Discussion:
1.Compensation and Government Regulations
• Compare job-based pay with skill-based pay and provide an example of each. Determine which pay you would prefer. Support your decision.
• Determine how government regulations affect compensation and if the regulations are needed. Support your position with examples.
2.Compensation Packages
Examine the common elements of compensation packages. Determine which two elements you believe to be the most motivational to an employee and to you. Support your position.
Compare team and individual bonuses and incentives. Determine which type of bonuses and incentives you would prefer. Support your position with examples.
3. Leading Change Effectively
• Review the article "When Does Voice Lead to Exit? It Depends on Leadership". Analyze the three (3) characteristics which demonstrate readiness to lead change. Conclude which characteristics or behaviors tend to increase employee turnover and / or demonstrate the manager's inability to properly lead change.
•Review the video- "The Perils of Confusing Management and Leadership",
You may also view the video at https://www.youtube.com/watch?v=Dz8AiOQEQmk. Next, reflect on the differences between management and leadership, as explained by Kotter. Compare and contrast management and leadership.