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In this assignment, select the most appropriate salary structure for an organization. Use the same company you used as the focus in your Conducting a Job Analysis (Week 4) and Selecting a Job Evaluation Method (Week 5) assignments.
In a 3–4 page paper:
Analyze the advantages of each of the three primary salary structures: traditional, broadbanding, and market-based.
Analyze the disadvantages of each of the three primary salary structures.
Analyze which salary structure would be the most effective for the organization and justify your reasons for your selection.
Additional Requirements
Your paper should also meet the following requirements:
Written communication: Written communication is free of errors that detract from the overall message.
Formatting: One-inch margins, appropriate headers, and a title page.
Length: 3–4 double-spaced pages.
Font and font size: Times New Roman, 12 point.
In addition to reviewing the assignment instructions, please review the Reviewing a Salary Structure rubric to familiarize yourself with the required criteria for this assignment.
Competencies Measured
By successfully completing this assignment, you will demonstrate your proficiency in the following course competencies and scoring guide criteria:
Competency 1: Evaluate the importance of compensation and benefits plans in attracting and retaining the most qualified talent.Analyze the advantages of each of the three primary salary structures: traditional, broadbanding, and market-based.
Analyze which salary structure would be the most effective for the selected organization and justify reasons for selection.
Competency 4: Create a base pay and a base benefit plan.Analyze the disadvantages of each of the three primary salary structures: traditional, broadbanding, and market-based.
Competency 5: Apply the Capella Writing Standards to support professional practice.Convey purpose, in an appropriate tone and style, incorporating supporting evidence and adhering to organizational, professional, and scholarly writing standards.
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