Explain the basic steps of designing a total rewards philosophy.

FINC 331 
Interest rates are the “cost” of money charged to borrowers and we look at what factors make up an interest rate this week. 

STUDY:

Nominal vs Real interest rates
Stated vs APR interest rates
Stated vs Coupon rates
Effect of compounding
Bonds, Bond Valuation, Bond ratings
Risk and return and risk & return trade off
READ:

1)      Module 2: Financial Securities  (Content>Course Resources>Financial Securities Module)

a)      Financial Risk and Return

b)      Valuation and Characteristics of Bonds

 

2)      Course Text : Boundless Finance Online Text

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

a)        Chapter 6:  Bond Valuation 

 

3)      TeachMeFinance.com – read topics:   

a)     Kinds of Interest,  http://www.teachmefinance.com/kindsofinterestrates.html

b)     Bond Valuation, http://www.teachmefinance.com/bondvaluation.html

 TO DO:

Participate in the Weekly Discussion
Problem Set in ‘Homework’ #4 – My Tools/ Quizzes & Exams/ Finc 331 Homework Week 4
Check out Alaina Mackin’s file called  FINC 331 Week 4 Homework Hints.pptx 
Begin Work on Group Paper
Discussion 
Do bonds have a place in your portfolio? Explain your logic. Some considerations to touch on: time horizon, risk tolerance, and return objective.

HRMN 395 
Week 4: Designing and Implementing a Total Rewards Program
Objectives:
After completing this week, you should be able to:
1.  Explain the basic steps of designing a total rewards philosophy.
2.  Demonstrate why segmentation of the workforce is integral to the design of total rewards.
3.  Describe the implementation process of a total rewards approach to compensation management.
4.  List the levels, types, and components of communication to successfully market the total rewards philosophy.
Read:
Module 4 Designing and Implementing a Total Rewards Program (found below)
Designing and Managing Incentive Compensation Programs
How to Design an Employee Benefits Program
Do:
Go to the discussion questions and post initial answers and value added responses to classmates by Sunday 11:59 p.m.

Take the Self Assessment for module 4.

Reminder: The second assignment is due next week!
Discussion #1
After reviewing the reading material about the terms differentiation and segmentation, share an example in your own organization of how employees are differentiated or segmented.  
In addition, share how your organization differentiates itself from its competitors (competitors for employees).
Use a minimum of one reference to support your discussion and interact with at least two classmates. 
Discussion #2: Midterm Check
We are at the mid-point in our course!
Please provide feedback on how you are progressing toward the learning outcomes stated for the course. Share, in addition, a tip or recommendation you have for the rest of the class for staying focused, organized and successful for the rest of the course.
You don’t need to interact and you don’t need a reference.

Demonstrate skills in analyzing and applying various HRM legal requirements in the real world of human resources.

Legal Environment

Approaches to Laws 

At least 1,400 words, APA Format, at least 5 references

Demonstrate skills in analyzing and applying various HRM legal requirements in the real world of human resources.

Key Assignment Part 1: 
Creating Policies for the Employee Handbook
 
The Key Assignment for this course will involve creating polices for the various laws that are covered in the employee handbook. The purpose of the handbook is to equip managers with the information they need to lead their teams. For this assignment, you will create a paper of 1,400 words. 

Include the information below in your assignment. When discussing each act, provide an example of how it might be violated by an employer or employee and the approach that can be used (such as EEOC, diversity, grievances, counseling, documentation, or termination) to address the violation.

—  A policy for the Americans with Disabilities Act (ADA) 

—  A policy for the Age Discrimination in Employment act (ADEA) 

—  A policy for dealing with different types of harassment. 

—  A policy for the Occupational Safety and Health Act (OSHA) 

—  A policy for the Family Medical Leave Act (FMLA) 

—  A policy for the Fair Labor Standards Act (FLSA) 

—  A policy for the Equal Pay Act (EPA) 

—  A policy for employee use of technology because new sources of social media and more advanced electronic devices are regularly being introduced to the market. Address topics such as: refraining from workplace commentary on social media, maintaining a professional image, what can be shared and what not to share on social media, harassment, privacy, and IT security.

Corrections/Recommendations:  You thoroughly covered each element of the assignment.  I recommend including in the opening statement the EEO law.  Equal Employment Opportunity is fair treatment in employment, promotion, training, and other personnel actions without regard to race, color, religion, sex (which includes gender, sexual harassment, and pregnancy), age, national origin, reprisal (for prior EEO activity), physical or mental disability, genetic information, status as a parent, and sexual orientation. Provide a closing statement to restate what you want the employees to remember about the handbook.  Keep up the great work!

