Compensation system for CapraTek

Choose one specific job structure that addresses three different roles on which to conduct your analysis (for example, administrative, research and development (R&D), sales, marketing, production). Using CapraTek’s division structure from the simulations, as well as online research, create a 34 page proposal of an internally consistent and externally competitive compensation system for CapraTek. Note: The specific pay structure and benefit structure will be further developed in the next assignments. Structure your proposal with the following headings: Job Analysis and Job Evaluation. After analyzing jobs and job classifications to understand how they work together, analyze the impact of job classification systems on compensation. Strategic Analysis. Conduct a strategic analysis, including internal and external considerations, for a compensation system at CapraTek. Market Compensation Survey Action Plan. Apply compensation theories to formulate short-term and long-term action steps. Include recommendations for a market compensation survey for three different roles. (You do not need to conduct an actual survey.) Conclusion. In your conclusion, provide an overview of an internally consistent and externally competitive compensation system for CapraTek. Discuss how your market compensation action plan supports CapraTek’s strategic goals. Additional Requirements The deliverable for this assignment applies professional skills in HRM to workplace situations that you will likely encounter in your day-to-day work in HRM. As part of your learning, focus on the development of effective professional communication skills for the workplace. Your assignment should also meet the following additional requirements: Written communication: Use spell-check and other tools to ensure correct spelling and grammar. Support main points and recommendations with relevant and credible evidence. Address the appropriate audience, using familiar, discipline-specific language and terminology. Resources: Use two scholarly, peer-reviewed or academic sources. Use the Human Resource Management (Master’s) Program Library GuideLinks to an external site. for research resources and library tools. Evidence: Support your assertions with data and/or in-text citations and create a reference list at the end of your document. APA formatting: Use Academic WriterLinks to an external site. for guidance in citing sources and formatting your paper in proper APA style. See the Writing CenterLinks to an external site. for more APA resources specific to your degree level. Length: Your plan should be 34 typed, double-spaced pages, not including the cover and resources pages. The first page should be a cover sheet with your name, the course number, assignment title, and date. No other information is required on this page. The last page should be the reference list. Organization: Make sure that your writing is well-organized, using headings and subheadings to organize content. Font and font size: Times New Roman, 12 point. Academic integrity and honesty: You must adhere to academic integrity and honesty policies and incorporate practices that support ethically sound work in your assignments. View Academic Integrity at Capella University: Some GuidelinesLinks to an external site.. Review the HR Challenge: Internally Consistent and Externally Competitive Compensation System rubric to see the criteria by which your assignment will be evaluated before submission. Competencies Measured By successfully completing this assignment, you will demonstrate your proficiency in the following course competencies and rubric criteria: Competency 1: Assess the impact of compensation systems on individual and organizational performance. Conduct a strategic analysis, including internal and external considerations, for a compensation system at CapraTek. Discuss how the market compensation action plan supports CapraTek’s strategic goals. Competency 2: Apply compensation theories to formulate a total rewards strategy. Apply compensation theories to formulate short-term and long-term action steps. Competency 3: Analyze the influence of job classification systems on compensation programs. Analyze the impact of job classification systems on compensation. Competency 4: Communicate clearly, accurately, and professionally in the human resource management field. Support main points and recommendations with relevant and credible evidence. Address the appropriate audience, using familiar, discipline-specific language and terminology. Week 4 Assignment: HR Challenge: Internally Consistent and Externally Competitive Week 4 Assignment: HR Challenge: Internally Consistent and Externally Competitive Criteria Ratings Pts Analyze the impact of job classification systems on compensation. 40 to >34 pts DISTINGUISHED Analyzes the impact of job classification systems on compensation and discusses the effectiveness of accurate and aligned classification. 34 to >28 pts PROFICIENT Analyzes the impact of job classification systems on compensation. 28 to >0 pts BASIC Discusses the mechanics of job classification systems but does not analyze the impact on compensation. 0 pts NON_PERFORMANCE Does not analyze the impact of job classification systems on compensation. / 40 pts Conduct a strategic analysis, including internal and external considerations, for a compensation system at CapraTek. 40 to >34 pts DISTINGUISHED Conducts a strategic analysis, including internal and external considerations, for a compensation system. Explains the relevancy of internal and external considerations in relation to CapraTek’s structure. 34 to >28 pts PROFICIENT Conducts a strategic analysis, including internal and external considerations, for a compensation system at CapraTek. 28 to >0 pts BASIC Discusses a strategic analysis, including some internal and external considerations, for a compensation system at CapraTek. 0 pts NON_PERFORMANCE Does not conduct a strategic analysis, including internal and external considerations, for a compensation system at CapraTek. / 40 pts Apply compensation theories to formulate short-term and long-term action steps. 40 to >34 pts DISTINGUISHED Applies compensation theories to formulate short-term and long-term action steps and interprets how this directly aligns to total rewards. 34 to >28 pts PROFICIENT Applies compensation theories to formulate short-term and long-term action steps. 28 to >0 pts BASIC Discusses but does not apply theories to formulate both short-term and long-term action steps, or may not apply theory to both short-term and long-term action steps. 0 pts NON_PERFORMANCE Does not apply compensation theories to formulate short-term or long-term action steps. / 40 pts Discuss how the market compensation action plan supports CapraTek’s strategic goals. 40 to >34 pts DISTINGUISHED Discusses how the market compensation action plan supports CapraTek’s strategic goals and supports discussion using scholarly sources. 34 to >28 pts PROFICIENT Discusses how the market compensation action plan supports CapraTek’s strategic goals. 28 to >0 pts BASIC Discusses how the market compensation action plan supports CapraTek’s strategic goals, but does not provide sufficient evidence. 0 pts NON_PERFORMANCE Does not discuss how the market compensation action plan supports CapraTek’s strategic goals. / 40 pts Support main points and recommendations with relevant and credible evidence. 20 to >17 pts DISTINGUISHED Supports main points and recommendations with relevant, credible, and convincing evidence. Skillfully combines virtually error-free source citations with a perceptive and coherent synthesis of the evidence. 17 to >14 pts PROFICIENT Supports main points and recommendations with relevant and credible evidence. 14 to >0 pts BASIC Sources lack relevance or credibility, or the evidence is not persuasive or explicitly supportive of main points and recommendations. 0 pts NON_PERFORMANCE Does not support main points and recommendations with relevant and credible evidence. / 20 pts Address the appropriate audience, using familiar, discipline-specific language and terminology. 20 to >17 pts DISTINGUISHED Addresses the appropriate audience, using familiar, discipline-specific language and terminology. Uses precise and accurate vocabulary and effective word choice for articulate, fluent expression. 17 to >14 pts PROFICIENT Addresses the appropriate audience, using familiar, discipline-specific language and terminology. 14 to >0 pts BASIC Focus on the intended audience wavers, or uses jargon, slang, idioms, colloquialisms, or terminology that inhibits clarity of expression. 0 pts NON_PERFORMANCE Does not address the appropriate audience, using familiar language and terminology. / 20 pts Total Points: 0 Choose a submission type I agree to the tool’s End-User License Agreement This assignment submission is my own, original work *