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 two references and interact with at least
two classmates.
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 two references. 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 one reference 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 company’s 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 Resources –Financial Performance Module and Read
Commentary)
Evaluating Financial Performance
Financial Plans and Forecasts
2) Course Text
: Boundless Finance Online 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
http://www.investopedia.com/university/ratios/
VIEW: For a short
video on financial ratios, a key tool of financial analysis see:
http://www.youtube.com/watch?v=8DmChanpSmw (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 Arnold S. Grundvig, Jr.
http://www.a-systems.net/accounting.htm
TO DO:
Participate in the Weekly Discussion
Problem Set in ‘Homework’ #2- My Tools/ Quizzes & Exams/
Finc 331 Homework Week 2
Check out Alaina Mackins file: FINC 331 Week 2 Homework Hints.pptx
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?