Examine, assess, and evaluate strategies and methods for determining employee training, development and performance need.

Capstone Class
Job Analysis 

Approximately 1,000 – 1,200 words, APA Format, at least 6 references 

Develop a job posting and job description beginning with a job analysis.

Examine, assess, and evaluate strategies and methods for determining employee training, development and performance needs.

Identify the issues/requirements of planning, implementing, administering, changing employee compensation and benefit plans from job analysis stage to evaluation.

Key Assignment 

Over the last few weeks, you have addressed many important human resources (HR) issues related to expansion. Since SaharaOasis’s plans to continue such an expansion, a new position of logistics manager is being developed to help organize and manage resources across facilities and with suppliers.

Using Bloomberg Businessweek resources and other credible resources and artilces, research job analysis and create a draft paper of 1,000–1,200 words that addresses the following:

—  Discuss the process you would use to develop this new position. 

—  What role does job analysis play in developing a job description and subsequent job posting? 

—  Specifically, which job analysis techniques would you use, and why? 

—  How would you ensure internal and external pay equity for the position? 

—  Once the job analysis and subsequent job description are developed, how can the organization use this information to make this position a success? 

—  Process improvement in the organization from a production and operations management is a key component of the Logistics Manager position. Considering this, describe the potential selection criteria that you will use for the new Logistics Manager. 

Provide a reference list at the end of your presentation of at least 1 Bloomberg Businessweek articles, and include in-text citations for the articles in APA format.

Define the term metrics, explain how metrics are used to evaluate the success of the total rewards program.

In this assignment, you will write and present a MS PowerPoint Presentation that describes and justifies the total rewards metrics that you propose. The course material provides examples of metrics and how they are used to evaluate the effectiveness of the Total Rewards Program. These metrics will used as a portion of the final paper due Week 8 (the final assessment for the class). Feedback from the instructor may require some revision to the chosen metrics prior to use in the final paper. At least three scholarly references from the course materials are to be presented in APA format, as well as respective in-text citations and relevant Web site documentation if information about the organization is taken from a Web site.
You will define the term metrics, explain how metrics are used to evaluate the success of the total rewards program, identify, describe, and provide examples of at least three metrics and share how you will collect the data for each metric and how you will set the benchmark or goal target for each that you would use to compute and analyze the Total Rewards Program in the organization you are studying in the course. Justification for the metrics linked to the organizational objectives, requisite competencies, and challenges should also be included.
At the least, the presentation will include the following segments:
1.  Title Page
2.  Introduction and Purpose of the Paper
3.  Academic Definition of the Term Metric
4.  Explanation of the Use of Metrics in Evaluating the Success of the Total Rewards Program
5.  Three Metrics (Identify, Describe and Provide Examples AND share how you will collect the data for each metric AND how you will set the benchmark or goal target for each).
6.  Justification of the Metrics Selected (Links to the Organization’s Success, Requisite 
     Capabilities, Competencies and Challenges)
7.  Conclusions
8.  Reference Page (at least three scholarly sources from course materials)

Analyze and assess the communication dynamics of an organization.

CONNECTIONS
Core competencies:
Analytic Inquiry
Use of Information Resources
Course outcomes:
Analyze and assess the communication dynamics of an organization
Apply communication theories to organizational communication challenges
SHRM Competency:
Consultation – The ability to provide guidance to organizational stakeholders.
PROBLEM
All organizations have communication challenges. How do you identify and address these issues as a HR professional or consultant? How can your organization overcome this challenge and improve the communication flow?
In this project, you will use a diagnostic tool called a communication audit in order to assess organizational communication within an organization of your choice.
STEPS

Administer the communication audit survey in your organization. In order to obtain valid results, you want to survey between 15-20 people. You may print out the survey and distribute it in person for completion, or you may administer it online, for example, using Survey Monkey or Google Forms. The survey includes questions that tap into five different areas of organizational communication: (1) Receiving information from others, (2) Sending information to others, (3) Sources of information, (4) Timeliness of information, and (5) Channels of communication. Within these five areas of organizational communication, identify one major area of concern to address based on the responses from the survey.
You will then analyze and synthesize the results of the data obtained from your audit effort.
Based on the communication audit identify one critical communication challenge that needs to be addressed within your organization. Research the scholarly literature for recommendations about how the organization can address this issue.
Participate in the discussions by reflecting on your work and sharing feedback with others in the class.
Create and deliver a presentation that provides the results of your audit with suggestions for improvement based on the data obtained from the audit and the literature on organizational communication.

