Assignment:
Working individually, students should complete the "Critical Thinking" questions. This assignment is designed to incorporate the three unifying concepts of this course. These are
1) a "Human Capital" point of views. vs. a traditional Personnel Management point of view;
2) decision making that is driven by Metrics and Analytics vs. emotional appeals; and
3) PARTNERSHIPS between Line Leaders and HR Specialists vs. separate disjointed functional responsibilities held by each.
Each paper should be a minimum of 3 to 4 pages and comprehensively incorporate ALL of the questions in the assignment, as well as the associated readings included. APA formatted and verified in TurnitIN.
Critical Thinking questions:
1.Does money motivate employees? Why or why not?
2.Why should compensation systems be equitable? How can an organization design an equitable compensation system?
3.Compare and contrast the four job evaluation methods. Give an example of an organization in which each of the four methods might provide an optimal strategic fit.
4.Discuss the pros and cons of employee pay being fixed versus variable and dependent on performance. How might such decisions impact recruiting, motivation, and retention?
5.Analyze your current job responsibilities. Determine whether the method by which you are compensated is appropriate.
6.Is performance-based pay effective? Why or why not? How can performance-based pay systems be better designed to ensure optimal results?