HR essay

Total Compensation – HRA 360

Midterm due Week Four

Instructions: There are five questions and you are to select four to answer. Each response is worth a maximum of 50 points. Number and state the question. Space and then give your response. Each response will be a minimum 200 and maximum 350 words. Utilize the book, at least one resource beyond the course book and your personal examples in each response. This means that beyond the course text you should have a minimum of 5 references for this midterm exam. Create appropriate headings/subheading for each response and then give your detailed answer to the question.

Use Word doc. or docx only. Times New Roman, 12 font and double-space everything. Include a cover page and reference page. Return exam via email attachment NLT. Follow APA 6th ed. formatting requirements.

1. Define compensation. Discuss which meaning of compensation seems most appropriate from an employee’s view: return, reward, or entitlement and discuss the policy issues in the pay model.

2. Discuss the factors that influence the accounting of HR cost outlays and the payroll systems work.

3. Discuss why job analysis has been considered the cornerstone of human resources management.

4. Discuss and explain the connections between business planning process, human resource planning, and compensation planning and talent management for organizational success.

5. Define and discuss share based compensation and the benefit and cost factors.