Give typing answer with explanation and conclusion Alex is facing the difficult task of considering revamping the compensation system.Currently what types of equity issues does the company seem to have within theircurrent compensation system? Please choose the most appropriate answer.There are only external equity issues.There are only internal equity issues.There are both internal equity and external equity compensation issues.

The compensation system includes total rewards which are given to the employee of an organization. A…

Answered: Alex is facing the difficult task of…

Management, Loose-Leaf Version

13th Edition

ISBN:9781305969308

Author:Richard L. Daft

Publisher:Richard L. Daft

Chapter12: Managing Human Talent

Section: Chapter Questions

Problem 2DQ

See similar textbooks

Similar questions

Discuss the importance of compensation policies in diversified firms and identify the CEO compensation package that most closely aligns the interests of the CEO with those of stockholders. This should be a 2-3 pages paper.
A company’s compensation and rewards strategy is most effective when it remains in line with the organization’s overall business strategy and maximizes talent management. While human resources departments must strive to attract and retain the best workers for each position, the incentives needed to engage those workers must be balanced with the costs to the company. For this assignment, research compensation strategies, and consider general compensation programs for the position you identified in previous module assignments. Describe the base pay range and major incentives that are included in your benefits package and respond to the following: What types of rewards, both tangible and intangible, can be used to recognize and incentivize an employee in this position? Does your program include stock options, profit sharing, an employee stock ownership plan (ESOP), healthcare, etc.? Are your specified options provided for employees of all levels or just for certain positions? How…
What are the potential advantages and disadvantages of using the nine-box grid for talent reviews? Explain the four steps in onboarding. What should new hires learn at each step? How might social media or the Internet aid the onboarding process? What is bench strength? Is it important for companies to have bench strength? Why? How does succession planning influence a company’s bench strength? What are some of the challenges of succession planning for family businesses?
Develop an overall compensation plan for a small business. Instructions Read 2G Robotic Case Study.Links to an external site. Complete study questions: Describe and assess the advantages and disadvantages of the direct compensation/pay system at 2G Robotics. Also, the benefits (i.e., dental) provided by the company. What are the benefits and dangers of implementing a stock option plan or an employee trust (i.e., something that gives employees a stake in the company)? What are some of the non-financial rewards that are available to employees who work at this company? How important are pay and benefits, including an employee trust, versus non-financial rewards in motivating employees at 2G? What do you think should be the company's general approach to compensating employees in pay, including an employee trust, and benefits? Should Gillman try to improve pay levels? Why or why not and in what specific ways? Do you think 2G should use a more formal pay system? Why? What changes would you…
Read the passage and answer the question that follows With just under 100 employees, Jackson, Smith, and Henderson CPA (JSH) is considered one of the fastest-growing certified public accounting (CPA) firms in the area. Alan Jones was recently hired as the director of human resources and has many challenges ahead of him as he works to formalize the human resource practices of the firm. As the benefit open enrollment period is approaching quickly, his first job is to review the benefit offerings of the firm to ensure that JSH is competitive with other area firms. Beyond the legally required benefits, the firm currently offers a fairly basic benefit package including health care insurance, a 401(k) plan, vacation days, and sick days. Currently, all employees are full-time, and all employees are eligible for benefits. However, two employees have recently requested part-time schedules. Further, in order to meet future unique staffing needs, the firm is considering hiring part-time workers…
Write your position regarding the importance of human capital management to achieve organizational goals and a competitive advantage. Recruitment and selectionOne of the most important jobs as a cafe manager is to recruit and select the best employees. a). Once you've attracted several potential candidates, how would you decide which one to select for your coffee shop? Identify at least three qualities or qualifications that this potential employee must have and that you consider very important for candidates for the server position.b Write five questions that you could use for the job interview of potential candidates for the position of waiter.
(1) Where do you think you would be mostcomfortable: as a regular employee in aconventionally structured firm or as an independentcontractor, moving from project to project? Why? (2)Assume that you went to work for a conventionalemployer and then left to work as an independentcontractor as soon as you developed enough of a skillset to make it on your own. (Assume, as well, that youwere not violating any sort of employment contractand were free to leave.) Would you have any ethicalconcerns about leaving an employer who hadinvested in your professional development? Why orwhy not?
Please read the case and answer the questions at the end. Please respond to two of your peers. Do you agree or disagree? State University employs a large number of graduate students to work as teaching assistants. The teaching assistants often complain about their work. They feel that faculty and administrators demand too much. A common complaint is their low wages. The graduate students frequently point out that they do much the same work as faculty members, yet they receive only a very small percentage of the pay that faculty members receive. They also claim that faculty members frequently treat them unfairly. Teaching assistants are often asked to do large amounts of grading in very short time periods. Many also feel that faculty members are not very good at communicating expectations. In response to the dissatisfaction of the teaching assistants, a local union representing public workers has begun efforts to organize a labor union. Union representatives have obtained campaign card…
Suppose that you are in a position that enabled you to hire a manager in a company; and you are in a position that confused to hire either Average managers, Successful managers, or Effective managers. Which one you will assign, and what is the deference between each one of them?
Compare Web sites. From their Web sites, construct a chart comparing these consulting firms' stated core values and culture and their business strategy, and highlight the services offered. 2. Critically assess whether their strategies and services are unique and/or difficult to imitate. Which one would you select (based on the Web information) to help you formulate a company's total compensation strategy? 3. Based on the Web information, which one would you prefer to work for? Why? 4. Be prepared to share this information with others in class. Result: If everyone does a great job on this exercise, you will have useful information on consultants.
Can you answer it in a short answer? please John was thrilled when, after completing his MPA degree, he was hired to work as a management analyst in the state office of management and budget. During his first year on the job, John impressed his supervisor and coworkers with his excellent analytical and writing skills. Even though his time on the job was short, he had proved himself to be an intelligent, hard-working, and reliable employee. At his 1-year performance review, he received an "excellent" overall rating. Shortly after his 1-year anniversary on the job, a new governor was sworn into office. She had many innovative ideas and changes that she wanted implemented to improve the efficiency and effectiveness of state govern- ment. One of the vehicles she instituted to achieve these changes was the introduction of a statewide "management by objectives" (MBO) program to be administered out of John's office. Although John was relatively inexperi- enced, the unit director believed that…
1. In the studies we have seen Budgeting can be used as a control mechanism in Management. In your views, how can this used a a control mechanism. you may include examples to explain your answers. 2. Budgeting can be an important tool if implemented properly. Identify several positive results when budgets are used properly. Since budgets affect people, identify several negative aspects if budgets are not implemented properly. 3. Super Chicken operates a chain of takeaway chicken shops . The company is operating in a very competitive market , and it is difficult to gain and maintain market share . Management believes it is important to monitor competitors ' actions closely , and to continue to offer new products and special promotions to create high visibility among customers . The management team has recently reviewed its mission which is : - To be a caring and environmentally responsible company , providing fresh and nutritious meals at an affordable price .  Required : Consider the…

SEE MORE QUESTIONS

Recommended textbooks for you

Management, Loose-Leaf Version

Management

ISBN:

9781305969308

Author:

Richard L. Daft

Publisher:

South-Western College Pub

Management, Loose-Leaf Version

Management

ISBN:

9781305969308

Author:

Richard L. Daft

Publisher:

South-Western College Pub

SEE MORE TEXTBOOKS