Principles of Change: Pay Plans

Topic: Principles of Change: Pay Plans
Read Chapter 12, “Recognizing Employee Contributions with Pay,” in the Human Resource Management textbook.
Review the SHRM Foundation Effective Practice Guidelines titled Leading Effective Change: A Primer for the HR Professional. The report is located in the Doc Sharing file folder in Pearson Learning Studio. In particular, read over the material addressing the Prosci ADKAR prescriptive change model.
Locate, download, and read one academic journal article and one website resource that provide additional detail on the Prosci ADKAR prescriptive change model. The website source can be an electronic journal, a popular magazine or newspaper, professional organization or management website. Do not include blogs or Wikipedia or other such sources in your research citations.
Locate, download, and read one academic journal article and one website resource that provide additional detail on the LaMarsh Managed Change model. The website source can be an electronic journal, a popular magazine or newspaper, professional organization or management website. Do not include blogs or Wikipedia or other such sources in your research citations.
Review the opening vignette ENTER THE WORLD of BUSINESS: “Employers Raise Pay, But Keep an Eye on Fixed Costs” on the first page of Chapter 12. Also review the closing comments to the vignette—A LOOK BACK (no title, multiple organizations) located on the last page of the chapter text which comes just before the chapter Summary.
Note: For this assignment, since no specific company is particularly highlighted in the opening vignette, you will select a publicly-traded company whose recent newsworthy stories have gained your attention in support of a change initiative that is already occurring or is needed.

Motivation and Incentive Pay. Summarize the pay-for-performance and incentives case, and answer the following questions:
Money as a Motivator. “Does money motivate? Use theories and examples…when addressing this question” (Noe et al., 2017, p. 526).
Designing an Incentive Plan. “Think of a job that you have held. [Outline] an incentive plan” (Noe et al., 2017, p. 526).
How Much is Too Much? Review the 5.1 Devotional and Scripture reading and using concepts from your biblical learning, address the need for HR to be able to balance the needs, wants, and desires of employees as it regards compensation and benefits with the limited resources that the company has available.
Role of Employee Attitude Surveys. “What would be the advantages and disadvantages of your plan? If your money was invested in the company, would you adopt the plan?” (Noe et al., 2017, p. 526).
Prosci ADKAR Model. Based on your research and reading, describe the Prosci ADKAR Curve prescriptive change model, and answer the following questions:
Use of the Prosci ADKAR Model. Identify how the Prosci ADKAR model may be used in an organizational setting to positively affect change.
Why the Prosci ADKAR Model Might Benefit HR at [YOUR] Company. Explain why the Prosci ADKAR model might be beneficial for a company you are familiar with (current or historical) in their efforts to affect change with an emphasis on linking pay to performance and reducing fixed labor costs.
LaMarsh Managed Change Model. Based on your research and reading, describe LaMarsh Managed Change model, and answer the following questions:
Use of the LaMarsh Managed Change Model. Identify how the LaMarsh Managed Change model may be used in an organizational setting to positively affect change.
Why the LaMarsh Managed Change Model Might Benefit HR at [YOUR} Company. Explain why the LaMarsh Managed Change model might be beneficial for a company you are familiar with (current or historical) in their efforts to affect change with an emphasis on linking pay to performance and reducing fixed labor costs.
Selected Change Model for Improved Job Satisfaction and Retention at the IRS. Select only one of the prescriptive change models—either the Prosci ADKAR model or the LaMarsh Managed Change Model—to describe in specific detail the process that a publicly-traded company could take to affect positive change with an emphasis linking pay to performance and reducing fixed labor costs. Tip: Try to select a well-known publicly-traded company for which there is an abundance of data, with emphasis on a company that has been reported in recent articles in the “Wall-Street Journal” or “USA Today” newspapers.
Note: Be sure to include all aspects of the model selected in your detail. Subheadings and/or an illustration may be beneficial to support your detailed description. If using an illustration, place it in the appendix section. (An illustration or other format in the appendix will not count toward the minimum word requirement for this Dropbox assignment.)

Answers to the assignment questions are to evidence critical thinking and be substantive, to include theory and application as appropriate from an HR professional perspective. See the grading rubric for assignment expectations and scoring.
The required sources include at a minimum: (a) the textbook, (b) the SHRM Foundation report, (c) two academic journal articles (one for the Prosci ADKAR model and one for LaMarsh Managed Change model) that are at least 3-5 pages in length, and (d) two reputable website sources—one for each of the two models (no blogs or Wikipedia, etc.).
For explanation of what constitutes an academic source, click on the following link: https://www.csuchico.edu/lins/handouts/scholarly.pdf
Note: For this Dropbox, one of the two academic journal articles may be replaced with inclusion of cited concepts from the 5.1 Devotional (devotion and/or Scripture reading).
For the submission of this Dropbox written assignment, compile a single document with inclusion of a title page and reference page.
Use the above bolded statements as your headings for the corresponding sections in your paper. One detailed paragraph (at least 3-5 sentences) is required for each of the areas listed in items 6 to 9 above, in addition to an overall introduction and conclusion.

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