This assignment deals with the compensation and benefits for a job (the job itself not an individual person that performs the job). The job you use is your choice, but it should be one that is fairly standard across organizations, so you will be able to find sufficient resources. It has three parts that each require outside research so be sure you allow enough time to complete the assignment. Using the format and headings shown below, summarize your recommendations in a 3-4 page paper. Your responses must be detailed, well-reasoned, legally defensible, and well-written. Be sure to cite your sources. Your paper must be single-spaced and submitted as a .doc, .docx, or .rtf attachment.

Determining Job Worth: Identify how an employer should determine the pay range for a particular job (the job itself not a specific employee). Note that this is not company-specific, so you should not simply look up information on a job at a particular company. You should focus on the process of how the pay should be determined (i.e., job evaluation) more than what the final pay range should be.

Benefits: Identify the types of benefits an employer should offer to attract and retain competent employees while containing costs. Essentially you need to look at it from a cost/benefit standpoint. The idea is to identify benefits that would have value to current and prospective employees that an employer could offer without incurring large costs.

Merit Pay vs. Lump Sum Bonuses: Evaluate the advantages and disadvantages of traditional merit pay versus lump sum bonuses from both an employer and an employee standpoint, assuming the amount of money was the same for merit pay or a bonus. Use a table to ensure you address all parts of this. Also, for this section it is helpful to compare the amount of money an employee would receive in the long term with a fixed dollar amount given as a bonus versus merit pay that gets added to ones base pay.