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Flashcards in HRM 324 UOP Complete Class, HRM 324 UOP Assignment, HRM 324 UOP Course Deck (21):
1

HRM 324 Week 5 Learning Team Total Compensation Plan
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HRM 324 Week 5 Learning Team Total Compensation Plan
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Resources: Assigned readings, Virtual Organization: Riordan Manufacturing, ERRs, the Internet, and other resources



Create a 1,200 – to 1,500 -word total compensation plan for Riordan Manufacturing. Your plan should address the following details:



· How your plan supports key objectives

· An evaluation of current trends and issues in total compensation and a prediction of future trends

· Internal and external equity

· A wage management process and rationale

· A retirement plan and how participation will be driven

· The influence of the organization’s financial condition on the total compensation plan

· How your plan will be communicated to leadership and employees



Create a Microsoft® PowerPoint® presentation of 12 to 15 slides that outlines the plan’s key components, and its stated requirements and objectives.



Format your paper consistent with APA guidelines.

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2

HRM 324 Week 5 Learning Team Managing Compensation
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HRM 324 Week 5 Learning Team Managing Compensation
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As a team write a minimum 700 word paper in which you discuss the various ways in which an organization can manage employee compensation/benefits costs. Discuss how organizations can manage compensation costs without compromising the goals of an effective compensation system, one of which is to motivate employees. Format and cite your paper according to APA standards.

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3

HRM 324 Week 5 Individual International Compensation
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HRM 324 Week 5 Individual International Compensation
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You are a HR Manager that’s been tasked with developing a compensation and benefits package for an expatriate. Prepare a 350-word paper discussing the considerations that need to be made when compensating an employee working abroad. Use this week’s readings and Internet research to aid you in indentifying these considerations. Format and cite your paper according to APA standards.

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4

HRM 324 Week 4 Learning Team Retirement Plans
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HRM 324 Week 4 Learning Team Retirement Plans
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As a team write a 700-1,050 word paper in which you compare and constrast defined benefit and defined contribution retirement plans. Format and cite your paper according to APA standards.

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5

HRM 324 Week 4 Individual Retirement Plan Communication
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HRM 324 Week 4 Individual Retirement Plan Communication
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You are an HR leader in a newly formed organization with 150 employees. The organization will offer employees a 401K plan.

Prepare a communication plan of 1400 – 1750 words. In your communication plan, include components that encourage participation in the retirement plan. Answer the following questions:

o What will you communicate to employees about the nature of 401K plans?

o How will you communicate information to employees?

o How often will you communicate information to employees?

o What tools or methods will you use to communicate the plan?

o How will you overcome resistance to participation?

Format and cite your paper according to APA standards.

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6

HRM 324 Week 4 DQ 2
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HRM 324 Week 4 DQ 2
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The communication of employee benefits is key. What should be the objectives of a benefits communication program? What types of communication tools does your organization use to communicate benefits?

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7

HRM 324 Week 4 DQ 1
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HRM 324 Week 4 DQ 1
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What is the difference between a defined contribution retirement plan and a defined benefit retirement plan?

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8

HRM 324 Week 3 Learning Team Performance-Based Pay and Employee Rewards Presentation
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HRM 324 Week 3 Learning Team Performance-Based Pay and Employee Rewards Presentation
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Create a Microsoft® PowerPoint® presentation outlining performance-based total compensation plans for two organizations. The organizations must be in different industries, have different employee groups, and utilize different pay strategies.

Describe the pay strategies being used. Because the organizations have different employee groups, the key objectives for each group should be different. In each organization, how is pay used to drive those objectives?

Compare direct and indirect rewards plans available to two types of employees. What total reward plans are offered? What similarities and differences exist among the plans? How well does each organization’s reward plan support expectations? Which organization has, in your opinion, better aligned pay and rewards with key objectives?



Create 10 to 15 slides for the presentation, including an introduction and a conclusion slide. Include speaker’s notes, and use at least three APA-formatted sources.

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9

HRM 324 Week 3 Learning Team Incentive Pay
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HRM 324 Week 3 Learning Team Incentive Pay
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Step 1

As a team, write an introduction discussing the nature of incentive plans and their benefit to employers and employees. The introduction should be a minimum of 200 words.

Step 2

Individually (each team member), discuss the individual, team/group and/or organizational wide incentives that are offered in your current organization or one that you’re familiar with. In a minimum 200-word synopsis, discuss how the incentive plans are administered and comment on whether believe the incentive plans are effective in motivating employees to go above and beyond to meet organizational goals. Each student’s synopsis should be labeled with their name.

Step 3

As a team, write at least 200 words that indentify common themes among the incentive plans within your chosen organizations as well as suggestions as to how incentive plans can be structured and administered to ensure maximum employee motivation.

Format and cite your paper according to APA standards.

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10

HRM 324 Week 3 Individual Mandatory (Legally Required) Benefits
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HRM 324 Week 3 Individual Mandatory (Legally Required) Benefits
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Choose one of the mandatory benefits as described in our readings and prepare a minimum 350-word synopsis of the benefit. Use at least one other source in preparing your paper. Format and cite your paper according to APA standards.

