Running Head: Compensation and Benefit Package Planning
1
Compensation and Benefit Package Planning
2
Compensation and Benefit Package Planning
Introduction
Recently, I have been appointed to manage the Human Resource and to manage a small team. The company's next project is revamping the compensation and benefits package and assists in designing a working plan for the human resource project. As a result of this, I have decided to establish a project charter to help revamp the package and create a communication plan to be used during the project implementation process. By so doing, I would initiate a scope definition of the project and come up with a breakdown structure which includes very ell numbered elements.
The Project Charter
To revamp the compensation and benefits package, one should first establish the strategy and objectives of compensation. He or she should also ensure that the description of the job is correct and up to date followed by developing the structure of payment and finally communicate the plan (Kloppenborg, Tesch & Manolis, 2014). Compensation and benefits are a vital element in an organization. This package helps in attracting potential employees to the organization as well as helping to retain current employees to assist with the company's productivity. Previously, this organization had failed in its pursuit to keep its employees and to offer competitive packages to the same workers.
Where competitive packages lack especially in an organization, there is possibly a lack of employees’ motivation towards performing their jobs. Lack of motivation in a firm is unhealthy since it hampers the company from achieving its desired goals due to low or no productivity at all (Kloppenborg et al., 2014). A compensation and benefits package include the combination of rewards which are given to the employees by a company to boost their trust and hope in the firm and to increase their job-related functions and quality of production within the organization. As the head of human resource management, construction of a project charter is of greatest importance in restructuring the previously ineffective compensation and benefits package in this company.
A project charter will serve as an informal contact tool linking the project sponsors to the project team which is involved in the implementation of the actual project. The project charter, in this case, will, therefore, make sure that the resulting plan is competitive and successful (Marnewick, 2018). It will define the types of requirements which should be accomplished and make a decision on how the project will be carried out right from the beginning to the end. Moreover, the charter will issue the organization with an understanding commitment as well as authorization. To strengthen the package which was previously used by this company, the table below is used as the most appropriate charter.
Project tittle
Employees’ compensation and benefit
Situational analysis
AmeriCorps ha.
Running Head Compensation and Benefit Package Planning1.docx
1. Running Head: Compensation and Benefit Package Planning
1
Compensation and Benefit Package Planning
2
Compensation and Benefit Package Planning
Introduction
Recently, I have been appointed to manage the Human Resource
and to manage a small team. The company's next project is
revamping the compensation and benefits package and assists in
designing a working plan for the human resource project. As a
result of this, I have decided to establish a project charter to
help revamp the package and create a communication plan to be
used during the project implementation process. By so doing, I
would initiate a scope definition of the project and come up
with a breakdown structure which includes very ell numbered
elements.
The Project Charter
To revamp the compensation and benefits package, one should
first establish the strategy and objectives of compensation. He
or she should also ensure that the description of the job is
correct and up to date followed by developing the structure of
payment and finally communicate the plan (Kloppenborg, Tesch
& Manolis, 2014). Compensation and benefits are a vital
element in an organization. This package helps in attracting
potential employees to the organization as well as helping to
retain current employees to assist with the company's
productivity. Previously, this organization had failed in its
pursuit to keep its employees and to offer competitive packages
2. to the same workers.
Where competitive packages lack especially in an organization,
there is possibly a lack of employees’ motivation towards
performing their jobs. Lack of motivation in a firm is unhealthy
since it hampers the company from achieving its desired goals
due to low or no productivity at all (Kloppenborg et al., 2014).
A compensation and benefits package include the combination
of rewards which are given to the employees by a company to
boost their trust and hope in the firm and to increase their job-
related functions and quality of production within the
organization. As the head of human resource management,
construction of a project charter is of greatest importance in
restructuring the previously ineffective compensation and
benefits package in this company.
A project charter will serve as an informal contact tool linking
the project sponsors to the project team which is involved in the
implementation of the actual project. The project charter, in this
case, will, therefore, make sure that the resulting plan is
competitive and successful (Marnewick, 2018). It will define
the types of requirements which should be accomplished and
make a decision on how the project will be carried out right
from the beginning to the end. Moreover, the charter will issue
the organization with an understanding commitment as well as
authorization. To strengthen the package which was previously
used by this company, the table below is used as the most
appropriate charter.
Project tittle
Employees’ compensation and benefit
Situational analysis
AmeriCorps has struggled to establish a functional and
successful as well as competitive compensation and benefit
package plan for their employees.
