Assignment 4: Compensation and Recognition
This assignment is organized into three parts. Parts A, B, and C are marked out of 100 and will count for 15 per cent of your final course grade.
The mark distribution is as follows:
|Part A: Employee Satisfaction||50|
|Part B: Salary Survey||25|
|Part C: Benefits Package||25|
Part A: Employee Satisfaction (50 marks)
In this part of the assignment you will design and administer an employee satisfaction questionnaire in order to assess the benefits package offered by your organization or an organization you are familiar with. You will follow a two-step process in completing this task.
Step 1: Research
The Minnesota Satisfaction Questionnaire (MSQ) and the Job Descriptive Index (JDI) are two widely-used and validated tools for evaluating employee satisfaction.
Go online to research these tools and other measures that can be used to evaluate employees’ satisfaction with their jobs and the benefits they receive. Using the information you find, design an employee satisfaction questionnaire that you can use to help gauge how satisfied employees in your organization are with their jobs and the benefits they receive as part of their compensation. The questionnaire should not have more than 12 questions.
You may wish to address new and innovative rewards or benefits systems that are gaining acceptance in the changing workforce, such as on-site daycare or eldercare provisions as part of a benefits package.
HINT: Use a rating scale or similar method to make your results easier to interpret. A “Likert scale” is a commonly used method. Resources can be found by visiting: http://www.socialresearchmethods.net/kb/scallik.php
Step 2: Survey
Using the questionnaire you designed in Step 1, survey three people at different levels in your organization or an organization you are familiar with. Find out:
Step 3: Evaluation of company benefits packages and your suggestions
Write a critique of how well you think the rewards and benefits packages offered at your organization serve to keep employees satisfied and what suggestions you would offer.
In your submission for this part of the assignment, include the following:
Part B: Salary Survey (25 Marks)
Consider the Job Description that you developed in Assignment 2. Using material from the textbook and any other sources, determine what a suitable compensation or salary level you should assign. Your answer should incorporate the following:
Part C: Benefits Package (25 marks)
Using material from any other sources, design a suitable benefits package for the position. Your answer should incorporate the following:
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