Ask Business Management Expert

Societal ClassIntroduction and Alignment

The purpose of this assignment is to provide you with the opportunity to better understand the implications of pay policy on three societal classes: poverty, middle class, and the wealthy. A look at each of these will take place but special emphasis will be placed on poverty. According to the most recent Census data (2011), poverty is on the rise. What does this mean for employers? Are employers a part of the problem or part of the solution? This research effort looks for some answers to these questions and more in an aim to locate strategies for building bridges out of poverty. In this assignment, you will create a PowerPoint presentation with embedded notes, discussing the implications of pay policy on societal classes - including an in-depth discussion of whether organizations have any responsibility to its employees who may reside in the societal class - poverty.

Upon successful completion of this assignment you will be able to:

  • Explore the implications of strategic compensation policy on three societal classes: poverty class, middle class, and wealthy class; formulating ways to encourage positive implications and mediate negative implications in the current workplace.

Resources

  • Textbook: Compensation
  • Article: http://www.worldatwork.org/waw/adimLink?id=28330

Assignment Lecture

Ruby K. Payne, Ph.D. is a leading U.S. expert on the mindsets of poverty, middle class and wealth. Two of the books that she has written include: A Framework for Understanding Poverty and Bridges Out of Poverty: Strategies for Professionals and Communities. After much research, Payne has defined poverty as

'the extent to which an individual does without resources.' These resources are the following:

  • Financial: Having the money to purchase goods and services.
  • Emotional: Being able to choose and control emotional responses, particularly to negative situations, without engaging in self-destructive behavior. This is an internal resource and shows itself through stamina, perseverance, and choices.
  • Mental: having the mental abilities and acquired skills (reading, writing, computing) to deal with daily life.
  • Spiritual: Believing in divine purpose and guidance.
  • Physical: Having physical health and mobility.
  • Support Systems: Having friends, family, and backup resources available to access in times of need. These are external resources.
  • Relationships/Role Models: Having frequent access to adult(s) who are appropriate, who are nurturing to the child, and who do not engage in self-destructive behavior.
  • Knowledge of Hidden Rules: Knowing the unspoken cues and habits of a group. (Payne, 2005, p. 7)

Therefore, based on Payne's definition of poverty, impoverishment can occur whenever a person does without any one or more of the above listed resources. She does provide some additional guidelines as well. A few include:

(1) poverty is relative - it exists only in relationship to known quantities or expectations, (2) poverty occurs in all races and in all countries, (3) economic class is a continuous line, not a clear-cut distinction, (4) generational poverty and situational poverty are different, (5) an individual brings with him/her the hidden rules of the class in which he/she was raised, (6) to move from poverty to middle class or middle class to wealth, an individual must give up relationships for achievement (at least for some period of time), (7) two things that help one move out of poverty are education and relationships, and (8) four reasons one leaves poverty are: it's too painful to stay, a vision or goal, a key relationship, or a special talent or skill. (pp. 2-3)

Payne, R. K. (2005). A framework for understanding poverty (4th ed.).Highlands, TX: aha! Press, Inc.

