complete the following steps to see if you are a red-circled employee or green-circled employee, and more importantly, determine your market value both as a civilian and (if applicable) as a service member. If you are not currently working, then complete this assignment based upon a prior job. Please know that the information within this assignment will remain completely confidential within the course and will only be assessed based on the assignment requirements.
We understand that this assignment can be a little tricky if you are in the military. However, the learning objectives in this assignment will assist you in a number of ways. Furthermore, the following site has some useful information for those in the military where you can put in your MOS and receive civilian work equivalents: O*Net Military Crosswalk Search: https://www.onetonline.org/crosswalk/MOC?b=A&s=MOS-25C-001&g=Go
Step 1
Research what the pay range is in the market for a position that is comparable to yours. This information can be located using the U.S. Bureau of Labor Statistics (www.bls.gov) or the Occupational Network Online (https://www.onetonline.org/).
Step 2
Find the midpoint or average of the market pay range for your position.
Step 3
Divide your current pay by the pay range midpoint. If your compa-ratio is above 100 percent, your pay is above market value and, if it is below, then it is below market value.
Example:
$76,000.00 (current pay)
Employee Joe Smith = —————————————- x 100 = 76% (Compa-ratio)
$100,000.00 (midpoint)
Strategically using the compa-ratio values during performance appraisals can be helpful to determine the maximum and minimum amounts for salary increases. Usually, an 80%-100% compa-ratio is the norm; however, each organization will have their own standards. In the example above, a raise would be necessary.
As a practical example, if an employee exceeds expectations in all areas of a performance review and has a current compa-ratio of 76%, then the HR manager can recommend a higher raise to meet the specific organizations minimum standard of all jobs having a 80% – 90% compa-ratio to stay competitive in the market.
Once you have finished computing your compa-ratio, write a 1- to 2-page paper addressing the following questions:
- Discuss your calculations, your compa-ratio, and the impact of your compa-ratio compared against the market. How satisfied are you with your pay and why?
- Next, as an HR Manager, what are the implications of all employees being underpaid in a company? How would you deal with this dilemma? How does employee and organizational performance relate to compensation?
- After conducting some research and reading the background readings, how would you determine a fair pay adjustment budget?
Table of Contents
Assignment Expectations
The Case papers in this course will be evaluated using the criteria as stated in the Case rubric. The following is a review of the rubric criteria:
- Assignment-Driven: Does the paper fully address all aspects of the assignment? Is the assignment addressed accurately and precisely using sound logic? Does the paper meet minimum length requirements?
- Critical Thinking: Does the paper demonstrate graduate-level analysis, in which information derived from multiple sources, expert opinions, and assumptions has been critically evaluated and synthesized in the formulation of a logical set of conclusions? Does the paper address the topic with sufficient depth of discussion and analysis?
- Business Writing: Is the essay logical, well organized and well written? Are the grammar, spelling, and vocabulary appropriate for graduate-level work? Are section headings included? Are paraphrasing and synthesis of concepts the primary means of responding, or is justification/support instead conveyed through excessive use of direct quotations?
- Effective Use of Information: Does the submission demonstrate that the student has read, understood, and can apply the background materials for the module? If required, has the student demonstrated effective research, as evidenced by students use of relevant and quality sources? Do additional sources used provide strong support for conclusions drawn, and do they help in shaping the overall paper?
- Citing Sources: Does the student demonstrate understanding of APA Style of referencing, by inclusion of proper citations (for paraphrased text and direct quotations) as appropriate? Have all sources (e.g., references used from the Background page, the assignment readings, and outside research) been included, and are these properly cited? Have all sources cited in the paper been included on the References page?
- Timeliness: Has the assignment been submitted to TLC (Tridents learning management system) on or before the modules due date?
Case reports are to be prepared in Microsoft Word and should be 2-3 pages in length, in addition to a cover page (course name and number, module number, session name, Attention is to be given to citing sources of information in-text (within the body of the paper) as well as in the end references section of your paper. In-text citation and end reference formatting instructions are available
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