Objective\t\t\t\t\t\t\tThe learning objective of the project is to give you the practical experience of designing a compensation structure for an organization, beginning with the actual creation of a business, staffing it, implementing the pay plan, and assessing performance. You will also gain experience in utilizing a project team.\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tTeam Project Tour\t\t\t\t\t\t\t\u00c2\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\u00c2\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tTeam Project Tour\t\t\t\t\t\t\t\t\tThe\u00c2 tour is a quick and effective way to get an overview of the content and requirements of the required team project for the course.\t\t\t\t\t\t\t\t\tEstimated Duration:\u00c2\u00a0Eight minutes\t\t\t\t\t\t\t\u00c2\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tPhases\t\t\t\t\t\t\tThe project is designed in four phases:\t\u00b7 \ufffd\u00a0\u00a0\u00a0 Phase I: Establish a business\t\u00b7 \ufffd\u00a0\u00a0\u00a0 Phase II: Write job descriptions, create an organizational chart, and rank the jobs\t\u00b7 \ufffd\u00a0\u00a0\u00a0 Phase III:\u00c2 Collect market data\t\u00b7 \ufffd\u00a0\u00a0\u00a0 Phase IV: Focus on benefits and the compensation budget\tYou will work on the project in 4\u00c2”\ufffd5 person teams. You will sequentially work on the phases of the project, which when combined will result in the team paper. The following sections will provide details on each of the phases and\u00c2 what should be included in them.\tPhase\u00c2 I: Develop a theme for an organization\u00c2 \u00c2”\ufffd ungraded draft due Week 2\t\u00b7 \ufffd\u00a0\u00a0\u00a0 What is the business\u00c2 (technical, professional, service, etc.)? Create your business and give it a name.\t\u00b7 \ufffd\u00a0\u00a0\u00a0 Start developing a description of the organization (goals, strategy, culture, values, location, environment, product\/service).\t\u00b7 \ufffd\u00a0\u00a0\u00a0 Establish a staffing plan. Determine the positions needed. There is to be a minimum of 35 employees in the organization.\t\u00b7 \ufffd\u00a0\u00a0\u00a0 Think about the total compensation needs.\t\u00b7 \ufffd\u00a0\u00a0\u00a0 Develop an HR mission statement and objectives. This should express\u00c2 the company’s attitude toward hiring and retaining employees.\t\u00b7 \ufffd\u00a0\u00a0\u00a0 Scope of the position\t\u00b7 \ufffd\u00a0\u00a0\u00a0 Identify the job duties\t\u00b7 \ufffd\u00a0\u00a0\u00a0 Define the qualifications (education requirements, experience, skills, and other criteria).\t\u00b7 \ufffd\u00a0\u00a0\u00a0 Define the ADA requirements. Each job description should have ADA requirements defined per position. This should include the physical, mental, and environmental conditions per position.\tShow placement of staff\/departments in the organization chart. Create a basic Point Method system. Rank these jobs within the organization. Explain the methodology for your team project.\tPhase\u00c2 III: Market Data and Merit Program \u00c2”\ufffd ungraded draft due Week 6\t\u00b7 \ufffd\u00a0\u00a0\u00a0 Market Data\t\u00b7 \ufffd\u00a0\u00a0\u00a0 What is the competition?\t\u00b7 \ufffd\u00a0\u00a0\u00a0 What are the local demographics for the immediate area?\t\u00b7 \ufffd\u00a0\u00a0\u00a0 What is the Job Market like for the kinds of skills you will need? How hard or easy will it be to recruit and retain employees?\t\u00b7 \ufffd\u00a0\u00a0\u00a0 Find market data on your positions online to assist you in determining a pay grade structure.\t\u00b7 \ufffd\u00a0\u00a0\u00a0 Explain how you set up your pay grades.\t\u00b7 \ufffd\u00a0\u00a0\u00a0 Assign pay grades to each position.\t\u00b7 \ufffd\u00a0\u00a0\u00a0 Determine which type of performance evaluation you will use for each category of employees.\t\u00b7 \ufffd\u00a0\u00a0\u00a0 Design and include the performance appraisal forms that will support your system.\tDevelop a merit pay grid that supports your performance appraisal process. Explain the linkage from your performance appraisal to your merit system.\tPhase\u00c2 IV: Benefits and the compensation budget\u00c2 \u00c2”\ufffd graded final team project due\t\u00b7 \ufffd\u00a0\u00a0\u00a0 What benefits will be offered with the company plan?\t\u00b7 \ufffd\u00a0\u00a0\u00a0 Develop a budget and projection for total compensation for five years. Project the costs for each program included in your plan for all phases in the project.\t\u00b7 \ufffd\u00a0\u00a0\u00a0 Consider your percentage of sales for the organization in year\u00c2 one through year five. You are not required to project the company sales volume. Will the company be able to maintain the sales increases to support your proposed pay increases annually?\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tTimeline\t\t\t\t\t\t\tThere is a definite timeline for when phases of the team paper are submitted. Phase\u00c2 I is submitted by posting a draft document in your team\u00c2 discussion area\u00c2 at the end of Week 2.\u00c2 One document is submitted for the entire team.\tPhase\u00c2 II is posting a draft document in your team\u00c2 discussion area\u00c2 at the end of Week 4.\tPhase\u00c2 III is also posting a draft document in your team\u00c2 discussion area\u00c2 at the end of Week 6.\tPhase IV is\u00c2 the final version of the team paper. All four phases should be organized and forwarded to the instructor via the Dropbox by the team leader in one MS Word document by the end of Week 7.\tYour instructor will provide feedback on your draft work at the end of Phases I, II, and III. This will help you stay on track for the final project. Feedback will not be provided on your Phase\u00c2 IV draft.