To prepare for this SLP assignment, review the following videos and textbook chapter about total rewards, base, and variable pay:
Videos
Gregg Learning. (2018, September 4). Base and variable pay [Video]. YouTube. https://youtu.be/82yppMbcIqI Standard YouTube license.
Gregg Learning. (2018, November 23). Understanding variable pay [Video]. YouTube. https://youtu.be/zyXJwG56eUU Standard YouTube license.
WorldatWorkTV. (2019, July 24). What is total rewards? [Video]. YouTube. https://youtu.be/la22XP0TAqE
The Module 1 SLP assignment is a two-part written assignment. Both parts will be submitted as one 2- to 3-page document.
For this assignment, you have been asked by the HRM Vice President to write a memo to the upper management team that recommends the company transition to one of the five types of job evaluation systems discussed on the Background page. In addition, you must also explain the various types of compensation currently offered by the company, such as variable pay, incentive pay, and a bonus plan.
Part 1: Select one job evaluation system and discuss its benefits to your organization. Explain your rationale for selecting that particular job evaluation system over a second option.
Part 2: Not all employees currently receive a bonus or any type of incentive pay. Explain what impact such rewards might have on the organization.
