Fluent Essays

You are the human resources (HR) manager for a technology company that provides technical support for hospitals using computer systems that share information. Your company has just been awarded a new contract that is requiring a huge increase in the organizations workforce. The contract will involve providing technical support for several large hospital systems in the Midwest. As a result, you have been asked to outline the process that you will use to develop an internally consistent compensation system and present it to the owners of the company for approval. Create a two-page essay in which you address the following issues: Describe the reasons why an internally consistent compensation system is necessary. Outline the process involved in creating an internally consistent compensation system. In the introduction to your essay, create a fictional name and location for your company. Make sure that your essay includes enough information to convince the owners that the time, effort, and manpower that this process will take will be worth it to the company in the long run. Adhere to APA Style when constructing this assignment, including in-text citations and references for all sources that are used. Please note that no abstract is needed.  Textbook: Martocchio, J. J. (2020). Strategic compensation: A human resource management approach (10th ed.). Pearson. https://online.vitalsource.com/#/books/9780135201930MHR 6901, Compensation Management 1 Course Learning Outcomes for Unit III Upon completion of this unit, students should be able to: 7. Categorize workers by the type of pay and benefits received. 7.1 Describe the purpose of internally consistent compensation systems. 7.2 Outline the process used to create internally consistent compensation systems. Course/Unit Learning Outcomes Learning Activity 7.1 Unit Lesson Chapter 6 Unit III Essay 7.2 Unit Lesson Chapter 6 Unit III Essay Required Unit Resources Chapter 6: Building Internally Consistent Compensation Systems Unit Lesson In any organization, it is important to develop internally consistent compensation systems. This means that those employees who have higher qualifications, more responsibilities, and complete more complex work tasks are paid more money than those employees with less responsibilities and less qualifications. Pay structures are developed and are based on consistently developed and applied structures. All pay systems need to have internal equity, which means that employees working similar jobs are paid similarly. Pay systems need to demonstrate a perception of fairness to all employees. If the employees perceive the pay structure as fair, the employees are likely to perceive the organization’s leaders are fair as well. Internal equity can also protect against discrimination. Laws such as Title VII of the Civil Rights Act of 1964, the Age Discrimination in Employment Act of 1967, and the Lilly Ledbetter Fair Pay Act of 2009 are major considerations when addressing differences in wages for workers doing the same jobs. When the organization establishes internal consistency, the organization mitigates the risk to the organization. In addition to internal equity, the organization needs to pay employees consistently. A part of the process of developing an internally consistent pay structure includes conducting a job analysis to determine the worth of each job and the components of a job. A job description establishes the knowledge, skills, abilities, and responsibilities required for a positon. The job description then determines the job worth and the amount of pay for that positon. The more clearly the job analysis can determine the job description, the easier it is for the organization to justify the pay. Clear pay structures limit allegations of unfair treatment or inequitable pay for the same job. Job evaluations play an important role in determining how individuals are compensated. The biggest problem with job evaluations are the subjectivity with which they are conducted and the rate at which jobs fundamentally change. Both the subjectivity and the rate of change can cause inaccurate and unreliable UNIT III STUDY GUIDE Consistent Compensation Systems MHR 6901, Compensation Management 2 UNIT x STUDY GUIDE Title ratings unless rating scales are clearly defined and job evaluators are traRunning head: TITLE OF ESSAY 1 Title of Essay Name University SAMPLE FORMAL ESSAY This is the running head. The words “Running head:” should only appear on the title page. On all subsequent pages, the header should consist of the title in all capital letters. Be sure that the title within the running head is 50 characters or less including spaces. Paper Format  1 inch margins  Double spacing  Suggested font-Times New Roman 12 pt.  Paragraphs indented .5 inch (usually default Tab) TITLE OF ESSAY 2 Title of Essay There are key elements that are necessary to be successful in online learning as well as with most careers. These skills are useful for those in roles of leadership to maintain order and productivity. In my career as a training coordinator, skills such as organization, time management, and communication are paramount. Organization is an optimal skill to help efficiency. It is a necessary ability that enhances learning through orderly schoolwork and increases productivity in one’s job through systematic documentation. This process allows for files and documents to be arranged so that they can be easily accessed (Hamilton, 2013). Paperwork organization allows for training documents to be updated and placed in specific binders for dissemination to team members. Additionally, it is imperative to keep email files organized so that tasks are not forgotten or overlooked. Just as years ago when paper mail had to be sorted, email must be sorted or grouped into appropriate folders (Weber & Horn, 2011). Great organization skills make keeping and accessing information efficient. Time management is an element or skill that allows employees as well as students to get the most out of the allotted time. “It’s been estimated that reading, responding, and doing something with business e-mail can consume two to four hours each and every day!” (Weber & Horn, 2011, p. 33). Prioritizing tasks and scheduling events allow one to maximize productivity (Hamilton, 2013). When time is scheduled and work is ordered, the most important things get done first. It does not matter if an unexpected meeting is called; the imperative jobs have been accomplished or planned. Highlighting the most important tasks ensures that those take first place and do not get overlooked in a rush. Along with time management comes the ability to be flexible. Flexibility allows for rearrangement of schedules to make sure all responsibilities are When paraphrasing information, text citations should include the author(s) and the year of publication. Direct quotations require the listing of the author(s), year of publication, and the page or paragraph number. This is the running head. Center the full title of the document. Not Boldface. TITLE OF ESSAY 3 taken care of in an acceptable amount of time. Effective time management is a constantly evolving skil