Ashford University – BUS 681 Compensation and Benefits – week 5 DBs plus assignment
Week Five Learning Outcomes
This week students will:
- Explore the differences between executive pay and non-executive pay.
- Analyze the impact of contingent workers on an organization’s compensation plan.
- Critique an organization’s compensation philosophy and suggest changes that would enhance this philosophy.
Overview
Assignment Due Date Format Grading Percent Discussion 1: Executive vs. Non-executive Pay Day 3
(1st post)Discussion 3 Discussion 2: Contingent Workers Day 3
(1st post)Discussion 3 Assignment: Compensation Philosophy Day 7 Written Assignment 7
Readings
- Read the following chapters in your text, Strategic Compensation:
- Chapter 12: Compensating Executives
- Chapter 13: Compensating the Flexible Workforce: Contingent Employees and Flexible Work Schedules
Recommended Readings
- Read the following journal articles for further insight into this week’s topics:
- Gordon, J.N. (2005). Executive compensation: If there’s a problem, what’s the remedy? The case for “compensation discussion and analysis”. Journal of Corporation Law, 30(4), 675-702. Retrieved from the Proquest database.
- Harris, J. (2009). What’s wrong with executive compensation? Journal of Business Ethics: Supplement, 85, 147-156. (Document ID: 1655246711). Retrieved from the Proquest database.
- Henderson, M.T., & Spindler, J.C. (2005). Corporate heroin: A defense of perks, executive loans, and conspicuous consumption. Georgetown Law Journal, 93(6), 1835-1883. Retrieved from the Proquest database.
- You will find a list of websites that you may find useful under Course Materials in your online classroom.
Discussions
To participate in the following discussions, go to this week’s Discussion link in the left navigation.
- Executive vs. Non-executive Pay
Contrast the principle difference between executive pay and non-executive pay, including a discussion on controversies associated with the growing disparity between executive and non-executive compensation packages. Respond to at least two of your fellow students’ postings.
- Contingent Workers
Contingent workers are assuming a greater role in today’s organization. With that as a background, discuss compensation and benefit issues associated with the following workers: part-time, temporary, independent workers, and flexible/telecommuting. What impact may these changes have on an organization’s compensation plan? Respond to at least two of your fellow students’ postings.
Assignment
To complete the following assignment, go to this week’s Assignment link in the left navigation.
Compensation Philosophy
In a 3-5 page paper, outline the current compensation philosophy for your organization. Evaluate this current philosophy and propose ways to enhance or revamp the current compensation philosophy to meet the changing needs of the organization and its employees. Identify key factors within the internal and external environment including the mission and strategic focus of the organization, as well as the financial and cultural aspects of your organization (i.e., you cannot have a compensation philosophy where you “lead” the market if your organization does not have the financial resources) that should influence this philosophy. The proposed philosophy itself should be no more than a short paragraph. The remaining portion of your paper should be devoted to supporting your choice of that philosophy within your chosen organization by identifying the key factors that should contribute to its development.
Carefully review the Grading Rubric for the criteria that will be used to evaluate your assignment.