FRANK HOPKINS ONLY!!! Bus 409

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BUS 409 – Student Notes

(Prerequisite: BUS 310)

COURSE DESCRIPTION

Introduces and analyzes the basic concepts of compensation administration in organizations. Provides an intensive study of the wage system, methods of job evaluation, wage and salary structures, and the legal constraints on compensation programs.

INSTRUCTIONAL MATERIALS

Required Resources

Martocchio, J. J. (2013). Strategic compensation: A human resource management approach (7th ed.). Upper Saddle River, NJ: Prentice Hall / Pearson.

Supplemental Resources

Andersen, S. (2012). The keys to effective strategic account planning. Velocity, 14(1), 23-26.

Burkhauser, R. V., Schmeiser, M. D., & Weathers II, R. R. (2012). The importance of anti-discrimination and workers’ compensation laws on the provision of workplace accommodations following the onset of a disability. Industrial & Labor Relations Review, 65(1), 161-180.

Employee compensation: 12 trends for 2012. (2012). HR Specialist, 10(2), 1-2.

Survey of the Month: Companies Focus On Updating Compensation in 2012. (2011). Report on Salary Surveys, 18(12), 1-5.

The Society of Human Resources Management (2012). General format. Retrieved from http://www.shrm.org

WorldatWork. (n.d.). General format. Retrieved from http://www.worldatwork.org

COURSE LEARNING OUTCOMES

1. Analyze how compensation practice can be applied to positively impact an organization and its stakeholders.

2. Examine the ways in which laws, labor unions, and market factors impact companies’ compensation practices.

3. Evaluate the effectiveness of traditional bases for pay (seniority and merit) against incentive-based and person-focused compensation approaches.

4. Compare and contrast internally consistent and market-competitive compensation systems.

5. Analyze the fundamental principles of pay structure design.

6. Evaluate the role of benefits in strategic compensation.

7. Suggest viable options to current practices regarding executive compensation.

8. Make recommendations for leveraging flexible and contingent workers for any given organization.

9. Determine the best possible approach for the compensation of expatriates.

10. Analyze differences between compensation, benefits, and legal and regulatory influences in the United States and the rest of the world.

11. Use technology and information resources to research issues in compensation management.

12. Write clearly and concisely about compensation management using proper writing mechanics.

WEEKLY COURSE SCHEDULE

The standard requirement for a 4.5 credit hour course is for students to spend 13.5 hours in weekly work. This includes preparation, activities, and evaluation regardless of delivery mode.

Week

Preparation, Activities, and Evaluation

Points

Preparation

· Reading(s)

· Chapter 1: Strategic Compensation

· Chapter 1, Case: Competitive Strategy at Sportsman Shoes

Activities

· Introduction Discussion

· Discussions

Evaluation

· None

Preparation

· Reading(s)

· Chapter 2: Contextual Influences on Compensation Practice

· e-Activity

· Use the Internet or the Strayer Library to research laws within your state that would directly affect compensation practices. Be prepared to discuss.

Activities

· Discussions

Evaluation

· Quiz 1: Chapter 1

Preparation

· Reading(s)

· Chapter 3: Traditional Bases for Pay

· e-Activity

· Use the Internet or the Strayer Library to research a publicly traded company or organization headquartered in your state with a focus on its approach to base pay system (i.e., seniority versus merit pay systems). Be prepared to discuss.

Activities

· Discussions

Evaluation

· Quiz 2: Chapter 2

Preparation

· Reading(s)

· Chapter 4: Incentive Pay

· Chapter 5: Person-Focused Pay

· e-Activity

· Use the Internet or the Strayer Library to research a company or organization for which you would like to work focusing on its current base of employee pay. Be prepared to discuss.

Activities

· Discussions

Evaluation

· Quiz 3: Chapter 3

· Assignment 1: Compensation Practice

250

Preparation

· Reading(s)

· Chapter 6: Building Internally-Consistent Compensation Systems

· Chapter 6, Case: Internal Consistency at Customers First

· Chapter 7: Building Market-Competitive Compensation Systems

· e-Activity

· Use the Internet or the Strayer Library to find a position with a company or organization with which you would consider working. Be prepared to discuss.

