Develope pay.for performance system for professors at your college or university. explain how you would evaluate and rewars performance?
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- Develop a table on performance appraisals (PA) and how they are applied to training. In column 1, identify three different types of PAs that can be offered. In column 2, analyze how the PA can be applied to a training effort. In column 3, identify one type of training and one assessment tool for each PA that could be used to identify training success.Q.3 Develop a pay-for-performance system for professors at your college or university. Explain how you would evaluate and reward performance?April 2012, Forbes' magazine began its annual report on executive com- pensation with the following: "Our report on executive compensation will only fuel the outrage over corporate greed. In 2011 the chief executives of the 500 biggest companies in the U....got a collective pay raise of 16% last year, to $5.2 billion. This compares with a 3% pay raise for the average American worker. The total averages out to $10.5 million apiece....So much for the moral suasion granted to shareholders last year with the first-ever say-on-pay votes for U.S. public companies." (Forbes, April 4, 2012) Public criticism of executive compensation, especially among top execu- tives of U.S. based public-traded corporations, increased significantly following the economic collapse that began in 2008. For many observers, the magnitude of executive pay, both in absolute terms and relative to average workers, particu- larly needed to be addressed at a time when failed management was at fault for so much public and…
- URGENT !!! Explain why it is so important to link performance and pay to strategies.What are the possible reasons, other than what has been stated in Pink's speech, for the counter productivity of financial performance incentives? What are some of the contributing factors that lead to excellent performance other than financial rewards?Imagine that the steel industry is taking a major economic hit and Nucor’s profits are way down. Employees are beginning to feel the pinch of substantially reduced pay. What can Nucor do to keep its employees happy?
- 5. What are expectancies and valences? How do they affect performance?In your opinion, what is the most important employee benefit to you? Merit increases, Paid time off (PTO), Vacation time, Sick time, incentive pay, healthcare, overtime pay, Free employee parking, Commuter discounts?Conduct comparative research on benefit packages (as well as any other supplementary data, such as industry standards) for the below jobs. identify your comparison group(s), why you chose the comparison group(s). Evaluate the success of your benefit plans, including both quantitative and qualitative measures. Returns/Inventory Processor
- Briefly outline what you understand by the term ‘HR analytics? How do HR analyticsimpact on employees, particularly in relation to GDPR? Please give real-life examples tosupport your argument.Explain THREE (3) methods of performance appraisal that a a large conglomerate uses during the Performance Appraisal process 2.Highlight THREE (3) challenges that often plague Performance Management Systems and discuss how each challenge may be overcomed 3.State the difference between Performance Management and Performance appraisal1. Why organizations conduct performance appraisals? 2. Discuss the different methods for appraising performance. What do you think is the best method? Why? 3. What are the issues in performance appraisal? Give example.