Compensation Plan
Shonta7614The assignment will be graded using the following rubric:
Points: 300 |
Assignment: Compensation Plan Outline |
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Criteria |
Unacceptable Below 60% F |
Meets Minimum Expectations 60-69% D |
Fair 70-79% C |
Proficient 80-89% B |
Exemplary 90-100% A |
1. Evaluate the existing compensation plan to determine if it is the most appropriate for your company. Explain your rationale. Weight: 15% |
Did not submit or incompletely evaluated the existing compensation plan to determine if it is the most appropriate for your company. Did not submit or incompletely explained your rationale. |
Insufficiently evaluated the existing compensation plan to determine if it is the most appropriate for your company. Insufficiently explained your rationale. |
Partially evaluated the existing compensation plan to determine if it is the most appropriate for your company. Partially explained your rationale. |
Satisfactorily evaluated the existing compensation plan to determine if it is the most appropriate for your company. Satisfactorily explained your rationale. |
Thoroughly evaluated the existing compensation plan to determine if it is the most appropriate for your company. Thoroughly explained your rationale. |
2. Determine the most beneficial ratio of internally consistent and market consistent compensations systems for the company you selected. Weight: 15% |
Did not submit or incompletely determined the most beneficial ratio of internally consistent and market consistent compensations systems for the company you selected. |
Insufficiently determined the most beneficial ratio of internally consistent and market consistent compensations systems for the company you selected. |
Partially determined the most beneficial ratio of internally consistent and market consistent compensations systems for the company you selected. |
Satisfactorily determined the most beneficial ratio of internally consistent and market consistent compensations systems for the company you selected. |
Thoroughly determined the most beneficial ratio of internally consistent and market consistent compensations systems for the company you selected. |
3. Evaluate the current pay structure used by your company and assess the recognition of employee contributions. Weight: 20% |
Did not submit or incompletely evaluated the current pay structure used by your company and did not submit or incompletely assessed the recognition of employee contributions. |
Insufficiently evaluated the current pay structure used by your company and insufficiently assessed the recognition of employee contributions. |
Partially evaluated the current pay structure used by your company and partially assessed the recognition of employee contributions. |
Satisfactorily evaluated the current pay structure used by your company and satisfactorily assessed the recognition of employee contributions. |
Thoroughly evaluated the current pay structure used by your company and thoroughly assessed the recognition of employee contributions. |
4. Make two (2) recommendations for improving the effectiveness of the discretionary benefits provided by the company you selected. Weight: 20% |
Did not submit or incompletely made two (2) recommendations for improving the effectiveness of the discretionary benefits provided by the company you selected. |
Insufficiently made two (2) recommendations for improving the effectiveness of the discretionary benefits provided by the company you selected. |
Partially made two (2) recommendations for improving the effectiveness of the discretionary benefits provided by the company you selected. |
Satisfactorily made two (2) recommendations for improving the effectiveness of the discretionary benefits provided by the company you selected. |
Thoroughly made two (2) recommendations for improving the effectiveness of the discretionary benefits provided by the company you selected. |
5. Evaluate the types of employer-sponsored retirement plans and health insurance programs provided by the company you selected and compare them to that company’s major competitors. Weight: 15% |
Did not submit or incompletely evaluated the types of employer-sponsored retirement plans and health insurance programs provided by the company you selected. Did not submit or incompletely compared them to that company’s major competitors. |
Insufficiently evaluated the types of employer-sponsored retirement plans and health insurance programs provided by the company you selected and insufficiently compared them to that company’s major competitors. |
Partially evaluated the types of employer-sponsored retirement plans and health insurance programs provided by the company you selected and partially compared them to that company’s major competitors. |
Satisfactorily evaluated the types of employer-sponsored retirement plans and health insurance programs provided by the company you selected and satisfactorily compared them to that company’s major competitors. |
Thoroughly evaluated the types of employer-sponsored retirement plans and health insurance programs provided by the company you selected and thoroughly compared them to that company’s major competitors. |
6. 3 references Weight: 5% |
No references provided |
Does not meet the required number of references; all references poor quality choices. |
Does not meet the required number of references; some references poor quality choices. |
Meets number of required references; all references high quality choices. |
Exceeds number of required references; all references high quality choices. |
7. Clarity, writing mechanics, and formatting requirements Weight: 10% |
More than 8 errors present |
7-8 errors present |
5-6 errors present |
3-4 errors present |
0-2 errors present |