Objective statement
To scheme and endorse an excellent compensation and benefit
3. package which will take into account the dedication and talents
of the company’s employees.
Goals
To draft a compensation and benefit plan which is competitive
and relevant to assist in the motivation of the quality
performance of the employees and aid a positive and
encouraging working environment.
Business case objectives
To attract and maintain the employees with high job
qualifications and talents, adhere to the applicable state and
federal corporate laws and regulations, ensure efficiency of
administration, as well as to ensure payment practices which are
consistent and competitive.
Project scope
Benefits, compensation, recognition and performance, work life,
development as well as job opportunities creation.
Project timeline
The project begins on the 6th day of November 2018 and ends
on the 3rd day of march 2019.
Risks and assumptions
The compensation and benefit packages of an organization’s
employees are full of challenges and therefore implementation
process tends not to be a walk in the park.
Operating principles of the team
The team works to fulfill their commitments to the project, to
promote operations, collaborate with one another, conduct
planning without infringing in the freedom and rights of other
individuals and respecting them, be part of all the scheduled
meetings and ensure effective communication at all the times.
Lesson learned
How to efficiently and effectively boost an organization’s
compensation and benefit program.
commitments
All the team players should use their original signatures to sign
the plan to show their 100% dedication and commitment to the
project and its implementation.
4. Project organization
The vital members of the project organization include the
sponsors who constitute the board and the superintendent, the
project manager, the representative of the user which will
include one representative from nutrition, classified and non-
classified staff, and transportation departments and finally the
technical leader.
Approvals
The board, chief of operations, superintendent, assistant human
resource superintendent as well as the staff committee.
Project Manager Authority and Representatives
In this project charter, the project manager will be able to
conduct staffing, budgeting, communication initiation, tracking,
and planning, lead the change control, be able to document and
access the system for updates and provides the project plan.
Under staffing, the manager will be able to determine the
required skills for the project and issue them, along with the
specific members of the team, with names before the beginning
of the project to the relevant functional managers (Ravinder &
Kollikkathara, 2017). The manager is permitted to have and
acquire, if necessary, one clerical individual as well as one cost
analyst to help him in the operations. Due to the priorities of
the project, the project team is strictly limited to 10 or fewer
individuals forming the technical members' team without the
president's specific authority.
Concerning the budget, the first projected cost of the project is
400,000 dollars. The budget here cannot be surpassed without
engaging the president's authority as well as the power of the
chief financial officer. The manager should also issue the
projects status report to initiate communication (Kloppenborg,
2014). The project should be tracked, and the project manager
following the powers vested in him should make appropriate
project changes. Similarly, the project manager has all the
authority to access any document system in the organization and
will, therefore, issue updates of the documented programs of the
5. project. The project manager will also issue the plan of the
project which will entail the work description, the schedule
description, description of the budget, charts of the resources
utilized and how they were used, risk management plan as well
as provide a project quality plan.
Communication Plan
The manager's role is very crucial since employees are seen to
have a lot more trust for their managers as compared to other
organizational workers and staff. They hold communication
with every individual. The central members of the team are
essential to the project since they tend to keep in close
communication with the project leader and tend to be
knowledgeable concerning every project phase (Ravinder &
Kollikkathara, 2017). Open communication, therefore, gives
room for the smooth progress of the project. Open
communication ensures everyone involved in the project reads
from the same page and encourages honesty.
After the approval of the project charter, there will be the
development of a communication plan. The plan of
communication will assist in outlining the roles and
responsibilities of the participants of the project in the review
(Marnewick, 2018). It also defines the approval as well as the
dissemination of the information concerning the critical
processes, documents, events, and milestones of the project.
The development of the communication plan will help in
eliminating the potential barriers as well as communication
challenges. On this plan, much focus will be put since it is vital
for the communication process in the organization to be smooth
and effective. A practical and efficient communication plan will
aid the management of expectation and makes sure that the used
methods of communication are the most effective and open
(Kloppenborg et al., 2014). It will also help in the provision of
the most relevant, consistent and accurate information at all the
times within and outside the organization.
6. Additionally, it will ensure there is the use of the most
appropriate communication levels and generate and maintain
support and enthusiasm for the developed project. As a
requirement for the project, below seems the best
communication matrix (Kloppenborg, 2014). On top of this
matrix illustration, there is a need for the manager to conduct a
face to face meeting with the core participants at the beginning,
middle, and mid-end and even at the end of the project to help
reinforce the matrix components and ensure everything is
moving on smoothly.
