Performance and Management Essay examples

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Phase III: Performance and Management A. Policy For Recognizing Employee Contributions The purpose of this report is to use the compensation system we previously developed in Phases I and II to pay people, develop plans that reward performance, add benefits into the mix, and evaluate these results. First we will look at performance-based-pay as a policy for recognizing employee contributions. Performance-based-pay is a pay plan that varies with some measure of individual or organizational performance, such as merit pay, lump-sum bonus plans, skill-based pay, incentive plans, variable pay plans, risk sharing, and success sharing. It is basically a pay plan that moves away from the traditional base pay and across-the-board increases, and…show more content…
Implementation a. Matching FastCat Jobs With Benchmark Survey Jobs When matching FastCat jobs with benchmark survey jobs we first had to separate the jobs at FastCat into four different job families: engineering, technical, marketing, and administration. We started off with sixteen FastCat positions of the various job families and matched them with the benchmark jobs based on the responsibilities of the job as well as the experience and competencies required to hold the position. For example, take the engineering family. For the Engineer 1 of the benchmark survey job, it is described by the following statements: “Participates in development, testing and documentation of software programs. Performs design and analysis tasks as a project team member. Typical minimum requirements are a Bachelor’s degree in a scientific field or the equivalent and up to two years of experience.” We compared that to the Usability Engineer in our own organization. Some responsibilities of the Usability Engineer are as follows: “Contributes to the development and implementation of FastCat web applications,” “work with FastCat quality assurance to ensure integrity of FastCat software; test, debug, and fix data,” and “design appropriate software testing strategies.” The position requires a B.S. degree in Computer Science or related field plus at least
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