Preparation of a document allowing every member of the group/team to contribute equally. Submit a written copy (PPT, Notes, Document) on Canvas. In the simulation, the group is proposing that the recommendations be accepted by the leadership of the organization. The team should be able to defend choices and withstand rigorous Q & A should the instructor question any part of the document.
In addition to company mission, industry information, size of business or department, and background, the presentation project document will include supporting material; e.g., job descriptions, scales, ranges, market surveys….in a format commensurate with a presentation to senior management.
The final document presentation must appear seamless covering the following bullets and will be judged by the Instructor.
Discuss the company’s business, mission, strategy, and adapted compensation program.
Write/present policies and procedures in formal P & P format establishing compensation practices such as, but not limited to, in-hire levels and authorizations, cycle of evaluations/increases, handling of increases as a result of promotions, “maxing out” cases, and, if appropriate, incentives including bonuses and non-monetary options. The team may extrapolate data from other jobs to the benchmarked jobs as appropriate.
Create a wage and salary plan including salary scales with ranges. Identify the placement/distribution of the 10 to 15 benchmark jobs on scales.
Produce results of surveys in the presentation using appropriate formatting; e.g., matrix tables.
Each student member in the group will receive the same grade as the group gets with plus or minus adjustments determined by the quality of the individual presentation the student made within the total group presentation. Students may distinguish themselves in the preparation and presentation of their portion of the assignment.
You will be asked to evaluate the participation of other group members in your team in a private format.
Create a program that would normally fall under the Rewards aspect known as Work Environment.
Produce results of surveys in the presentation using appropriate formatting; e.g., matrix tables.
Each student member in the group will receive the same grade as the group gets with plus or minus adjustments determined by the quality of the individual presentation the student made within the total group presentation. Students may distinguish themselves in the preparation and presentation of their portion of the assignment.
You will be asked to evaluate the participation of other group members in your team in a private format.
Although this is a project the only parts you will have to do are the Introduction to Humana Inc.