Developing a Compensation Plan

You are required to write an individual essay, using peer-reviewed scholarly sources, turning compensation strategy and management into a proposed compensation system. You must integrate theories and concepts in this essay from this class, as well as from your prior Human Resources classes (e.g. legal framework) and Organizational Behaviour classes (e.g. motivation theories).The paper will focus on developing a compensation plan for a specific job within an organization (e.g., an assistant professor of management at the University of Guelph; the Chief Human Resource Officer at TD in Toronto). This plan must be thorough (i.e., engaging with all key elements of determining compensation), realistic (i.e., accounting for practical considerations), and justified (i.e., clearly explained and supported by evidence; defensible). It may be beneficial to select a job you want to hold in the future within an organization you want to work. (However, even if you are using an existing position, you must work towards a new, evidence-based compensation system rather than simply describing or replicating the existing system, otherwise you are engaging in a form of academic misconduct).In writing this paper, you will need to think about how the organization’s strategic objectives are being achieved through its policies and practices. You will be able to engage with some of the practices covered in this course in order to develop a compensation plan (e.g., formulating a job description). However, other practices will not be possible for you to actually conduct (e.g., a job analysis). In those situations you will need to find information that would support your approach, explain how you would go about engaging with this practice, what considerations you would need to make during the step(s), and the likely results that would emerge from this process (which may guide you into another step of the compensation process).As a more technical-styled essay, your ability to explain your thinking and provide reasoned rationale for your suggestions will be core o success with this paper. It will be up to you to determine which steps would need to be completed and which steps or approaches are not necessary to develop this compensation plan, and communicate your reasoning clearly. Merely naming component parts of what would be used to determine compensation is insufficient.To do well on this paper, you will need to engage in: knowledge integration and application, strategic and critical thinking, clear communication, evidence-based decision making, and creative design. This final assignment will take significant time to complete sufficiently; therefore, your time management throughout the semester on this assignment will be core to your success.You are required to write an individual essay (max. 15 pages double spaced; 12-point font; 1 inch margins; properly referenced). The topic of this essay is: As a manager, what I would do from a compensation perspective to select, retain and motivate my employees . You should integrate theories in this essay from this class, as well as from your prior Human Resource classes (e.g. legal framework) and Organizational Behaviour classes (e.g. motivation theories).

Don't use plagiarized sources. Get Your Custom Essay on
Developing a Compensation Plan
Just from $13/Page
Order Essay
Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more