Cassandra MacDonald's
Human Resource Portfolio
This course that was broken in to two parts. The first part taught me about incentive compensation; job evaluation; surveying market pay; pay equity; and wage line approaches.
The second part taught me the different types of benefits plans and their importance; the different types and administration of pension plans; an understanding of maternity and parental leave; how to post journal entries, post entries to a ledger, and create various statements (Income Statement, Statement of Owner’s Equity, Balance Sheet and Trial Balance); calculate employee and employer payroll deductions and post entries to the Payroll Register and post the journal entries of the payroll expenses.
ASSIGNMENT: WAGE STRUCTURE
Assignment Type: Group
Skills: Teamwork, Critical Thinking, Analytical Thinking, Leadership, Writing, Microsoft Word, Microsoft Excel, Math, Research
This assignment included three parts:
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Conduct a salary survey: Create a mock company in an industry of our choosing and establish no less than 12 benchmark positions. Conduct a salary survey with either companies in the industry or using Internet research sources. Obtain salaries and brief job description data.
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Conduct a job evaluation: Use the Aiken Plan job evaluation tool to perform job evaluations on our benchmark positions.
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Develop a trend line and complete the wage structure architecture:
ASSIGNMENT: PENSION ANALYSIS
Assignment Type: Group
Skills: Teamwork, Critical Thinking, Analytical Thinking, Leadership, Writing, Microsoft Word
Based on three separate fictional scenarios, we were to determine which type of pension plan would be appropriate for each organization and write a recommendation with supporting information to each Pension Members Committee.
ASSIGNMENT: MATERNITY/PARENTAL LEAVE SUB PLAN POLICY
Assignment Type: Individual
Skills: Critical Thinking, Analytical Thinking, Policy Development, Writing, Microsoft Word
Choosing either a provincial or federally regulated fiction company, developed a maternity/parental leave sub plan policy for my company. I chose to use a fictional federally regulated company. This organization tops up the E.I. benefits for maternity/parental leave 90% of the employee’s salary.
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This percentage was chosen based on the competitive benefits package offered:
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Defined Benefits Pension Plan
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Benefits are offered to those with at least 10 hours/week
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Employer pays up to 80% premiums
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This percentage was also chosen because of the size and competitive nature of the business:
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Leader in the industry
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Nationally operating company
ASSIGNMENT: PAYROLL
Assignment Type: Individual
Skills: Critical Thinking, Math
Based on the information provided in a series of questions, calculated gross and net pay, employee and employer deductions. Recorded journal entries and payroll register entries.