Assignment: Compensation And Benefits
Question 1
Many would argue that if an employee receives a decent salary, he or she will be satisfied and remain with the organization. What are your thoughts on this statement? Does compensation motivate behavior? Do people join a firm because of pay? Do people stay in a firm or leave a firm because of pay? Do employees agree to develop job skills because of pay? Do employees perform better on their jobs because of pay? Provide examples to support your answer.
Question two
Some would argue that incentives are the key to retaining and attracting employees. It has been noted that there are various types of incentive plans. Discuss the advantages and disadvantages of individual incentive plans, team incentive plans, variable-pay plans, and group incentive plans. Provide examples of each plan.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.