2. Assume you are a new graduate with a business degree. You have landed a new p
2. Assume you are a new graduate with a business degree. You have landed a new position at a company you had been researching during your senior year in college. You have been offered a lump-sum sign-on bonus of $5,000. You have a credit card with an outstanding $3,000 balance. You also just purchased a new condominium and vehicle. These items, in addition to your student loans, comprise your personal debt. Address the following prompts: Consider your debt reduction and investment earnings potential, as well as any applicable taxes. Make reasonable assumptions regarding the interest rates on your personal debts and the interest rate you can earn by investing. Assume that tax rates are stable over the next 10 years, and inflation is low (<1% per year) and does not change. Would you personally choose to invest the $5,000 sign-on bonus, or would you use it to pay down your debt? Regardless of your decision to either invest or pay down debt, be specific regarding the type of investment or debt payment you would make. Provide a specific rationale for your decision. You may develop a quantitative example to support your rationale. In responding to your peers, comment on their decisions and rationale. To complete this assignment, review the Discussion Rubric. 3.Most government entities share their compensation structure publicly. They use a job classification plan where pay rates are based on compensable factors such as knowledge and skills similar to the federal government's General Schedule (GS) system. Jobs are grouped into seven classifications, ranging from Grade 1 through Grade 7. Over time, employees receive pay increases according to length of service (Steps 1–4), and progression through the steps assumes a minimum of acceptable performance. Below is an example of a city's waiting period within steps and published job structure: Waiting Period Step 1 to 2: One year Step 2 to 3: One year and six months Step 3 to 4: Two years Grade Step 1 Step 2 Step 3 Step 4 1 31200 32240 33280 34320 2 35360 36400 37440 38480 3 39520 40560 41600 42640 4 43680 44720 45760 46800 5 47840 48880 49920 50960 6 52000 53040 54080 54080 7 56160 57200 58240 59280 Using the schedule above, calculate the number of years it would take an employee to advance from their starting position in Grade 4 (Step 1) to Step 4 if they demonstrate acceptable performance. Another employee asked what their salary would likely be after completing two additional years of service. This employee just entered their first year in Grade 4 (Step 2). If they were to demonstrate acceptable performance, what would their expected salary be after completing two additional years of service? All pay rates typically increase each year based on changes in the consumer price index. Calculate the salary for each step in Grade 7 based on an overall 3% increase. Your findings should be in a Word document and may include a bulleted list or table. Submit your assignment here. Make sure you’ve included all the required elements by reviewing the guidelines and rubric. 4. For this assignment, you will acting as the human resources director on an internal team that includes the owner and the benefits analyst. A healthcare services organization with 46 employees has tasked the team with designing a new compensation system for them. The services include a pharmacy, various healthcare equipment for sale or rent, and chronic care management. Based on your module readings and any additional research, create a PowerPoint presentation addressing the following from the perspective of the human resources director: What role do nonmonetary rewards play in a compensation package? How might the team create a compensation system to support the organization’s strategy? What other stakeholders should be on this team and what role should they have in designing this compensation package? Include at least three national laws or regulations that must be considered in the development of the new compensation system. Submit your assignment here. Make sure you’ve included all the required elements by reviewing the guidelines and rubric. 5.In this milestone, you will begin to establish a personal financial plan that reflects what you have learned in this course so far. Now that you see the value of developing short-term, intermediate-term, and long-term financial goals, you will be able to plan appropriately and outline the steps necessary to achieve your goals. You will submit the following deliverables: Worksheet 1: Personal Financial Goals Worksheet Worksheet 2: Financial Objectives Worksheet Worksheet 4: Balance Sheet Worksheet Worksheet 5: Simplified Income Statement Worksheet A 2- to 3-page short paper that you wrote Submit your assignment here. Make sure you’ve included all the required elements by reviewing the guidelines and rubric.
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