A. Briefly explain: Compare and contrast piecework v. standard hour plan. Why would an employer choose to use the piecework plan over the standard hour plan? Give an example on how each is used.
B. Briefly explain: What is merit pay? Do you think it's a good idea to award employees with merit raises? Why or why not?
C. Summarize: What is an Employee Stock Ownership Plan? How did the company ENRON affect its employees with its unethical practices and their ESOP's? How was pay and compensation affected by the false profits and account reports? What negative consequences did this have on people (stakeholders and shareholders) who owned or were directly or indirectly connected to ENRON stock?
D. Define employee benefits. Make two lists and then explain: Which are required by state or federal laws? Which are (discretionary) benefits on the part of the employer? What is the difference between the two?
E. Summarize: Explain how company's like Costco use their compensation plan to improve employee engagement, productivity, and performance. What can Costco's pay practices teach us about how we design compensation plans?