WEEK 1Compensation Definition and Systems (graded)What is your definition of compensation? How do perspectives on compensation differ, and why does that matter? What forms of pay are used in your organization, and are they effective in motivating performance?Compensation Strategies and Organizations (graded)Look at the compensation strategies of Google, Nucor, and Merrill Lynch (see Exhibit 2.1 in the text). Discuss these companies’ compensation strategies, and see whether there is a fit between organization and strategy (See Exhibit 2.1 in the text and check out these companies’ websites, etc.). Are the business conditions, customers served, and employee skills the same for each? If not, how are they different? What are the compensation strategies used by your organization (or the last company you worked with)?WEEK 2Job Analysis (graded)Job analysis has been considered the cornerstone of human resource management. What is job analysis? Describe the job analysis process. What are some challenges with the job analysis process? How does it support managers making pay decisions?Internal Consistency (graded)What is a pay structure? Discuss the factors that influence internal pay structures. Based on your own experience and research, which factors do you feel are the most important? Why are these most important? What impact do they have on the design of the internal pay structures?
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