Communication matrix
Communication type
Communication objectives
Communication medium
Communication frequency
Communication audience
Communication owner
Introductory meeting
To introduce the project and its team.
To review the objectives and management approach of the
project.
Face to face
once
Every individual
Head of human resource management
Project team gatherings
To review the project status
Face to face
Conference call
weekly
Project team
Project manager
Project status gatherings
To report on the status of the project
Conference call
7. Face to face
monthly
Project team
Project manager
Project status reports
To make a report concerning the status of the project
email
weekly
Project sponsor
Project manager
The Scope of The Project
The statement of the project scope is an essential component of
any given project in a business setting. Project managers utilize
the project scope statement as a confirmation which is written
concerning the projected project results. It also spells out to the
manager, the constraints, and the assumptions under which the
project team will have to work to produce the desired results out
of the project (Marnewick, 2018). There will be an
establishment of a comprehensive and robust compensation and
benefits package plan. To achieve the creation of this plan,
there will be carried out, job analysis, evaluation as well as
pricing. The job analysis in this context will create room for
thorough review and description of every task within the firm.
Job evaluation, on the other hand, will make it possible to
determine the type of jobs which are worthy on the clean
grounds.
The last aspect, the pricing will allow the team to establish the
ranges of the payment t rates in case of compensation and
benefit issuance. The benefit package will have to strategically
be in line with the goals and objectives of the firm (Marnewick,
2018). The improved compensation and benefits program will
entail retirement, healthcare, and vision coverage, dental
insurance, sick leaves, paid vacations, personal and holiday
leave times as well as social security funds. The project
management team will efficiently work with the provided
resources to produce the best of the plans. Similarly,
8. management will make sure that the objectives of the company
project are achieved within the time frame allocated to ensure
that the project is completed within the stipulated budget. The
members of the team will have to report to the head of the
human resource department on the findings and the progress of
the project. They should also inform the same to the project
manager, and the executive sponsors.
The Work Breakdown Structure
WBS
1.1Initiation
The work of initiating the project
1.1.1
1.1.2
1.1.3
1.1.4
1.1.5
Evaluation and recommendations
Development of the project charter
Submission of the project charter
Reviewing of the project charter by the sponsor
Approval of the project crater
The working team to evaluate the sets of solutions and make
endorsements
Development of the charter
Delivering the project charter to the sponsor
Reviewing of the project charter by the sponsor
Signing the charter to allow the project manager to commence
9. the process of planning
1.2 planning
The planning process task of the project
1.2.1
1.2.2
1.2.3
1.2.4
1.2.5
1.2.6
Creation of the preliminary statement of the scope
Determination of the project team
Kickoff meeting of the project team
Project plan development
Project plan submission
Approval of the project plan
The project manager establishes the preliminary statement of
scope
The project team and request are determined by the manager.
The kickoff meeting includes the project teams, manager, and
the sponsors.
The team formulates the plan under the authorities of the
manager
The project plan is submitted by the manager for approval
Approval and authorization to progress in line with the plan of
the project
1.3 Execution
The involved work in executing the project
10. 1.3.1
1.3.2
1.3.3
1.3.4
1.3.5
1.3.6
1.3.7
1.3.8
1.3.9
Kickoff meeting of the project
Validation and verification of the requirements of the user
System design
Procure software and hardware
Installation of development system
Test phase
Installation of live system
User training
Go live
Formal kickoff gathering
The needs of the user are clarified and reviewed
The designing of the new system
All software, hardware and needs procurement
Develop, install and test
Test conducted with some utilizers
Configure and install
11. All the users and managers attend educational classes.
The system proceeds live
1.4 Control
The project control process task
1.4.1
1.4.2
1.4.3
1.4.4
Project management
Meetings on project status
Risk management
Project management plan update
Overall project management
Weekly meetings of the team standing
Efforts to manage the risks involved
The plan is updated by the project manager
1.5 Closeout
The task involved in closing out the project
1.5.1
1.5.2
1.5.3
1.5.4
1.5.5
Audit procumbent
Documentation of the learned lessons
Files and records update
12. Gaining formal acceptance
Archive the documents
Audit all the software and hardware which are procured for this
project
The team and the project manager conduct and document the
learned lessons for the project
All the records and files are updated
The project is formally accepted by the sponsors
All the documents which are related to the project are archived.
