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Question: Pay differences are noted among job classifications within the organization.
Why do companies adopt person focused pay programs, and what are the four models of this method of pay?
Identify and describe those classified as special groups in compensation. Discuss the components of an executive compensation package.
Speculate on the major challenges and opportunities you anticipate facing in this role.
How is compensation determined for these different positions?
Distinguish external competitiveness policies from internal alignment policies. What is external competitiveness?
Problem: Define pay policy. Which competitive pay policy would you recommend to an employer? Why?
Problem: I want to locate a scholarly, peer-reviewed article regarding how an employee's compensation can influence his/her behaviour on the job
Problem: Compare and contrast expectancy theory, equity theory, reinforcement theory, and goal setting theory.
Discuss the advantages and disadvantages of individual incentive plans, team incentive plans, variable-pay plans, and group incentive plans.
There are consequences of pay level and pay mix decisions. Identify and briefly discuss each factor.
Define pay policy. Which competitive pay policy would you recommend to an employer? Why? Does it depend on circumstances faced by the employer?
Create a outline for PP presentation from the perspective of leading a seminar on how to prepare a negotiation strategy.
Why are job analyses important in an organization? Describe the information that should be included in a job analysis as well as methods of collecting it.
Many employees do not realize or understand the difference between the benefits required and miscellaneous benefits.
Contrast the essential differences between the best-fit and best-practices perspectives.
What are the four policy issues in the pay model? What purposes do the objectives in the pay model serve?
Explain and analyze the concept of external equity and the related compensation concepts that enhance a competitive compensation program.
Analyze compensation concepts that influence market factors. Evaluate how HRM communicates these concepts of pay structures to employees.
The importance of compensation and benefits in employees’ motivation in the process of recruitment and retaining talent in the 21st century.
One of the goals of the assignment is to get you thinking about how different types of information resources can be helpful to you in different ways
What are two (2) strategies that organizations use to combine incentive plans in a balanced scorecard.
How does management keep track of job status and location during production?
Should more employers utilize the person-focused pay plans? Why, or why not? What are the advantages and disadvantages?
How health insurance benefits might impact the organization's overall strategic goal-setting process.