\tYour team will get the feedback on the draft submissions of Phase I, Phase II, and Phase III, usually within 48 hours from the instructor. The main purpose of the draft submissions is so that the instructor can see that you are keeping on track with the project. The feedback, which will be brief, should help you stay on track for the final project. These three submissions are considered rough draft documents that are evolving and may be revised.\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tTeams\t\t\t\t\t\t\tYour instructor will be assigning you to a team by Thursday of Week 1 and will be posting or e-mailing that information to you. You will be able to see your group thread set up in the “Teams” tab at the left-hand side of your screen below Week 8. By setting up your Discussion area in a separate location apart from the rest of the course, I can allow you access for the duration of the term, which makes it a lot easier to check back on directions, etc. You will be able to talk to your teammates in this thread, and others will not be able to see your discussions (except me).\tDuring the first week, after you have been assigned to a team, you will select a team leader and e-mail that person’s name to the instructor. This individual will take a particular interest in making sure that everyone gets an assignment and that all information is gathered and shared with the group on an ongoing basis.\tIn addition, the team leader will submit a Word document to the instructor by posting it as an attachment to a message in the team thread with a subject line that identifies the team and phase\u00c2 such as\u00c2 “Team A Submission of Phase I” or “Team B Submission of Phase III.” These will be posted at the end of Week 2, Week 4, and Week 6, respectively, for the various phases, so that the instructor can see that you are keeping on track with the project.\tAll team members are expected to fully participate in their team (such as regularly posting\/communicating, setting expectations, communicating with the quality and quantity necessary, clarifying, sharing drafts, challenging other members’ thinking, reflecting on group processes, and making\/supporting decisions), contribute substantially (such as researching, drafting findings, writing sections of paper\/project, reviewing others’ work, refining written work, taking the lead, proofing papers, and posting\/submitting final work), and\u00c2 all members are responsible for clarifying expectations and regularly communicating with each other. Please make sure that you complete your drafts early enough in the process and allow sufficient time\u00c2 to revise and proof your papers. Remember that when you accept responsibility to lead an effort or a produce part of the project, the expectation is that you will fulfill that responsibility.\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tSubmission of Final Team Paper and Rubric\t\t\t\t\t\t\tFinal Paper\tIn order to be considered complete, papers\u00a0must\u00a0utilize APA style and format and include the following: a title page, table of contents, executive summary (one page max), centered headings for each section, conclusion, reference section, and, if necessary, appropriate appendices. Please cite your sources where appropriate. The expectation is a minimum of five external reference citations for the project. These should be properly cited utilizing the APA in-text and reference page formats.\tAt the end of\u00a0Week 7, the entire project should be organized and forwarded to the instructor via the Dropbox by the team leader in one MS Word document by the\u00a0end of Week 7. In fairness to all students, late projects will receive a deduction of 5% per day through Tuesday of Week 8. No projects will be accepted after Tuesday unless prior arrangements are made with the instructor.\tFinal Team Project Papers, incorporating a final version of all four phases, will be graded based upon the team’s effort. The instructor reserves the right to assign individual grades based upon discretion. The instructor may utilize the Team Discussion Area as a way to determine participation and contribution to a project. It is highly recommended that all project communications be documented there. The team project will be graded based upon the criteria established in the\u00a0Team Paper Grading Rubric\u00a0below. All DeVry University policies are in effect, including the plagiarism policy.\tFor instructions on how to use the\u00a0Dropbox, read theseStep-by-Step Instructions or watch thisDropbox Tutorial.\tTeam Paper Grading Rubric\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tCategory\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tPoints\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t% Rounded\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tDescription\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tExecutive Summary\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t5\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t2\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tExecutive summary included; one page maximum.\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tPhase\u00c2 I\u00c2 \u00c2”\ufffd Develop A Theme for An Organization\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t20\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t9\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tBusiness named and adequately described\t\t\t\t\t\t\t\t\tStaffing Plan includes relevant positions for the business and a minimum of 35 employees\t\t\t\t\t\t\t\t\tTotal compensation needs of the business are described as it relates to the theme of the organization rather than specific programs\t\t\t\t\t\t\t\t\tHR Mission aligns with the business\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tPhase\u00c2 II\u00c2 \u00c2”\ufffd Write Job Descriptions and Establish a Point Factor Evaluation System\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t70\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t32\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tStandardized format for each job description with summary, outline of duties, KSAs and qualifications, and ADA requirements.