University | Nanyang Polytechnic (NYP) |
Subject | BM1986 Strategic compensation management Assignment |
Posted on: 27th Mar 2024
BM1986: Strategic compensation management Assignment, NYP, Singapore: Identify and explain the top three (3) factors that shape the organization’s external competitiveness
Requirements
With reference to the analysis of the chosen organization completed in ICA1, ICA 2 assignment requires you to review the chosen company’s external competitiveness. You will proceed to provide further analysis and recommendations to the management of the chosen organization.
Attach ICA1 Part I – Introduction as an appendix to this report for the assessor’s convenient reference.
The report should cover all 3 parts in order:
Part I – External Competitiveness
a) Identify and explain the top three (3) factors that shape the organization’s external competitiveness.
b) For the chosen job family, research and recommend three (3) most relevant competitors to benchmark against. Provide a brief analysis of the selected competitors and explain your rationale for the selection.
Buy Custom Answer of This Assessment & Raise Your Grades
c) Recommend the ideal market percentile level that the chosen job family should be benchmarked against the chosen competitors in part b. Explain your rationale using concepts of pay level strategy (lead, lag or match).
d) Design the pay structure for the selected job family with reference
to online data, and present it using Table 1. Evaluate the design of your pay structure with reference to relevant concepts covered in this topic.
e) Identify an individual profile on LinkedIn that would be a good fit for any role in the job family. Suggest with reason, the recommended compa-ratio for the identified profile.
Stuck with a lot of homework assignments and feeling stressed ? Take professional academic assistance & Get 100% Plagiarism free papers
Part II – Employee Contribution
a) Select any one (1) of the job role within the job family and develop a set of key performance indicators (KPI) for the role, including the associated performance rating scale.
b) Design a pay-for-performance bonus and increment plan, stating the corresponding bonus and increment that will be awarded based on the employee’s KPI performance. Evaluate your pay-for-performance program with reference to research and market data.
Part III – Benefits & International Pay Systems
a) Recommend the ideal type of benefit program for the chosen organization that will best attract and retain the right talents. Support your recommendations with research and market data.
b) Select a similar organization operating in another country apart from Singapore. State your research and detail the differences in compensation policies and practices adopted by the foreign organization.
Hire a Professional Essay & Assignment Writer for completing your Academic Assessments
Get Help By Expert
Are you a student in Singapore struggling with your BM1986 Strategic Compensation Management Assignment? Look no further! We offer best assignment help in Singapore tailored to meet your academic needs. Our team of experts is ready to provide top-notch homework help to ensure you excel in your course. Say goodbye to stress and let our professionals handle your assignments while you focus on your studies. Reach out to us today and experience the difference!
Categories:-
Tags:-
Tags:-
Answer
Recent Solved Questions
- Imagine that you are currently working for a precision medicine startup: Machine Learning Paper Review in Precision Medicine, Written Assignment 1, NUS, Singapore
- Go Business offers PSG solutions for enterprises in Singapore: Collective Intelligence and Entrepreneurship, Assignment 1, JCU, Singapore
- Design an ontology based on- Accidents can be categorised as chemical, electrical, fire, kinetic or liquid: Collective Intelligence and Entrepreneurship, Assignment 1, JCU, Singapore
- Project Control Monitoring, Assignment, HU, Singapore: Deliberate Project MONITORING AND CONTROL or PMC Identification
- DSM500: Final Project Report, Coursework 2, UOL, Singapore
- DSM080: Financial Markets, Assignment, UOL, Singapore: A grapefruit juice futures contract is for 15,000 pounds of frozen grapefruit juice
- DSM080: Financial Markets, Assignment, UOL, Singapore: The share price of a certain stock today is $42.50, and five-month European style call options with a strike price of $45 currently sell for $4.25.
- DSM080: Financial Markets, Assignment, UOL, Singapore: A trader who is working in the gold markets is able to borrow money at the interest rate of 7% per annum
- DSM080 Financial Markets, Assignment, UOL, Singapore: A dollar-based American corporation has decided that it will have to pay 6 million UK pounds in three months
- Principle of Finance Assignment, UCD, Singapore: National Gaming Inc. (National) operates the weekly lottery in the country
UP TO 15 % DISCOUNT