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Summary week 3 assignment.docx BUS 434 Designing a Compensation Package The University of Arizona Global Campus BUS 434: Compensation & Benefits Management Designing a Compensation Package Introduction Prior to accepting employment, it's critical to c

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week 3 BUS 434 Designing a Compensation Package The University of Arizona Global Campus BUS 434: Compensation & Benefits Management Designing a Compensation Package Introduction Prior to accepting employment, it's critical to consider not only the job itself, but also the compensation package offered by the prospective employer. Examining the compensation package can assist an individual in deciding whether to accept the position or pursue other opportunities. Compensation packages are a term that refers to the sum of a person's salary and various benefits received in exchange for employment. Compensation packages vary considerably between employers. As a result, while they include a base salary, the fringe benefits often vary by company and position. While some employers offer substantial compensation packages with additional benefits, others minimal benefits and smaller compensation p

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BUS 434
Designing a Compensation Package


The University of Arizona Global Campus

BUS 434: Compensation & Benefits Management


Designing a Compensation Package

Introduction

Prior to accepting employment, it's critical to consider not only the job itself, but also the

compensation package offered by the prospective employer. Examining the compensation

package can assist an individual in deciding whether to accept the position or pursue other

opportunities. Compensation packages are a term that refers to the sum of a person's salary and

various benefits received in exchange for employment. Compensation packages vary

considerably between employers. As a result, while they include a base salary, the fringe benefits

often vary by company and position. While some employers offer substantial compensation

packages with additional benefits, others minimal benefits and smaller compensation packages

(Indeed Editorial Team, 2021).

This proposal will introduce a competitive compensation package for the position,

Human Resource Generalist I. It will include a job description, the method of job evaluation,

intrinsic and extrinsic benefits, compensation package and the rationale, how performance will

be measured, why the proposal is appropriate for the market at this time and the compensation

strategy.

Job Description

According to Weathington and Weathington (2020) a job description “is a list of duties,

responsibilities, tasks, working conditions, and other essential elements needed to complete the

job in a satisfactory manner as well as the traits, skills, educational background, and personality

characteristics needed of the worker” (Weathington and Weathington, 2020, sec 4.1) A job

, description provides an individual an overview of the position and the responsibilities and duties

that come with the job. It also lays the groundwork for recruiting, developing, and retaining

talent, as well as setting the stage for optimal work performance by clarifying responsibilities,

expected results, and performance evaluation. Additionally, it is critical for ensuring an equitable

compensation system and legal compliance. The document should be reviewed and updated on

an annual basis in accordance with the performance evaluation cycle.

Position Description: Human Resource Generalist I

“The human resources (HR) generalist manages the day-to-day operations of the human resource

office of a company, as well as the administration of the human resources policies, procedures,

and programs. HR generalists originate and lead HR practices and objectives that provide an

employee-oriented, high-performance culture” (Heathfield, 2020).

Duties and Responsibilities:

 Reviews, tracks and documents compliance with obligatory and non-mandated training,

continuing education, and work evaluations. This may involve training on safety, anti-

harassment, professional licensure, and aptitude testing and certifications

 Collaborates with departmental managers to identify the skills and competences

necessary for available jobs by recruiting, interviewing, and facilitating the hiring of

competent job applicants.

 Conducts or procures background checks and verifies employee eligibility.

 Implements initiatives for new recruit orientation and employee appreciation.

 Responds to inquiries about employment from applicants, workers, and supervisors,

sending difficult and/or sensitive issues to the proper staff.

 Attends and participates in disciplinary hearings, terminations, and investigations

involving employees.

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