Compensation Philosophy
Evaluate the current compensation philosophy for your organization or an organization of your choosing (from a third-person perspective). Write a three-to-five page paper (not including the title and reference pages). Your paper should be written in a scholarly third-person tone; it should be in APA format. In addition to the introduction and conclusion, your paper should address the following:
Evaluate the organizations current compensation philosophy and propose ways to enhance or revamp the current compensation philosophy to meet the changing needs of the organization and its employees.
Examine key factors within the internal and external environment including the mission and strategic focus of the organization, as well as the financial and cultural aspects of your organization (i.e., they cannot have a compensation philosophy where they lead the market if the organization does not have the financial resources) that should influence this philosophy. The proposed philosophy itself should be no more than a short paragraph.
Identify the key factors that should contribute to the organizations development based on your proposed organizational philosophy.
Remember to write from a third-person perspective. Do not include wording like my companys philosophy is ¦ Instead include wording like XYZ Company Names philosophy is ¦ Remember to write about the company and the companys philosophy; do not refer to you or your connection to the company.
In addition to the text, cite at least two scholarly references to support your discussion.
Carefully review the Grading Rubric (Links to an external site.) for the criteria that will be used to evaluate your assignment.
Grading Rubric:
Total Possible Score: 7.00
Evaluates the Organizations Current Compensation Philosophy and Proposes Ways to Enhance or Revamp the Current Compensation Philosophy Organization and Its Employees
Total: 2.00
Distinguished – Accurately and thoroughly evaluates the organizations current compensation philosophy and propose ways to enhance or revamp the current compensation philosophy to meet the changing needs of the organization and its employees.
Proficient – Accurately evaluates the organizations current compensation philosophy and propose ways to enhance or revamp the current compensation philosophy to meet the changing needs of the organization and its employees. Minor details are missing.
Basic – Evaluates the organizations current compensation philosophy and propose ways to enhance or revamp the current compensation philosophy to meet the changing needs of the organization and its employees. Relevant details are missing and/or inaccurate.
Below Expectations – Attempts to evaluate the organizations current compensation philosophy and propose ways to enhance or revamp the current compensation philosophy to meet the changing needs of the organization and its employees; however, significant details are missing and/or inaccurate.
Non-Performance – The evaluation of the organizations current compensation philosophy and propose ways to enhance or revamp the current compensation philosophy to meet the changing needs of the organization and its employees is either nonexistent or lacks the components described in the assignment instructions.
Examines Key Factors Within the Internal and External Environment, Including the Mission and Strategic Focus of the Organization, as well as the Financial and Cultural Aspects of the Organization
Total: 2.00
Distinguished – Accurately and thoroughly examines key factors within the internal and external environment including the mission and strategic focus of the organization, as well as the financial and cultural aspects of your organization that should influence this philosophy.
Proficient – Accurately examines key factors within the internal and external environment including the mission and strategic focus of the organization, as well as the financial and cultural aspects of your organization that should influence this philosophy. Minor details are missing.
Basic – Examines key factors within the internal and external environment including the mission and strategic focus of the organization, as well as the financial and cultural aspects of your organization that should influence this philosophy. Relevant details are missing and/or inaccurate.
Below Expectations – Attempts to examine key factors within the internal and external environment including the mission and strategic focus of the organization, as well as the financial and cultural aspects of your organization that should influence this philosophy; however, significant details are missing and/or inaccurate.
Non-Performance – The examination of key factors within the internal and external environment including the mission and strategic focus of the organization, as well as the financial and cultural aspects of your organization that should influence this philosophy is either nonexistent or lacks the components described in the assignment instructions.
Identifies the Key Factors That Should Contribute to the Organizations Development Based On the Proposed Organizational Philosophy
Total: 2.00
Distinguished – Accurately identifies relevant key factors that should contribute to the organizations development based on your proposed organizational philosophy.
Proficient – Identifies the key factors that should contribute to the organizations development based on your proposed organizational philosophy. Some key factors are missing or some are not relevant.
Basic – Identifies the key factors that should contribute to the organizations development based on your proposed organizational philosophy. Several key factors are missing and/or are not relevant.
Below Expectations – Attempts to identify the key factors that should contribute to the organizations development based on your proposed organizational philosophy; however, many of the key factors are missing and/or are not relevant.
Non-Performance – The identification of the key factors that should contribute to the organizations development based on your proposed organizational philosophy is either nonexistent or lacks the components described in the assignment instructions.
Written Communication: Control of Syntax and Mechanics
Total: 0.25
Distinguished – Displays meticulous comprehension and organization of syntax and mechanics, such as spelling and grammar. Written work contains no errors and is very easy to understand.
Proficient – Displays comprehension and organization of syntax and mechanics, such as spelling and grammar. Written work contains only a few minor errors and is mostly easy to understand.
Basic – Displays basic comprehension of syntax and mechanics, such as spelling and grammar. Written work contains a few errors which may slightly distract the reader.
Below Expectations – Fails to display basic comprehension of syntax or mechanics, such as spelling and grammar. Written work contains major errors which distract the reader.
Non-Performance – The assignment is either nonexistent or lacks the components described in the instructions.
Written Communication: APA Formatting
Total: 0.25
Distinguished – Accurately uses APA formatting consistently throughout the paper, title page, and reference page.
Proficient – Exhibits APA formatting throughout the paper. However, layout contains a few minor errors.
Basic – Exhibits limited knowledge of APA formatting throughout the paper. However, layout does not meet all APA requirements.
Below Expectations – Fails to exhibit basic knowledge of APA formatting. There are frequent errors, making the layout difficult to distinguish as APA.
Non-Performance – The assignment is either nonexistent or lacks the components described in the instructions.
Written Communication: Page Requirement
Total: 0.25
Distinguished – The length of the paper is equivalent to the required number of correctly formatted pages.
Proficient – The length of the paper is nearly equivalent to the required number of correctly formatted pages.
Basic – The length of the paper is equivalent to at least three quarters of the required number of correctly formatted pages.
Below Expectations – The length of the paper is equivalent to at least one half of the required number of correctly formatted pages.
Non-Performance – The assignment is either nonexistent or lacks the components described in the instructions.
Written Communication: Resource Requirement
Total: 0.25
Distinguished – Uses more than the required number of scholarly sources, providing compelling evidence to support ideas. All sources on the reference page are used and cited correctly within the body of the assignment.
Proficient – Uses the required number of scholarly sources to support ideas. All sources on the reference page are used and cited correctly within the body of the assignment.
Basic – Uses less than the required number of sources to support ideas. Some sources may not be scholarly. Most sources on the reference page are used within the body of the assignment. Citations may not be formatted correctly.
Below Expectations – Uses an inadequate number of sources that provide little or no support for ideas. Sources used may not be scholarly. Most sources on the reference page are not used within the body of the assignment. Citations are not formatted correctly.
Non-Performance – The assignment is either nonexistent or lacks the components described in the instructions.
