Discuss the below:
1. Performance Standards
Describe the relevance of performance standards for today's knowledge-directed workers, and how their use will result in a more competitive compensation and benefit strategy
2. Performance Incentives
Compare and contrast when it would be preferable to motivate employee performance through short-term incentives versus long-term incentives, and vice-versa.
3. Executive Compensation
Choose one of two statements below and construct an argument supporting your position:
•The market trend towards escalating executive compensation reflects the critical importance of an executive to an organization's long-term viability.
•The growing compensation inequity between executive management and the average employee threatens to destabilize organizational morale and societal justice.
Benefit Packages
Today's globally competitive business environment has caused many U.S. businesses to reduce the value of their employee benefit packages. Examine how an organization can maintain its costly benefit structure while remaining competitive against countries whose companies do not offer such benefits