FORMAT
Audit Report:
Present an introduction that describes your research methodology and provides details of the survey administration, response rate, and characteristics of the survey population.
Develop a professionally-written narrative in which you describe the data using appropriate tables, charts, and graphs. Include a detailed analysis followed by a summary of your findings, using the example in the “Collecting and Analyzing Data” file below. Identify the top communication challenge from your survey, and present your recommendations to strengthen this communication challenge, based on the scholarly literature. In the appendix, present the survey questions and the responses for each question.
Presentation:
Your presentation should be professional and creative. Adding audio and/or visual elements on the slides is highly recommended. Text should be the proper size for viewing during a presentation. Your presentation will need title and citation slides. You must have a minimum of 3 reliable sources in your citations. Use APA format for the in-text citations you use to support your arguments. Don’t forget to check your spelling! As a friendly reminder, all words must be yours and your own typing. You may not copy text directly from a source
You may use presentation software of your choice. Examples include (but are not limited to): MS Powerpoint, Prezio, Animoto, GoAnimate
PLEASE NOTE: Your presentation software should not incur any costs. You are responsible for understanding how to use the software. You will need to submit your work in a format that can be easily opened by your colleagues and the instructor.
** Be sure to review the rubric for grading criteria before you begin working on and submitting this assignment**

Rubric Name: Communication Audit

Clearly describes and presents the purpose of the communication audit and the intent of the survey used to identify organizational communication patterns (e.g. to increase organizational effectiveness or as a result of a performance gap).
/ 2.5

Introduction – 
Presented a detailed description of the department or the organization surveyed, including the purpose, number of employees, internal and external customers.
/ 2.5

Research Methodology – 
Presented a detailed description of how and when the survey was administered (i.e. time and date, length of time for all surveys to be completed, facilitated or not facilitated, directions, survey format) as well as survey respondents. 
/ 2.5

Data Analysis -Survey Administration-sample size
Presented a sample size of more than 8 respondents. Data is clearly original and has been collected for the purpose of this assignment. 
/ 2.5

Data Analysis -Charts, Graphs and Tables
The results (raw data) of the survey are clearly shown in a table or chart. The data analysis is clearly shown through the use of tables, charts or graphs. The data clearly shows how the main issue was identified. 
/ 2.5

Identification of Communication Challenges
 The critical communication issue in the organization is clearly identified and supported by the data as well as resources from the class readings. 
/ 2.5
Solutions/Recommendations
Presents specific and appropriate solutions that are supported with  class resources.  The feasibility and priority of solutions is discussed. 
/ 2.5
Summary – Use credible reasoning and evidence in communication.
Concepts and ideas are fully developed and supported with credible sources. Reader can easily follow the author’s logic and reasoning.
/ 2.5
Summary – APA Guidelines for in-text citations and References
The paper correctly cites in-text and lists at least three resources from course materials on the References page.  If additional sources are used, they are included correctly. All references are cited and all citations are referenced. 
/ 2.5

Summary – Writing Mechanics
Strictly adheres to standard usage rules of mechanics: Conventions of written English, including, but not limited to capitalization and punctuation and spelling. No errors found. No jargon used.
/ 2.5

Explain the importance of HRM to any organization.

“Memberships and Certifications”

•In your own words, explain the importance of HRM to any organization then determine a HRM function that interest you as a future career.

•Then explore the Society of Human Resource Management website http://www.shrm.org/pages/default.aspx, explain the importance of receiving a student membership. Then, provide one (1) HR certification that will enhance your future career choice.

Address the types of behaviors that demonstrate readiness for change and resistance to change.

Sidney Park Health System is experiencing a shortage of coders. Over the past five years, there has been a 30% vacancy rate for coders throughout the main hospital and satellite clinics within the healthcare system. The backlog and vacant positions has created an issue related to unbilled revenue, overworked coders and extended work hours and schedules. It is estimated that there is an annual loss of $12 million. It has also been communicated that many of the qualified coders that were offered a position declined because they are interested in working from home. To address the problem, the health information management department is proposing that there be an implementation of a home-based coding system. This concept is feasible, given that Sidney Park Health System utilizes an electronic health record and all patient information is available electronically. You have been assigned as the project manager to oversee the feasibility and implementation of this project.