Activities

· Discussions

Evaluation

· Quiz 4: Chapters 4 and 5

Preparation

· Reading(s)

· Chapter 8: Building Pay Structures that Recognize Employee Contributions

· e-Activity

· Use the Internet or the Strayer Library to research person-focused pay programs with a focus on how they could be incorporated into your current (or future) place of employment. Be prepared to discuss.

Activities

· Discussions

Evaluation

· Quiz 5: Chapters 6 and 7

Preparation

· Reading(s)

· Chapter 9: Discretionary Benefits

· Chapter 10: Employer-Sponsored Retirement Plans and Health Insurance Programs

· Chapter 10 Case Study: A Health Savings Account at Frontline PR

· e-Activity

· Use the Internet or the Strayer Library to research the discretionary benefits offered by the company for which you would like to work, or for which you currently work. Be prepared to discuss.

Activities

· Discussions

Evaluation

· Quiz 6: Chapter 8

Preparation

· Reading(s)

· Chapter 11: Legally Required Benefits

· Chapter 11, Case Study: Benefits for Part-Time Workers

Activities

· Discussions

Evaluation

· Quiz 7: Chapters 9 and 10

· Assignment 2: Compensation Plan Outline

300

Preparation

· Reading(s)

· Chapter 12: Compensating Executives

· Chapter 13: Compensating the Flexible Workforce

· e-Activities

· Use the Internet or the Strayer Library to research the debate concerning seeming excessive executive compensation. Be prepared to discuss.

· Use the Internet or Strayer Library to research compensation practices for contingent workers at a company for which you would like to work. Be prepared to discuss.

Activities

· Discussions

Evaluation

· Quiz 8: Chapter 11

Preparation

· Reading(s)

· Chapter 14: Compensating Expatriates

· Chapter 15: Pay and Benefits Outside the United States

· e-Activity

· Use the Internet or the Strayer Library to research a foreign country of your choice (excluding Canada), with a focus on that country’s cultural characteristics. Be prepared to discuss.

Activities

· Discussions

Evaluation

· Quiz 9: Chapters 12 and 13

Preparation

· Reading(s): None

Activities

· Discussions

Evaluation

· Quiz 10: Chapters 14 and 15

GRADING SCALE – UNDERGRADUATE

Assignment	Total Points	% of Grade
Quizzes (open book with a 1-hour time limit per chapter) (15 chapters, 15 questions each, worth 3 points apiece)	675	46%
Assignment 1: Compensation Practice	250	17%
Assignment 2: Compensation Plan Outline	300	20%
Participation (22 discussions worth 10 points apiece; Introduction Discussion worth 20 points)	240	17%
Total	1,465	100%

Points	Percentage	Grade
1,318 – 1,465	90% – 100%	A
1,172 – 1,317	80% – 89%	B
1,025 – 1,171	70% – 79%	C
879 – 1,024	60% – 69%	D
Below 879	Below 60%	F

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BUS 409 – Compensation Management

© 2015 Strayer University. All Rights Reserved. This document contains Strayer University Confidential and Proprietary information and may not be copied, further distributed, or otherwise disclosed in whole or in part, without the expressed written permission of Strayer University.

BUS 409 STUDENT GUIDE 1156 (5-14-2015) Page 2 of 6

Assignment 1: Compensation Practice

Due Week 4 and worth 250 points

Use the Internet or the Strayer Library to research a publicly traded company for which you would like to work.

Write a six to eight (6-8) page paper in which you:

1. Briefly describe the company you researched, its compensation strategy, best practices they are applying, and compensation-related challenges they are facing.

2. Analyze how your company applies compensation practice to determine the positive or negative impact to the company and its stakeholders.

3. Examine the ways in which laws, labor unions, and market factors impact the company’s compensation practices. Provide specific examples to support your response.

4. Evaluate the effectiveness of traditional bases for pay at the company you researched.

5. Use at least three (3) quality references. Note: Wikipedia and other Websites do not qualify as academic resources.

Your assignment must follow these formatting requirements:

· Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.

· Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.

The specific course learning outcomes associated with this assignment are:

· Analyze how compensation practice can be applied to positively impact an organization and its stakeholders.

· Examine the ways in which laws, labor unions, and market factors impact companies’ compensation practices.

