Unit $3$ Assignment: Competitive Advantage and Internal Alignment

In this assignment, you will describe how compensation programs can be aligned to help an organization gain and maintain a competitive advantage in the marketplace.

In this assignment, you will be assessed based on the following Outcome:

HR$435-1$: Discuss the reasons internal alignment is an important policy in compensation.

Choose an organization in which you are interested, and from which you can obtain the information required in this assignment below. You may want to choose a past or current employer, or you may choose any other organization that interests you. You may choose the same or a different organization from the previous unit. Research the organization through the company website as well as related articles available in the library, and answer the following questions in a $23-$page paper:

Checklist:

Describe your selected organization's business strategy including mission, values, and goals. Identify its strengths, weaknesses, opportunities, threats, and competitors. What is your selected organization's current position in their marketplace and cite your evidence?

From what you have researched thus far about your selected organization, does it use compensation as a means to increase and sustain a competitive advantage? If so$,$ how? If not, how could they?

Define internal alignment, and discuss why it is an important policy in compensation. $($Describe the components of internal alignment, discuss how internal alignment is an important policy in compensation, and discuss the usefulness of internal alignment in compensation plans.$)$

If your organization was expanding to a foreign country, how would you determine competitive pay rates for the new location? Conduct research on the cost of living in one major international city. How do the rates compare to the local rates?