Closing the project often involves an assessment of the organization’s readiness for change. In a 2-page summary, discuss why Sidney Park Health System may resist change in implementing a new coding system. In your summary, address the types of behaviors that demonstrate readiness for change and resistance to change, in addition to the concept of the change management cycle. Incorporate specific examples from your project.

Please Meet Criteria!!
A 2-page summary discusses factors that may contribute to Sidney Park Health System resistance to change in implementing a new coding system. 
The summary also addresses the types of behaviors that demonstrate readiness for change and resistance to change, and the concept of the change management cycle. 
Specific examples are incorporated.

Establish and Maintain Interpersonal Relationships Developing constructive and cooperative working relationships with others, and maintaining them over time.

Training Needs Assessment Exercise
Instructions: Read the Grand View Grocers Corporation case. 
Grand View Grocers Corporation, headquartered in Clewiston, Florida, is among the nation’s top grocery chain companies, with over $34 billion in revenue. It operates and owns approximately 1,500 grocery stores in 10 states and will be expanding operatons to Washington, D.C. in the near future.
Grand View Grocer’s Corporation’s operating strategy distinguishes it from other grocery chain companies. Each grocery store has a Training and Development Methods manager that allows decisions to be made locally, close to the client. This also makes Grand View Grocer Corporation’s service more responsive, reliable, and empathetic to its customers.
Recently, Grand View Grocers Corporation has identified a that there is an increase in the annual turnover rate for cashiers nationwide. The increase was found in newly hired cashiers, so it was determined that on-the-job training was ineffective. 
Under the direction of the store manager, cashiers perform a variety of tasks, including:
· Receive payment by cash, check, credit cards, vouchers, or automatic debits.
· Issue receipts, refunds, credits, or change due to customers.
· Count money in cash drawers at the beginning of shifts to ensure that amounts are correct and that there is adequate change.
· Greet customers entering establishments.
· Maintain clean and orderly checkout areas.
· Establish or identify prices of goods, services or admission, and tabulate bills using calculators, cash registers, or optical price scanners.
· Issue cashier’s checks, money orders, mailing stamps, and redeem food stamps and coupons.
· Resolve customer complaints.
· Answer customers’ questions, and provide information on procedures or policies.
· Cash checks for customers.
· Weigh items sold by weight in order to determine prices.
· Calculate total payments received during a time period, and reconcile this with total sales.
· Compute and record totals of transactions.
· Sell lotto tickets and other items to customers.
· Keep periodic balance sheets of amounts and numbers of transactions.
· Bag, box, wrap, or gift-wrap merchandise, when needed.
· Sort, count, and wrap currency and coins.
· Process returns and exchanges.
· Request information or assistance using paging systems.
· Stock shelves, and mark prices on shelves and items, when needed.
· Compile and maintain non-monetary reports and records.
Essential cashier functions include the following: 
Perform for or Working Directly with the Public — Performing for people or dealing      directly with the public. This includes serving customers in restaurants      and stores, and receiving clients or guests. 
Establish and Maintain Interpersonal Relationships — Developing constructive and cooperative working relationships with others, and maintaining them over time.
Get Information — Observing, receiving, and otherwise obtaining information from all relevant sources.
Identify Objects, Actions, and Events — Identifying information by categorizing, estimating, recognizing differences or similarities, and detecting changes in circumstances or      events.
Process Information — Compiling, coding, categorizing, calculating, tabulating, auditing, or verifying information or data.

Complete the Training Needs Assessment Exercise. Also, include a mind map with your assignment of the cashier duties.
   
Write a report in 900 to 1150 words which training method or combination of training methods that you would recommend for training. Then justify why you decided on your choice. Include a Mind Map diagram of the duties of a cashier (three main headings and 2 sub headings each of the main headings). 
Also, include a preview and conclusion to the assignment.  In the preview, introduce the assignment in an opening paragraph.  The conclusion should be about points you learned from the research of the assignment.

Analyze and assess the communication dynamics of an organization.