· Evaluate the effectiveness of traditional bases for pay (seniority and merit) against incentive-based and person-focused compensation approaches.

· Use technology and information resources to research issues in compensation management.

· Write clearly and concisely about compensation management using proper writing mechanics.

Grading for this assignment will be based on answer quality, logic / organization of the paper, and language and writing skills, using the following rubric.

Points: 250	Assignment 1: Compensation Practice
Criteria	Unacceptable Below 60% F	Meets Minimum Expectations 60-69% D	Fair 70-79% C	Proficient 80-89% B	Exemplary 90-100% A
1. Briefly describe the company you researched, its compensation strategy, best practices they are applying, and compensation-related challenges they are facing. Weight: 10%	Did not submit or incompletely described the company you researched, its compensation strategy, best practices they are applying, and compensation-related challenges they are facing.	Insufficiently described the company you researched, its compensation strategy, best practices they are applying, and compensation-related challenges they are facing.	Partially described the company you researched, its compensation strategy, best practices they are applying, and compensation-related challenges they are facing.	Satisfactorily described the company you researched, its compensation strategy, best practices they are applying, and compensation-related challenges they are facing.	Thoroughly described the company you researched, its compensation strategy, best practices they are applying, and compensation-related challenges they are facing.
2. Analyze how your company applies compensation practice to determine the positive or negative impact to the company and its stakeholders. Weight: 25%	Did not submit or incompletely analyzed how your company applies compensation practice to determine the positive or negative impact to the company and its stakeholders.	Insufficiently analyzed how your company applies compensation practice to determine the positive or negative impact to the company and its stakeholders.	Partially analyzed how your company applies compensation practice to determine the positive or negative impact to the company and its stakeholders.	Satisfactorily analyzed how your company applies compensation practice to determine the positive or negative impact to the company and its stakeholders.	Thoroughly analyzed how your company applies compensation practice to determine the positive or negative impact to the company and its stakeholders.
3. Examine the ways in which laws, labor unions, and market factors impact the company’s compensation practices. Provide specific examples to support your response. Weight: 25%	Did not submit or incompletely examined the ways in which laws, labor unions, and market factors impact the company’s compensation practices. Did not submit or incompletely provided specific examples to support your response.	Insufficiently examined the ways in which laws, labor unions, and market factors impact the company’s compensation practices. Insufficiently provided specific examples to support your response.	Partially examined the ways in which laws, labor unions, and market factors impact the company’s compensation practices. Partially provided specific examples to support your response.	Satisfactorily examined the ways in which laws, labor unions, and market factors impact the company’s compensation practices. Satisfactorily provided specific examples to support your response.	Thoroughly examined the ways in which laws, labor unions, and market factors impact the company’s compensation practices. Thoroughly provided specific examples to support your response.
4. Evaluate the effectiveness of traditional bases for pay at the company you researched. Weight: 25%	Did not submit or incompletely evaluated the effectiveness of traditional bases for pay at the company you researched.	Insufficiently evaluated the effectiveness of traditional bases for pay at the company you researched.	Partially evaluated the effectiveness of traditional bases for pay at the company you researched.	Satisfactorily evaluated the effectiveness of traditional bases for pay at the company you researched.	Thoroughly evaluated the effectiveness of traditional bases for pay at the company you researched.
5. 3 references Weight: 5%	No references provided	Does not meet the required number of references; all references poor quality choices.	Does not meet the required number of references; some references poor quality choices.	Meets number of required references; all references high quality choices.	Exceeds number of required references; all references high quality choices.
6. Clarity, writing mechanics, and formatting requirements Weight: 10%	More than 8 errors present	7-8 errors present	5-6 errors present	3-4 errors present	0-2 errors present

Assignment 2: Compensation Plan Outline

Due Week 8 and worth 300 points

Using the same company you researched in Assignment 1, evaluate the company’s compensation plan to determine how it could be improved.

Write a six to eight (6-8) page paper in which you:

1. Evaluate the existing compensation plan to determine if it is the most appropriate for your company. Explain your rationale.

2. Determine the most beneficial ratio of internally consistent and market consistent compensations systems for the company you selected.

