Compensation Project

The benefit plan will include a New Employee job description, a Job Analysis and Job Evaluation, and a complete Benefit Plan. All information for the project can be based on a real or fictional company.

Due Date

Your final project is due in Module 04. There will be individual assignments along the way. The module they are due is noted in the time line below.

Time Line

Requirements

The project will include the following pieces, which will feed into the final 2-3 page benefit plan:

• A job description, which includes:
• Brief description of the organization.
• Describe the position the employee will hold within an organization.
• Ideas of benefits and compensation that may be considered for the exercise.

• A job analysis and job evaluation, which includes:
• The importance of each process for your position.
• Design a basic pay structure for the position.
• Evaluate how the process and pay structure relates to the organization success.

• A benefit and incentive plan, which includes:
• Design an incentive program and apply to your job analysis and description.
• Plan and create a detailed discretionary benefit plan and integrate the plan into the newly created position.
• List the benefits of the incentive program to the employee and the organization.

Evaluation

Each assignment leading up to the final assignment is evaluated and graded independently. Your instructor will provide specific grading criteria for each step of the project prior to its due date.