Homework: Compensation and Benefits
Part 1
Journal
Instructions
o When an employment offer is being presented, what are the key things you look for in accepting the position?
Task
o Discuss what shapes external competitiveness from the pay mix standpoint.
o Identify the parts that make up total compensation (pay mix). Explain the percentage breakdown for direct and indirect compensation, which makes up total compensation.
o Discuss pay-for-performance plans.
o Identify the three types of pay-level policies. Explain each.
Part 2
Journal
Instructions
o Refer back to your last performance appraisal; what did you like about the process? What would you change about the process? Do you think the performance appraisal is helpful and still needed? Please explain. If you have never experienced a performance appraisal, discuss your thoughts on the importance of a performance appraisal.
Assessment
o Evaluate how performance appraisals are used in pay-for-performance plans.
o Explain merit pay. Address what level of risk is associated with the employees.
o Explain whether or not pay-for-performance affects employee behavior.
o Discuss how performance appraisals should be conducted.
Format your assignment according to the following formatting requirements:
o The answer should be typed, using Times New Roman font (size 12), double spaced, with one-inch margins on all sides.
o The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
o Also include a reference page. The Citations and references must follow APA format. The reference page is not included in the required page length.