CONNECTIONS
Core competencies:
Analytic Inquiry
Use of Information Resources
Course outcomes:
Analyze and assess the communication dynamics of an organization
Apply communication theories to organizational communication challenges
SHRM Competency:
Consultation – The ability to provide guidance to organizational stakeholders.
PROBLEM
All organizations have communication challenges. How do you identify and address these issues as a HR professional or consultant? How can your organization overcome this challenge and improve the communication flow?
In this project, you will use a diagnostic tool called a communication audit in order to assess organizational communication within an organization of your choice.
STEPS

Administer the communication audit survey in your organization. In order to obtain valid results, you want to survey between 15-20 people. You may print out the survey and distribute it in person for completion, or you may administer it online, for example, using Survey Monkey or Google Forms. The survey includes questions that tap into five different areas of organizational communication: (1) Receiving information from others, (2) Sending information to others, (3) Sources of information, (4) Timeliness of information, and (5) Channels of communication. Within these five areas of organizational communication, identify one major area of concern to address based on the responses from the survey.
You will then analyze and synthesize the results of the data obtained from your audit effort.
Based on the communication audit identify one critical communication challenge that needs to be addressed within your organization. Research the scholarly literature for recommendations about how the organization can address this issue.
Participate in the discussions by reflecting on your work and sharing feedback with others in the class.
Create and deliver a presentation that provides the results of your audit with suggestions for improvement based on the data obtained from the audit and the literature on organizational communication.

FORMAT
Audit Report:
Present an introduction that describes your research methodology and provides details of the survey administration, response rate, and characteristics of the survey population.
Develop a professionally-written narrative in which you describe the data using appropriate tables, charts, and graphs. Include a detailed analysis followed by a summary of your findings, using the example in the “Collecting and Analyzing Data” file below. Identify the top communication challenge from your survey, and present your recommendations to strengthen this communication challenge, based on the scholarly literature. In the appendix, present the survey questions and the responses for each question.
Presentation:
Your presentation should be professional and creative. Adding audio and/or visual elements on the slides is highly recommended. Text should be the proper size for viewing during a presentation. Your presentation will need title and citation slides. You must have a minimum of 3 reliable sources in your citations. Use APA format for the in-text citations you use to support your arguments. Don’t forget to check your spelling! As a friendly reminder, all words must be yours and your own typing. You may not copy text directly from a source
You may use presentation software of your choice. Examples include (but are not limited to): MS Powerpoint, Prezio, Animoto, GoAnimate
PLEASE NOTE: Your presentation software should not incur any costs. You are responsible for understanding how to use the software. You will need to submit your work in a format that can be easily opened by your colleagues and the instructor.
** Be sure to review the rubric for grading criteria before you begin working on and submitting this assignment**

Rubric Name: Communication Audit

Clearly describes and presents the purpose of the communication audit and the intent of the survey used to identify organizational communication patterns (e.g. to increase organizational effectiveness or as a result of a performance gap).
/ 2.5

Introduction – 
Presented a detailed description of the department or the organization surveyed, including the purpose, number of employees, internal and external customers.
/ 2.5

Research Methodology – 
Presented a detailed description of how and when the survey was administered (i.e. time and date, length of time for all surveys to be completed, facilitated or not facilitated, directions, survey format) as well as survey respondents. 
/ 2.5

Data Analysis -Survey Administration-sample size
Presented a sample size of more than 8 respondents. Data is clearly original and has been collected for the purpose of this assignment. 
/ 2.5

Data Analysis -Charts, Graphs and Tables
The results (raw data) of the survey are clearly shown in a table or chart. The data analysis is clearly shown through the use of tables, charts or graphs. The data clearly shows how the main issue was identified. 
/ 2.5

Identification of Communication Challenges
 The critical communication issue in the organization is clearly identified and supported by the data as well as resources from the class readings. 
/ 2.5
Solutions/Recommendations
Presents specific and appropriate solutions that are supported with  class resources.  The feasibility and priority of solutions is discussed. 
/ 2.5
Summary – Use credible reasoning and evidence in communication.
Concepts and ideas are fully developed and supported with credible sources. Reader can easily follow the author’s logic and reasoning.
/ 2.5
Summary – APA Guidelines for in-text citations and References
The paper correctly cites in-text and lists at least three resources from course materials on the References page.  If additional sources are used, they are included correctly. All references are cited and all citations are referenced. 
/ 2.5

Summary – Writing Mechanics
Strictly adheres to standard usage rules of mechanics: Conventions of written English, including, but not limited to capitalization and punctuation and spelling. No errors found. No jargon used.
/ 2.5

Explain the importance of HRM to any organization.

“Memberships and Certifications”

•In your own words, explain the importance of HRM to any organization then determine a HRM function that interest you as a future career.

•Then explore the Society of Human Resource Management website http://www.shrm.org/pages/default.aspx, explain the importance of receiving a student membership. Then, provide one (1) HR certification that will enhance your future career choice.