\t\t\t\t\t\t\t\t\tAn organization chart shows the organization from a top down perspective in the appropriate format\t\t\t\t\t\t\t\t\tAppropriate factors are determined for the Point Factor Evaluation System\t\t\t\t\t\t\t\t\tPoint factor system establishes definitions for each level\t\t\t\t\t\t\t\t\tPoint factor system evaluates each job against the factors\t\t\t\t\t\t\t\t\tJob are aligned against the evaluation of the results and appropriate alignment exists\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tPhase\u00c2 III\u00c2 \u00c2”\ufffd Market Data and Merit Program\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t60\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t27\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tLocal competition for employees is described based upon valid data, including\u00c2 census\t\t\t\t\t\t\t\t\tDemographics and skills in the market are described Valid market data is found for positions and information is explained on how data was sourced\t\t\t\t\t\t\t\t\tA salary structure and appropriate pay grades are established for each position based upon market data\t\t\t\t\t\t\t\t\tAn explanation is provided for the establishment of the pay structure and how it supports the needs of the organization\t\t\t\t\t\t\t\t\tPerformance appraisal(s) are developed that support each employee group\t\t\t\t\t\t\t\t\tPerformance appraisal form can appropriately evaluate employee group\t\t\t\t\t\t\t\t\tMerit pay grid links and supports the performance appraisal system\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tPhase\u00c2 IV\u00c2 \u00c2”\ufffd Benefits and the Compensation Budget\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t20\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t9\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tDescribe the benefits that will be offered. This should include details on the plan.\t\t\t\t\t\t\t\t\tCompensation budget accurately includes all items in the Compensation Project\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tFormatting and Style\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t45\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t21\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tSubmitted in one MS Word document without spelling or grammatical errors.\t\t\t\t\t\t\t\t\tAPA format & style with title page, reference page, centered headings for major parts of the paper, page numbering in upper right corner, exec summary, table of contents, etc.\t\t\t\t\t\t\t\t\tMinimum of 5 external professional or academic quality sources with appropriately in-text citations and references in APA format.\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tTotal\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\u00c2 220\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t100\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tA quality paper will meet or exceed all of the above requirements.\t\t\t\t\t\t\t\u00c2\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tPeer Review Evaluation Sheet\t\t\t\t\t\t\tEach student should also complete a Peer Review Evaluation Sheetand submit it to the\u00a0“Week 7: Peer Review Evaluation” Dropbox\u00a0individually. The Peer Review Evaluation Sheet allows you to rate how effectively each member of the team, including yourself, contributed to the project assigned in this course. If a Peer Review Evaluation Sheet is not completed and submitted to the Dropbox, the student will lose 30 points. Peer Review Evaluation Sheets are not accepted late.\tFor instructions on how to use the\u00a0Dropbox, read theseStep-by-Step Instructions or watch thisDropbox Tutorial.\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tRelationship to Case Study Materials\t\t\t\t\t\t\tSome of the tools and approaches found in the Recovered Hardwood Products and Services case study used in this course will be of particular assistance to you in your team projects. See the examples in the lectures in Week 3 and Week 4. If you work on both the case study and the team project in a parallel fashion, it will be easier to complete your deliverables on time.\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tConclusion\t\t\t\t\t\t\tYou need to get started on this project ASAP, as it is quite a bit of work to complete in a short amount of time, and it will be imperative that you keep up. Do not wait until we have covered all the material to get started!X<\/p>\n","protected":false},"excerpt":{"rendered":"
Objective The learning objective of the project is to give you the practical experience of designing a compensation structure for an organization, beginning with the actual creation of a business, staffing it, implementing the pay plan, and assessing performance. You Read More …<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-222662","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/222662","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=222662"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/222662\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=222662"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=222662"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=222662"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}