Instructions

  1. Locate and read the following article from the organization World at Work:
World at Work. (2000). World at Work total rewards model: A framework for strategies to attract, motivate and retain employees. Retrieved from World at Work: http://www.worldatwork.org/waw/adimLink?id=28330
  1. Other potentially beneficial resources to locate and read for this assignment:
IRP. (2011). What are poverty thresholds and poverty guidelines? Retrieved from Institute for Research on Poverty: http://www.irp.wisc.edu/faqs/faq1.htm
U.S. Department of Health and Human Services. (2012). 2012 HHS poverty guidelines. Retrieved from ASPE: http://aspe.hhs.gov/poverty/12poverty.shtml
  1. Create a PowerPoint presentation titled The Implications of Pay Policy (Total Rewards) on Societal Classes. The presentation is to be made to the prospective audience of HR managers, and is to present on the timely topic - given the rise in poverty over the past few years due to the economic downturn and effects of globalization -the implications of pay policy on three societal classes: poverty, middle class and wealthy. Address the following in the robust and professional slideshow presentation (i.e., slides, graphics and web links and potential YouTube clips, and embedded notes):
  2. Definitions of Societal Classes. Provide a definition for each of the three societal classes: poverty, middle class, and wealthy.
  3. Implications of Pay Policy. Discuss the implications that pay policy decisions (total rewards) can have on each of the three societal classes.
  4. Top Twelve Benefits. Using the World at Work Total Rewards Inventory (see the document link above), identify what you believe to be the top twelve total rewards desired by each of the three societal classes (i.e., 12 for poverty, 12 for middle class, and 12 for wealthy). Provide support for your hypothesis through statistics, examples, interview findings, stories, or personal experiences. Were there any surprising revelations in your list?
  5. Organizational Total Rewards. Complete the total rewards inventory for your organization to include all rewards the company makes available, especially noting if there are different offerings for different "classes" of employees. From the findings, what philosophical conclusions may be drawn about your current organization?
  6. Poverty is on the Rise. According to the most recently published Census data (2012), poverty is on the rise. What does this mean for employers? Employees? Are employers part of the problem or part of the solution?
  7. When a Good Worker is Poor. In the closing paragraph of this tragic story (see available links above), Zigarelli (2008) writes, "I left that place shaken, thinking about the power each one of us has to affect the lives of our co-workers" (p. 298). What is within your power to affect the life of another co-worker(s) - a good worker who is poor?
  8. Biblical Perspective. Answer the question: From a biblical perspective, do managers have a responsibility to ensure that their employees are not in poverty? Support your response with at least five (5) biblical passages (at least two from a biblical book other than Proverbs which was part of our Faith & Learning in this course).
  9. Bridges Out of Poverty. What are some benefits or programs that human resource managers might propose for organizational implementation to help lift impoverished employees out of poverty? Identify separately: (1) low or no cost benefits or programs and (2) more costly benefits or programs.
  10. Outside Research. From your additional outside research, what lessons have you learned or what advice can you give to others - especially human resource managers, regarding how to build bridges out of poverty?
  11. The five-six minute, 8 to 10 slides PowerPoint should be professionally constructed with a good balance of words and space and graphics. Embedded speech notes are to be single spaced, but otherwise adhere to APA requirements (i.e., in-text citations, 2 spaces between sentences, 1 space all else and so forth) and mechanics (i.e., sentence structure, punctuation, word choice, spelling, and grammar). A title slide and reference slide are to be included, in addition to the required slide count. The PowerPoint presentation is to have embedded notes totaling at . A minimum of two credible outside reference sources (not already identified in this assignment) are to be included in the presentation.
  12. When you have completed your assignment, save a copy for yourself and submit a copy as a PowerPoint to your instructor using the Dropbox by the end of the workshop.

Business Management, Management Studies

  • Category:- Business Management
  • Reference No.:- M92317205
  • Price:- $25

Priced at Now at $25, Verified Solution

Have any Question?


Related Questions in Business Management

Name a company that addressed a recent ethical problem in a

Name a company that addressed a recent ethical problem in a positive way. Also, explain how or if this positively affects us as a community?

When it is appropriate to use the trade-off process what

When it is appropriate to use the trade-off process. What conditions apply, and the technical evaluation criteria that might be used?

Need help with a essay with the following phrase for

Need help with a essay with the following phrase for analyzing : " Capitalism is at the heart of how people and organisations are managed in contemporary society" May i ask for a better explanation of the question? Also ...

How could these three tenets of the auburn creed be used to

How could these three tenets of the Auburn Creed be used to motivate others: "I believe that this is a practical word and that I can count only on what I earn. Therefore, I believe in work, hard work." "I believe in educ ...

How can these two tenets of the auburn creed by used in

How can these two tenets of the Auburn Creed by used in addressing teamwork issues: "I believe in honesty and truthfulness, without which I cannot win the respect and confidence of my fellow men." "I believe in the human ...

Discuss the advantages of having and interacting in a

Discuss the advantages of having and interacting in a diverse workplace. Consider the wide range of ideas and perspectives that a range of team members bring to a team, that are of differing ages, ethnic backgrounds and ...

Parmigiano-reggiano global recognition of geographical

Parmigiano-Reggiano: Global Recognition of Geographical Indications What historical factors have helped support the consortium's claims for the geographic specificity of Parmigiano-Reggiano and Parmesan? What are the eco ...

Communication planthis communication plan will be a roadmap

Communication Plan This communication plan will be a roadmap on how the new division will best be able to communicate with Biotech's corporate headquarters, suppliers, other divisions, and internally. This should lay out ...

Discuss strategies to obtain feedback from a customer and

Discuss strategies to obtain feedback from a customer and clients when working in sales.

Describe different networking methods and the advantages

Describe different networking methods and the advantages and disadvantages of them?

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As