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11

HRM 324 Week 3 DQ 2
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HRM 324 Week 3 DQ 2
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Discuss your views about whether discretionary employee benefits should be an entitlement or something earned based on job performance.

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12

HRM 324 Week 3 DQ 1
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HRM 324 Week 3 DQ 1
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Does your employer have a pay for performance philosophy? If so, how is this philosophy executed? If your organization does not have a pay for performance philosophy, what are changes to pay based on?

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13

HRM 324 Week 2 Learning Team Wage Management
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HRM 324 Week 2 Learning Team Wage Management
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As a team write a 700-1,050 word paper in which you explore how a small start up organization’s compensation program would differ from that of a Fortune 500 organization. Comment on how the these two organizations would likely establish salaries for their employees, if and how they would give raises, if and how they would account for competitor’s pay, etc… Format and cite your paper according to APA standards.

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14

HRM 324 Week 2 Individual Internal and External Equity Comparison
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HRM 324 Week 2 Individual Internal and External Equity Comparison
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Write a 700-1,050 word paper in which you explore the concepts of internal and external equity in compensation. Define what it means to have internally equitable and externally equitable compensation system; how does an organization achieve an internally and externally equitable compensation system? Describe what could happen if an organization’s compensation system lacks internal and external equity. Format and cite your paper according to APA standards.

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15

HRM 324 Week 2 DQ 2
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HRM 324 Week 2 DQ 2
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How does an employer go about determining if their pay is market competitive?

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16

HRM 324 Week 2 DQ 1
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HRM 324 Week 2 DQ 1
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What is job analysis? Oftentimes job analysis is associated with staffing, but how does it relate to compensation?

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17

HRM 324 Week 1 Individual Legal Issues in Compensation
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HRM 324 Week 1 Individual Legal Issues in Compensation
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Assume the role of a human resources (HR) consultant. Unsure of legal obligations in designing a total compensation plan, a client has asked you to explain how certain laws and regulations affect total compensation in their organization. The client’s organization employs 200 people, is a federal contractor, and operates in the biotech industry.



· Write a 350- to 700-word paper discussing at least 3 laws/regulations influencing total compensation.

· Format your paper according to APA standards.

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18

HRM 324 Week 1 DQ 2
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HRM 324 Week 1 DQ 2
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What roles do national and organizational culture play in compensation?

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19

HRM 324 Week 1 DQ 1
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HRM 324 Week 1 DQ 1
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Describe your reaction to the following statement: Compensation has no bearing on a company’s performance.

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20

HRM 324 Final Exam Guide
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HRM 324 Final Exam Guide
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Base pay defined is?
Pay by the drink
Hourly or annual salary
Service fees
A fee that is paid per project
How is base pay adjusted over time?
Cost of living adjustments
Seniority pay, merit pay
Incentive pay, person focused pay
All of the above
Extrinsic compensation includes?
Base salaries and bonuses
Jobs that provide autonomy
Both monetary and nonmonetary rewards
Traditional pay
4) Competency based can be defined as?

Two basic types of focused pay programs, pay for knowledge and skill base pay
Compensation for longevity
Phased wage approach
Retirement compensation
5) Pay for knowledge can be defined as?

a) Rewards for managerial, service, or professional workers for successfully learning specific curricula

b) Consultant fees

c) Measures labor productivity

6) Skill-based pay defined is?

a) Employees who work on computers

b) A term used mostly for employees who do physical work

c) Trade that deals mainly with the restaurants industry

d) Skills considered supervisory

7) Incentive pay defined is?

Augments employees base pay
Appears as a one-time payment
Employees usually receive a combination of recurring base pay and incentive pay
All of the above
8) Incentive pay plans can be broadly classified into what 3 categories.

a) Store sales, profit levels, customer quality

b) Cost savings, reduction, services

c) Individual incentive plans, group incentive plans, company wide plans

d) Number of units produced, amount of sales, error rate

9) Individual incentive pay plans are most appropriate under what 3 conditions?

a) Where employee’s performance can be measured objectively, employees have sufficient control over work outcomes; incentive plans do not create a level of unhealthy competition

b) Piecework plans, management incentive plans, referral plans

c) Pay and performance relationships, strive for excellence, incentive awards with job performance

10) Pension plans that entitle employers and employees to substantial tax benefits are known as:

Qualified plans
Nonqualified plans
Plan termination and procedures
PBGC
11) Qualified pension plans posses’ 13 fundamental characteristics.

a) True

b) False

12) Qualified pension plans are subject to minimum accrual rules based on the Internal Revenue Code and ERISA.

a) True

b) False

13) Under an international setting, Home Country-Based Method is?

A method that compensates expatriates’ the amount they would receive if they were performing similar work in the United States
Court compensation
A standard benefit program
Hardship allowance
14) How many methods are there for calculating base pay for U.S. expatriates.

a) 1

b) 3

c) 2

d) 4

15) Hardship allowances compensate expatriates for their sacrifices while on assignment’s.

True
False
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21

HRM 324 Complete Class
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HRM 324 Complete Class
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