BUS 681 Week 2 Assignment

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Required Resources

Text

Read the following chapters in your text,  Strategic compensation :

· Chapter 3: Traditional Bases for Pay: Seniority and Merit

· Chapter 4: Incentive Pay

· Chapter 5: Person-Focused Pay

Martocchio, J.J. (2017).  Strategic compensation: A human resource management approach  (9th ed.). Retrieved from https://content.ashford.edu

· This text is a ConstellationTM course digital materials (CDM) title.

Recommended Resources

Articles

Gupta, N., & Jenkins, G.D., Jr. (1996, March). The politics of pay. Compensation and Benefits Review, 28(2), 23. Retrieved from the Proquest database.

Prince, N. R., Prince, J. B., Skousen, B. R., & Kabst, R. (2016, April). Incentive pay configurations: Bundle options and country-level adoption. Evidence-based HRM: a Global Forum for Empirical Scholarship, 4(1), 49-66. https://doi.org/10.1108/EBHRM-02-2015-0004 (Links to an external site.)

Van Hoof, K. (2017, March 22). 5 steps to a compensation strategy that helps your company thrive (Links to an external site.). PayScale. Retrieved from https://www.payscale.com/compensation-today/2017/03/5-steps-compensation-strategy

 

 

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 three-to-five page paper (not including the title and reference pages) to help you prepare. Your paper should be written in a scholarly third-person tone; it should be in APA format. In addition to the introduction and conclusion, your paper should address the following:

a. Explain the concept of “performance management.”

b. Identify the most prominent types of performance management plans.

c. Compare the plans’ impact on the employee and the organization.

d. Discuss the relationship between performance management and compensation.

e. Evaluate the factors that should be considered when successfully implementing performance management within an organization.

In addition to the text, cite at least two scholarly references to support your discussion.

Carefully review the  Grading Rubric (Links to an external site.) for the criteria that will be used to evaluate your assignment.

 
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