Strategic Pay Structure
•Evaluate the alignment of job classifications to this pay structure.Note: Your faculty may also use the Writing Feedback Tool to provide feedback on your writing. In the tool, click the linked resources for helpful writing information.ePortfolioYou should consider adding this assessment to your personal ePortfolio. This assessment demonstrates your ability to share a design for a pay structure. This skill is necessary in a professional setting when you are trying to make strategic compensation recommendations. You will want to organize your assessments to easily support future reflection and completion of your HRM capstone project as well as for showcasing your knowledge with employers after graduation. For more information on ePortfolio, visit the Campus ePortfolio page.Additional RequirementsThe deliverable for this assignment applies professional skills in HRM to workplace situations that you will likely encounter in your day-to-day work in HRM. As part of your learning, focus on the development of effective professional communication skills for the workplace.•Length: Your 3–4 page memo should be typed, double-spaced pages, including the resources page.•Organization: Make sure that your assignment writing is well organized, using headings and subheadings to organize content for the reader.•Font and font size: Times New Roman, 12-point.•Resources: Use two scholarly, peer-reviewed or academic sources.•Evidence: Support your assertions with data and/or in-text citations and create a reference list at the end of your document.•APA formatting: Resources and in-text citations are formatted according to current APA Style and Format. •Written communication: oAdhere to the rules of grammar, usage, and mechanics.oUse spell-check and other tools to ensure correct spelling and grammar.oWrite for a specific audience, using the vernacular of the profession.COMPETENCIES MEASUREDBy successfully completing this assessment, you will demonstrate your proficiency in the following course competencies and assessment criteria: •Competency 1: Assess the impact of compensation systems on individual and organizational performance.
oAnalyze the applicability of merit pay, sales-incentive plans, and person-focused programs for a given scenario. •Competency 2: Apply compensation theories to formulate a total rewards strategy.oPropose a strategic pay structure for a scenario including the number of pay structures, market pay line, defined pay grades, and pay ranges.•Competency 3: Analyze the influence of job classification systems on compensation programs. oEvaluate the alignment of job classifications to the proposed pay structure.•Competency 4: Communicate clearly, accurately, and professionally in the Human Resource Management field.oAdhere to the rules of grammar, usage, and mechanics.ReferenceMartocchio, J. J. (2020).Strategic compensation: A human resource management approach (10th ed.). Hoboken, NJ: Pearson.