Compensation Phase III Performance and Management
Assignment ID Number AFFGEHU83939HD Type of Document Essay Writing Format APA/MLA/Harvard Academic Level Masters/University References/Sources 4 References
Case in Compensation Phase III Performance and Management
In general, about the Phases and Fastcat Case in Compensation:
-This is a team work called Fastcat.?
-Fastcat, classified as “Software company.?
-Youre writing a Report NOT an Essay. So, only focus on the portion that you need to write about which is down page 2.
-NO outside sources or references, the Only sources/references are:?
-Book compensation: Newman, Jerry M., and Barry A. Gerhart. Compensation. 13th ed., McGraw-Hill Education, 2020. attached.
-Case book, case in compensation Phase III: Milkovich, George T., and Barry A. Gerhart. Cases in Compensation. Publisher Not Identified, 2013. attached.
-Also, you need to read FastCat Cases in Compensation.docx attached
About Phase III Performance and Management:
In general, all FastCat team decided Focus just on:
The merit and incentive pay pieces of stage 3
Bonus system Eligibility?and Amount
Also, here is what FastCat determined; None of the jobs that we have in the case book are strictly sales. There are a few that “assist” the sales team as needed, but we are not directly dealing with sales positions. With that being said, FastCat agreed that it was in the best interest of FastCat company to forgo the Merit Bonus and to instead focus on a Merit Pay plan for our two job structures. The Merit pay increases can and will likely differ, but we feel that the only jobs among those we have listed that might qualify for a merit bonus would be the “leader” positions, but we fear that may create discontent in the workplace.?
Look at page 69 of the casebook under the “Merit” grid, these are the things that we will need to break down in the paper to help how to decide who is eligible for Merit Pay increases, the Cost, and create a performance rating distribution.
So, FastCat will continue with the assumption that we are not including Merit Bonuses on our project.
What you need to do is to write a report about this portion:
Objectives of the merit pay plan
What objectives do Fastcat intend to meet by using a merit pay plan over the other incentive plans?
What message do Fastcat want to send to employees by using the merit pay increase?
How will the merit pay be useful to managers/supervisors and employees?
How will employees and managers understand the merit pay program and how it is determined? (Does it matter, if yes, then how might FastCat increase their understanding of the plan?)?
Will FastCat need to change how it pays its employees?
Include rationale and brief summary.
Before writing a report about the portion above: you need to read
FastCat Cases in Compensation.docx attached which explain Phase 1 AND 2 ALSO which is connected to Phase III.?
Read the required chapters from the text book you can find the required chapter that you need in page 67 in the Case in Compensation Phase III Performance and Management.pdf .?
To focus on what you are writing about such as merit pay you can search the word you want in the text book 11 ed Compensation ( PDFDrive.com ).pdf by typing the word you need then the chapters and pages will appear to you.?
Please notice, all the attached are connected so in order to write this report you need to read them.
Please notice, the Only sources/references are:? Case in Compensation Phase III Performance and Management.pdf AND 11 ed Compensation (PDFDrive.com).pdf
QUALITY OF RESPONSE NO RESPONSE POOR / UNSATISFACTORY SATISFACTORY GOOD EXCELLENT Content (worth a maximum of 50% of the total points) Zero points: Student failed to submit the final paper. 20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. 30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. 40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. 50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. Use of Sources (worth a maximum of 20% of the total points). Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. 5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. 10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. 15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. 20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. Grammar (worth maximum of 20% of total points) Zero points: Student failed to submit the final paper. 5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors 10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors 15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. 20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. Structure of the Paper (worth 10% of total points) Zero points: Student failed to submit the final paper. 3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. 5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper 7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. 10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper.
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