Compensation and Benefits

Final Paper: The final learning activity will be a final paper. The chapters in the text are organized into four parts, with two or more chapters in each part. The student will select two discussions from each part (not each chapter). The final paper will reflect the student’s knowledge of what is contained in the chapter from which the student selected the Discussion Question(s), as well as any other sources used to research the topic. Be sure to list the chapter, question number and the entire question as it appears in the eText, for each Discussion question chosen.

1-1.What are the main building blocks of compensation systems? Briefly describe each one.

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1-3.Are the three main structural elements of compensation systems—internal consistency, market competitiveness, and recognizing employee contributions—equally important, or do you believe that they differ in importance?

5-2.Person-focused pay is becoming more prevalent in companies; however, person-focused pay is not always an appropriate basis for compensation. Do you agree with this statement? Explain.

6-1. What are some differences between job analysis and job evaluation? How do these practices help establish internally consistent job structures?

7-1 Which do you believe is most important for a company’s competitive advantage: internal consistency or market competitiveness? Explain.

8-2 Are employees more likely to favor defined contribution plans over defined benefit plans? How about employers? Explain your answers.

10-2 Describe the principles of fee-for-service plans and managed care plans. What are the similarities and differences?

12-3 What impact will flexible work schedules have on employees’ commitment to their employers? On employee productivity? On company effectiveness? Explain.

13-3.Should U.S. companies increase base pay (beyond the level that would be paid in the United States) to motivate employees to accept foreign assignments? Explain.

13-4.Allowances and reimbursements for international assignments are costly. Should companies avoid international business activities? Explain. If you answer no, what can companies do to minimize costs?

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