DISCUSSION QUESTION 2-2

MR637 Compensation Management

Lesson 2: Internal Alignment

Upon completion of the Required Readings, write a thorough, well-planned narrative answer to the following discussion question.  Rely on your Required Readings and the Lecture and Research Update for specific information to answer the discussion question, but turn to your original thoughts when asked to apply, evaluate, analyze, or synthesize the information.  Your Discussion Question response should be both grammatically and mechanically correct, and formatted in the same fashion as the question itself.  If there is a Part A, your response should identify a Part A, etc.  In addition, you must appropriately cite all resources used in your responses and document in a bibliography using APA style. Include the “Course” Text Book in your References: ISBN-10: 0072875437 Compensation (8th ed.) by Milkovich, George and Newman, Jerry (2004). McGraw Hill Education.

Discussion Question 2 (25 points)

Heneman and Thomas (1997) present a Balanced Scorecard approach to constructing a competency-based structure for The Limited, Inc.  These authors note that a competency system was effective among top managers in this company

Explain what is meant by a “Balanced Scorecard” approach to performance management and discuss why this approach may be suitable for designing a competency-based structure.

  1. Specify four (4) key elements that were essential for The Limited, Inc., to have in place to experience success with their competency system.  Draw upon other readings as appropriate.
  2. Specify four (4) key elements that were essential for The Limited, Inc., to have in place to experience success with their competency system.  Draw upon other readings as appropriate.

Required Writing Format:  (APA Writing Style). A 3-Page response is required.

No Cover/Title Page (1) 

Use the following format on the First Page (1) on the Top Left Side of the Page and submit this paper separately:

Student Name

Student identification Number

Course Number and Title

Assignment Number and Title

Date of Submission