The efforts level: the amount of work required to complete the
work
WDS Code: the code assigned to every element for
identification purposes
Work package: the component of work at the lower’s degree
WBS component: the component which is located at any project
level
WBS Element: it is the components and the attributes to which
it is associated
References
Kloppenborg, T. (2014). Contemporary project management.
Nelson Education.
Kloppenborg, T. J., Tesch, D., & Manolis, C. (2014). Project
success and executive sponsor behaviors: Empirical life cycle
stage investigations. Project Management Journal, 45(1), 9-20.
Marnewick, C. (2018). Realizing Strategy Through Projects:
The Executive's Guide. Auerbach Publications.
Ravinder, H., & Kollikkathara, N. (2017). Project Management
in Operations Management Textbooks: Closing the Gap. Journal
of the Academy of Business Education, 18.
13. Analyze the prioritizing process at D. D. Williamson.48(20%)
Levels of Achievement:
Unacceptable 0 (0%) - 33.12 (13.8%)
Fair 33.6 (14%) - 37.92 (15.8%)
Proficient 38.4 (16%) - 42.72 (17.8%)
Exemplary 43.2 (18%) - 48 (20%)
2. Suggest two (2) recommendations to improve the prioritizing
process.42.72(17.8%)
Levels of Achievement:
Unacceptable 0 (0%) - 33.12 (13.8%)
Fair 33.6 (14%) - 37.92 (15.8%)
Proficient 38.4 (16%) - 42.72 (17.8%)
Exemplary 43.2 (18%) - 48 (20%)
3. Create a scenario where the implemented process at D. D.
Williamson would not work.40.8(17%)
Levels of Achievement:
Unacceptable 0 (0%) - 33.12 (13.8%)
Fair 33.6 (14%) - 37.92 (15.8%)
Proficient 38.4 (16%) - 42.72 (17.8%)
Exemplary 43.2 (18%) - 48 (20%)
4. Project five (5) years ahead and speculate whether or not D.
D. Williamson will be using the same process. Justify your
answer.40.8(17%)
Levels of Achievement:
Unacceptable 0 (0%) - 33.12 (13.8%)
Fair 33.6 (14%) - 37.92 (15.8%)
Proficient 38.4 (16%) - 42.72 (17.8%)
Exemplary 43.2 (18%) - 48 (20%)
5. Include four (4) references.18(7.5%)
Levels of Achievement:
Unacceptable 0 (0%) - 16.56 (6.9%)
Fair 16.8 (7%) - 18.96 (7.9%)
Proficient 19.2 (8%) - 21.36 (8.9%)
Exemplary 21.6 (9%) - 24 (10%)
6. Clarity and writing mechanics.20.4(8.5%)
Levels of Achievement:
14. Unacceptable 0 (0%) - 16.56 (6.9%)
Fair 16.8 (7%) - 18.96 (7.9%)
Proficient 19.2 (8%) - 21.36 (8.9%)
Exemplary 21.6 (9%) - 24 (10%)
Raw Total: 210.72 (of 240.0)
Name:Week 3 Assignment 1: Grading Strategies at D.D.
Williamson
Description:Week 3 Assignment 1: Grading Strategies at D.D.
Williamson
Assignment 5: MS Project Scheduling and Salvaging a Project
Due Week 10 and worth 280 points
Make the needed corrections to Assignment 3 using instructor
feedback and initialize a new project in Microsoft Project to
complete the following:
1. Create a work breakdown structure in MS Project using the
existing information from Assignment 3. Note: This assignment
will require you to submit a zipped file. Please see below for
details on how to zip a file.
Imagine your human resource project of revamping the
employee compensation and benefits package is starting to
develop issues. The project is eight (8) weeks off track and your
team members are becoming discouraged. Several members of
the team are consistently late with deadlines, and you have
discovered that your budget depleted quicker than expected.
Your project sponsor is looking for you to salvage this project
Write a six to eight (6-8) page paper in which you:
1. Communicate the budget and schedule situation to the rest of
the team and your project stakeholders.
2. Suggest at least three (3) ways to improve your
underperforming team.
15. 3. Organize a plan of action to get the project back on track.
Develop a new critical path.
4. Identify and discuss the risks with your plan for getting the
project back on track.