Recognizing Performance Presentation
1
Introduction to Employee Compensation
Different Types of Compensation Equities
Impact of Compensation Equities on Pay Rates
Legal Considerations on Compensation Pay Plans
Methods in Determining Job Compensation
Methods in Determining Job Compensation (continued)
Factors to Consider when Assigning Pay Rates
My Part
Factors to Consider when Assigning Pay Rates (continued)
My Part
Different Compensation Plans
Reasons for Increasing Base Pay
Reasons for having a Team Incentive Plan
Reasons for having an Individualized Incentive Plan
Reasons for having a Combination of Base and Incentive Pay
Recommendation
References