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22/08/2022
Assignment 1: The MPBS Compensation Plan LASA (CO 1, 2, 3, 4)
NOTE: As you prepare for this assignment, you should research typical United States, Japanese, and German approaches to compensation using your textbook, the Argosy University online library, and the Internet. Consider arguments for and against each of the three countries’ approaches to compensation. Research the trends and issues affecting the global workforce. As you conduct your research, make note of the recent trends affecting the three approaches and the factors which might be causing each country’s approach to change.
The assignment:
MPBS has requested your assistance in developing a new and comprehensive compensation plan that will meet the company’s needs in both their domestic operations and their international operations. MPBS management has asked you to review their current plan and prepare a report describing the new plan.
You have asked MPBS to describe the most important criteria they would like to see in the new plan and they have indicated they would like to have a compensation program that will:
MPBS recognizes that they have taken a very haphazard approach to employee benefits and have asked you to ignore the benefits they now provide as you develop a new employee benefits package for the company. Your consulting team has met and worked up the framework of the report that should be submitted. In addition to employee benefits, it must provide for annual adjustments to base pay, whether salary or hourly wage, and a pay for performance plan. MPBS management has asked you to design the total compensation plan that will cover all employees located within the United States in detail first, then follow that detailed plan with recommendations on how it should differ for employees living and working in Germany and in Japan.
Your report should include the following:
To complete this assignment, you must submit a 6-9 page paper that addresses the twelve elements of the task as numbered above and provide reasons for your recommendations.
The paper must be submitted as a Word document and it must follow APA style guidelines.
| Assignment 1 Grading Criteria |
Maximum Points |
| Detailed the core benefits package including insurance, PTO and retirement programs. |
28 |
| Summarized the lifestyle components of the benefit plan. |
24 |
| Classified the percentage of total compensation budget that should be allocated for the benefits plan. |
28 |
| Determined the annual adjustments to individual base pay and explained the extent to which adjustments to base pay should be tied to seniority, cost of living or performance. Explained any adjustments for specific occupation groups or geographical locations. |
28 |
| Explained the short-term and long-term incentive, or pay-for-performance plans, including whether the incentives should be based on individual, team/group, or organization-wide performance. |
28 |
| Determined how the plan should differ for expatriates working on location in Germany and Japan. |
28 |
| Provided a rationale for how well the new plan meets MPBS’s criteria for the company’s plan. |
24 |
| Distinguished how your plan will motivate employees to best align themselves to MPBS’s goals. Described the motivational theories that support your reasoning and tied the theories to the different parts of your plan. |
24 |
| Evaluated how the plan shapes a consistent message and summarized the message. |
24 |
| Written Components: Organization (16) usage and mechanics (16) APA elements (24) Style (8) |
64 |
| Total: |
300
|
The writer is very fast, professional and responded to the review request fast also. Thank you.
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