The project is a series of elements where you will examine the current standing of an organization’s compensation system. In the final element of the training program, you will provide recommendations to the organization on how the compensation program can be improved.
Students will conduct an analysis on the current state of the compensation system and address the current pay structure used. Reference should be made to job-based and person-based structure. Analysis should reference sources of information for job analysis, job evaluation, pay design, and pay levels.
The body of the paper will be 4 pages. This does not include extraneous pages like title page, reference page, appendices. APA formatting standards are required. A minimum of 5 scholarly resources need to be used. An example of a scholarly resource can be an interview with an HR professional or a peer reviewed article from a University Library Journal Database. Course materials and personal experience do not count. A formal third person tone is required.
Supplemental information (e.g. worksheets that are currently being used) can be presented in Appendices but do not count toward the body of the paper.
Note: Recommendations should not be made at this point – you will make these later in the term. This is an analysis of current standing. Keep in mind however, if an organization doesn’t have a set structure, the paper doesn’t end at that point. Student needs to include a discussion of the different methods that could be used. Again, recommendations will be made in later in the term.
The topic you chose:
Topic: The effectiveness of McDonald’s compensation strategy in maintaining job performance and moderating burnout
Alessandri, G., & Borgogni, L. (2015). Stability and Change of Job Performance across the Career Span. Human Performance, 28(5), 381-404. doi:10.1080/08959285.2015.1021047
Emerson L., Prang Y. (2016) Compensation and Benefits: Company-Provided Benefits at McDonald’s. In: Zeuch M. (eds) Handbook of Human Resources Management. Springer, Berlin, Heidelberg
Lăzăroiu, G. (2015). Employee motivation and job performance. Linguistic & Philosophical Investigations, 14, 97-102.
McDonald’s (2018). Pay & Rewards. McDonald’s. Retrieved from http://corporate.mcdonalds.com/mcd/corporate_caree…
Patil, A., & Syam, N. (2018). How Do Specialized Personal Incentives Enhance Sales Performance? The Benefits of Steady Sales Growth. Journal Of Marketing, 82(1), 57-73.