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Assignment 5: Employee
Compensation and Benefits
Due
Week 10 and worth 250 points
This
assignment consists of two (2) sections: a narrative and a PowerPoint
presentation. You must submit two (2)
sections for the completion of this assignment. Label each file name
according to the section of the assignment it is written for.
Imagine
that you have just been hired by a new company as the director of the HR
department. You have been tasked to hire a new secretary for the department and
to develop an employee compensation and benefits package that will be used for
that position upon hire. Develop a PowerPoint presentation to present this
information to your Vice President. Go to the Bureau of Labor Statistics’ (BLS)
Website, located at www.bls.gov, for
information regarding organizations and pay in your geographical area.
Section 1: Narrative
Write
a two to three (2-3) page paper in which you:
1.
Choose
the type of organization for which you are designing the package.
2.
Develop
an employee compensation and benefits package for this new position. Support
your ideas for the compensation/benefits package.
3.
Use
at least three (3) quality academic resources in this assignment. Note: Wikipedia and other Websites do
not qualify as academic resources.
Section
1 of your assignment must follow these formatting requirements:
- Be typed,
double spaced, using Times New Roman font (size 12), with one-inch margins
on all sides; citations and references must follow APA or school-specific
format. Check with your professor for any additional instructions.
- Include a
cover page containing the title of the assignment, the student’s name, the
professor’s name, the course title, and the date. The cover page and the
reference page are not included in the required assignment page length.
Section 2:
Presentation
Create
a twenty (20) slide PowerPoint presentation in which you:
4.
Provide
an overview of the employee compensation and benefits package that you
developed in the narrative portion of this assignment.
5.
Determine
if the employee will be exempt or nonexempt and discuss how overtime will be
handled.
6.
Suggest
other benefits that might be considered within the next few months to enhance
employee performance and provide job motivation.
7.
Provide
information on how government regulations will influence the compensation.
8.
Examine
data from two (2) organizations listed in the BLS Website with packages similar
to yours, focusing on salary, compensation, and benefits in order to convince
upper management that your package should be accepted and implemented.
- Describe
how the competitive compensation and benefits package will align with the
HRM strategy.
The
specific course learning outcomes associated with this assignment are:
- Design
training and development systems to improve employee performance.
- Develop
competitive compensation and benefits packages that align with HRM
strategy.
- Use technology and information resources to research issues in
strategic human resource development.
- Write
clearly and concisely about strategic human resource development using
proper writing mechanics.
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