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Solved in 3 steps
- Where did the concept of performance management originate?x. critically analyze and discuss the myriad factors that frequently shape an organization's compensation decisions, considering both internal and external influences."What are employee benefits? Explain how they are a major part of the compensation package. Review a current compensation package and determine if it is adequate and fair given the tasks needed in the job.
- What are suggestions to improve the problems of forcing employees to sign salary reduction contracts ? the recommendations must be related on concepts of compensation managementwhat are benefits of employee involvement in performance evaluations, feedback, and how performance measures are tied to compensation.Discuss with the business 3 job evaluation methods utilized to determine compensation strategy. Include advantages and disadvantages of each method.
- Is a job analysis and a job evaluation necessary to build an internally consistent compensation structure?critically analyze and discuss the myriad factors that frequently shape an organization's compensation decisions, considering both internal and external influences."Critically analyse the compensation system in an organization of your choice and suggest improvement to the current compensation system.
- Select an HRIS and discuss the ways that this system could be utilized to manage compensation and benefits.What are the two critical uses of job analysis when applied to compensation? When conducting a job analysis, what is an advantage of conventional methods such as questionnaires and interviews?Why are employee benefits sometimes referred to as "indirect compensation"?