3. Evaluate the current pay structure used by your company and assess the recognition of employee contributions.

4. Make two (2) recommendations for improving the effectiveness of the discretionary benefits provided by the company you selected.

5. Evaluate the types of employer-sponsored retirement plans and health insurance programs provided by the company you selected and compare them to that company’s major competitors.

6. Use at least three (3) quality references. Note: Wikipedia and other Websites do not qualify as academic resources.

Your assignment must follow these formatting requirements:

· Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; references must follow APA or school-specific format. Check with your professor for any additional instructions.

The specific course learning outcomes associated with this assignment are:

· Evaluate the effectiveness of traditional bases for pay (seniority and merit) against incentive-based and person-focused compensation approaches.

· Compare and contrast internally consistent and market-competitive compensation systems.

· Evaluate the role of benefits in strategic compensation.

· Use technology and information resources to research issues in compensation management.

· Write clearly and concisely about compensation management using proper writing mechanics.

Grading for this assignment will be based on answer quality, logic / organization of the paper, and language and writing skills, using the following rubric.

Points: 300	Assignment 2: Compensation Plan Outline
Criteria	Unacceptable Below 60% F	Meets Minimum Expectations 60-69% D	Fair 70-79% C	Proficient 80-89% B	Exemplary 90-100% A
1. Evaluate the existing compensation plan to determine if it is the most appropriate for your company. Explain your rationale. Weight: 15%	Did not submit or incompletely evaluated the existing compensation plan to determine if it is the most appropriate for your company. Did not submit or incompletely explained your rationale.	Insufficiently evaluated the existing compensation plan to determine if it is the most appropriate for your company. Insufficiently explained your rationale.	Partially evaluated the existing compensation plan to determine if it is the most appropriate for your company. Partially explained your rationale.	Satisfactorily evaluated the existing compensation plan to determine if it is the most appropriate for your company. Satisfactorily explained your rationale.	Thoroughly evaluated the existing compensation plan to determine if it is the most appropriate for your company. Thoroughly explained your rationale.
2. Determine the most beneficial ratio of internally consistent and market consistent compensations systems for the company you selected. Weight: 15%	Did not submit or incompletely determined the most beneficial ratio of internally consistent and market consistent compensations systems for the company you selected.	Insufficiently determined the most beneficial ratio of internally consistent and market consistent compensations systems for the company you selected.	Partially determined the most beneficial ratio of internally consistent and market consistent compensations systems for the company you selected.	Satisfactorily determined the most beneficial ratio of internally consistent and market consistent compensations systems for the company you selected.	Thoroughly determined the most beneficial ratio of internally consistent and market consistent compensations systems for the company you selected.
3. Evaluate the current pay structure used by your company and assess the recognition of employee contributions. Weight: 20%	Did not submit or incompletely evaluated the current pay structure used by your company and did not submit or incompletely assessed the recognition of employee contributions.	Insufficiently evaluated the current pay structure used by your company and insufficiently assessed the recognition of employee contributions.	Partially evaluated the current pay structure used by your company and partially assessed the recognition of employee contributions.	Satisfactorily evaluated the current pay structure used by your company and satisfactorily assessed the recognition of employee contributions.	Thoroughly evaluated the current pay structure used by your company and thoroughly assessed the recognition of employee contributions.
4. Make two (2) recommendations for improving the effectiveness of the discretionary benefits provided by the company you selected. Weight: 20%	Did not submit or incompletely made two (2) recommendations for improving the effectiveness of the discretionary benefits provided by the company you selected.	Insufficiently made two (2) recommendations for improving the effectiveness of the discretionary benefits provided by the company you selected.	Partially made two (2) recommendations for improving the effectiveness of the discretionary benefits provided by the company you selected.	Satisfactorily made two (2) recommendations for improving the effectiveness of the discretionary benefits provided by the company you selected.	Thoroughly made two (2) recommendations for improving the effectiveness of the discretionary benefits provided by the company you selected.
5. Evaluate the types of employer-sponsored retirement plans and health insurance programs provided by the company you selected and compare them to that company’s major competitors. Weight: 15%	Did not submit or incompletely evaluated the types of employer-sponsored retirement plans and health insurance programs provided by the company you selected. Did not submit or incompletely compared them to that company’s major competitors.	Insufficiently evaluated the types of employer-sponsored retirement plans and health insurance programs provided by the company you selected and insufficiently compared them to that company’s major competitors.	Partially evaluated the types of employer-sponsored retirement plans and health insurance programs provided by the company you selected and partially compared them to that company’s major competitors.	Satisfactorily evaluated the types of employer-sponsored retirement plans and health insurance programs provided by the company you selected and satisfactorily compared them to that company’s major competitors.	Thoroughly evaluated the types of employer-sponsored retirement plans and health insurance programs provided by the company you selected and thoroughly compared them to that company’s major competitors.
6. 3 references Weight: 5%	No references provided	Does not meet the required number of references; all references poor quality choices.	Does not meet the required number of references; some references poor quality choices.	Meets number of required references; all references high quality choices.	Exceeds number of required references; all references high quality choices.
7. Clarity, writing mechanics, and formatting requirements Weight: 10%	More than 8 errors present	7-8 errors present	5-6 errors present	3-4 errors present	0-2 errors present

