Core Elements of Monetary Rewards

HRMN 395

Objectives:

After completing this week, you should be able to:

1. Describe the key elements of monetary rewards, including hourly, salaried, and executive-level compensation.

2. Define the key elements of analysis and documentation leading to market positioning, including work flow analysis, job analysis, job specifications, and competitive and market evaluation.

3. List the basic methods of assessing and rewarding performance.

4. Explain the key issues of compliance with governmental laws and regulations influencing compensation.

5. Describe the key factors for deciding market positioning of compensation.

6. Explain the role of the market positioning of monetary rewards in the broader total rewards approach to compensation management.

Read:

Module Two: Core Elements of Monetary Rewards

Changing demographics and relationship to monetary compensation, market positioning, rewarding teams, role of unions in determining pay structures

The Way We work in 2025 and beyond (page 13 14)

Elements to consider when setting compensation

Do:

Take the self assessment for Module 2.

Go to the discussion questions and post answers and value added responses to classmates by Sunday 11:59 p.m.

Reminder: The first assignment is due next week!

Discussion #1

Describe the market positioning (for total rewards) of at least two organizations.

Use a minimum of tworeferences and interact with at least twoclassmates.

Discussion #2

Share at least two examples for how the changes in demographics have resulted in changes to total rewards offered in organizations.

Use a minimum of tworeferences. You do not need to interact with a classmate.

Discussion #3

What, in your opinion are three top elements to consider when setting compensation?

Use a minimum of onereference and interact with at least one classmate.

FINC 331

This week we look at how cash is used within the company, how financial statements can be used to forecast future financing needs and how financial ratios can be used to evaluate a companys financial condition. This type of analysis is useful to managers, investors and lenders.

STUDY:

• Sources and Uses of Cash
• Planning with pro forma financial statements
• Financial ratios analysis

READ:

1)Module 1: Finance and financial Performance (Content Course ResourcesFinancial Performance Module and Read Commentary)

2)Course Text :

(A PDF of the Boundless course textbook may also be found in Leo under Content > Syllabus)

• Chapter 3:Analyzing Financial Statements
• Chapter 4:Forecasting Financial Statements

3)Complete Financial Analysis Tutorial in Investopedia

VIEW: For a short video on financial ratios, a key tool of financial analysis see:

• (Additional ratio analysis You Tube links can be found in Weekly Discussion, Additional Resources)

VIEW and Review: Bean Counting 101 (Parts 3,4 and 5)

• A Free Accounting Course for Non-Accountants by

TO DO:

• Participate in the Weekly Discussion
• Problem Set in Homework #2-My Tools/ Quizzes & Exams/ Finc 331 Homework Week 2
• Check out Alaina Mackinsfile:
• Review Group Project Requirements

TOPIC 1

Of the five profitability ratios covered in the text, which one do you believe provides the most value to a potential investor? Do you think this depends on the company’s industry? Why or why not?

Please also be sure to reply to two classmates with a post that adds value to the discussion.

Responses for both class.