Assignment 2: Case Study: Phase 2 – Designing Your Base Pay Program (20%) Purpose Continuing with the case study approach, you will be given an opportunity to demonstrate your ability to develop a total compensation strategy for an organization and specifically outline their approach to determining base pay. How to Proceed You will continue to work with the case study from the previous assignment to complete the assignment. Building on your analysis in Assignment 1, develop your total compensation strategy, and include these elements: What will your new plan look like in terms of mix (base pay, performance pay, indirect pay)? Will all jobs have the same mix or will some jobs have a different mix? If different, why? What will be your compensation strategy relative to market (i.e., lead, lag, match) and why? How will you determine base pay (i.e., market pricing, job evaluation, pay for knowledge etc.) and why did you choose this method? Will you use the same method for all jobs or different methods for different jobs? Why or why not? Explain the steps you would go through to implement your chosen method. For example: If you choose job evaluation, explain which method would you use, the compensable factorsyou would measure, any factor weighting you would apply, and the process you would followfrom job analysis through to the rating process. If you choose market pricing, identify who your market comparator firms are and why youchoose them, how many firms you would survey, how you would obtain the informationneeded, how you would analyze the data (means, medians, weighted averages, quartiles),and the process you would follow from job analysis through to developing a market pay line. If you choose pay for knowledge, identify the skill blocks you have chosen, how you wouldprice your grid, what issues you would have to consider in terms of developing and implementing this method and what process you would follow from job analysis to the final grid development. Format Your report should be no more than 1500 words in length, 1.5 spaced, using a 12-point font. It is permissible to break your report down using the questions listed above as headings. Submit your report through the Assignment 2 dropbox in UM Learn. Your assignment must be submitted by the deadline date. Grading You will be assessed in accordance with following rubric: 9 or 10/10ExceptionalQuality of discussion expresses insightfulness and depth of understanding of course content. Student articulately explains ideas and opinions. Report is free of spelling and grammar errors.8/10ExcellentStudent correctly relates course concepts within paper. Student articulately explains ideas and opinions. Report fully answers all questions. Report is free of spelling and grammar errors.7/10Good to Very goodStudent correctly relates course concepts within paper. Main ideas are clear and fully explained. Student fully answers all questions. There are few grammar or spelling errors.6/10Adequate to SatisfactoryStudent correctly applies course concepts to example. Student fully answers all questions. Paper has a logical flow from section to section. There are few grammar or spelling errors.5/10MarginalStudent is unable to apply course material to assignment. The information presented has some errors. There are several grammar or spelling errors.0 to 4/10FailStudent misinterprets key concepts. There are significant errors in content and the interpretation of the material. There is a chaotic, disorganized presentation of the discussion. There is frequent use of poor grammar, sentence structure, and spelling.
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