Question BUS 681 Entire Course  Business – General Business

BUS 681 Entire Course

Business – General BusinessWeek 1

Discussion1

Compensation Strategy. Discuss the general goals of an organization’s compensation system, including how a compensation strategy works to support the organization’s business strategy. Respond to at least two of your fellow students’ postings.

Discussion1Compensation Practices. Discuss the various factors that influence a company’s competitive strategies and compensation practices. Assess how a company can mitigate these factors using effective compensation practices. Respond to at least two of your fellow students’ postings.

week 1 assignment

Journal Article Research and Analysis. Using a variety of research techniques, write a 3-5 page essay that summarizes the impact and affect of compensation within an organization. This essay should be based on research obtained through a minimum of three Journal articles.

Week 2

Discussion1

Seniority and Merit Pay. Define the concept of seniority and merit pay plans, including the strengths and limitations of such plans within an organization. Discuss the job, organizational and/or other factors that should be considered when deciding between the two. Respond to at least two of your fellow students’ postings.

Discussion2

Incentive Pay Plans. Discuss how incentive pay plans – both individual and group – motivate employees to achieve high levels of performance. Identify potential weaknesses of these plans and suggest steps that can be taken to make these plans highly effective. Then, choose one industry that either an individual or group incentive pay plan would work best providing support for your reasoning (using personal examples to illustrate your point if possible). Explain your answer. Respond to at least two of your fellow students’ postings.

week 2 assignment

Performance Management Issues. You have been asked to return to your alma mater and speak to current students about performance management issues. To make the most of this experience for yourself and the students, write a 3-5 page paper that details the following: the concept of “performance management”; the most prominent types of performance management plans; its impact on the employee and the organization; the relationship between performance management and compensation; and factors that should be considered when successfully implementing performance management within an organization.

Week 3

Discusion1

Building Blocks. Discuss the basic building blocks of developing a market competitive pay system, including the relationship between internal and external equity. Respond to at least two of your fellow students’ postings.

Discussion2

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