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BUS 409 – Assignments and Rubrics

Weekly Course Schedule

The purpose of the course schedule is to give you, at a glance, the required preparation, activities, and evaluation components of your course. For more information about your course, whether on-ground or online, access your online course shell.

The expectations for a 4.5 credit hour course are for students to spend 13.5 hours in weekly work. This time estimate includes preparation, activities, and evaluation regardless of the delivery mode.

Instructional Materials

In order to be fully prepared, obtain a copy of the required textbooks and other instructional materials prior to the first day of class. When available, Strayer University provides a link to the first three (3) chapters of your textbook(s) in eBook format. Check your online course shell for availability.

Review the online course shell or check with your professor to determine whether Internet-based assignments and activities are used in this course.

Strayer students are encouraged to purchase their course materials through our designated Strayer Bookstore. http://www.strayerbookstore.com If a lab is required for the course, the Strayer Bookstore is the only vendor that sells the correct registration code so that Strayer students may access labs successfully.

Discussions

To earn full credit in an online threaded discussion, students must have one original post and a minimum of one other post per discussion thread.

Please note: Material in the online class will be made available on the previous Thursday. As it is always possible that students could lose their work due to unforeseen circumstances, it is a best practice to routinely save a working draft in a separate file before posting in the course discussion area. Professors hold discussions during class time for on-ground students. Check with your professor if any additional discussion participation is required in the online course shell outside of class hours.

Tests

Tests (quizzes, midterm and final exams, essay exams, lab tests, etc.) are available for student access and completion through the online course shell. Check the online course shell to determine how you are expected to take the tests.

· Online students are to complete the test by Monday 9:00 a.m. Details regarding due dates are posted in the Blackboard Calendar tool.

· On-ground students are to complete the tests after the material is covered and before the next class session.

Assignments

A standardized performance grading rubric is a tool your professor will use to evaluate your written assignments. Review the rubric before submitting assignments that have grading rubrics associated with them to ensure you have met the performance criteria stated on the rubric.

Grades are based on individual effort. There is no group grading; however, working in groups in the online or on-ground classroom is acceptable.

Assignments for online students are always submitted through the online course shell. On-ground professors will inform students on how to submit assignments, whether in paper format or through the online course shell.

Resources

The Resource Center navigation button in the online course shell contains helpful links. Strayer University Library Resources are available here as well as other important information. You should review this area to find resources and answers to common questions.

Technical support is available for the following:

· For technical questions, please contact Strayer Online Technical Support by logging in to your iCampus account at https://icampus.strayer.edu/login and submitting a case under “Student Center,” then “Submit Help Ticket.” If you are unable to log in to your iCampus account, please contact Technical Support via phone at (877) 642-2999.

· For concerns with your class, please access the Solution Center by logging in to your iCampus account at https://icampus.strayer.edu/login and submitting a case under “Student Center,” then “Submit Help Ticket.” If you are unable to log in to your iCampus account, please contact the IT Help Desk at (866) 610-8123 or at mailto:[email protected].

TurnItIn.com is an optional online tool to assess the originality of student written work. Check with your professor for access and use instructions.

The Strayer Policies link on the navigation bar in the online course shell contains academic policies. It is important that students be aware of these policies.