Suppose you work in the HR department of a manufacturing company that is planning to enrich jobs by having production workers work in teams and rotate through various jobs. The pay structure will have to be adjusted to fit this new work design. How would you expect the employees to evaluate the fairness of their pay in their redesigned jobs? In terms of equity theory, what comparisons would they be likely to make?
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- true or false 1. To be fair, the pay differential between succeeding positions should be the same as you go up the pay structure. 2. Cost-of-living allowances are based on performance 3. Cash compensation is transactional while relational is psychological. 4. As long as a compensation plan is ethical, legally compliant and fair, it does not need to be efficient. 5. An incentive pay received in Year 2020 of P25,000 is expected to be received in Year 2021 also. 6. When you create more levels for a position, it will provide an employee a psychological feeling of promotion and mobility within an organization.Please answer the following: 1. What is job analysis? What legal issues the does company need to consider when it does job analysis? 2. Describe Person-focused pay plans. What are advatanges and disadvantages of Person-focused pay plans.Hazel had worked for the same Fortune 500 company for almost15 years. Although the company had gone through some toughtimes, things were starting to turn around. Customer orders wereup, and quality and productivity had improved dramatically fromwhat they had been only a few years earlier due to a companywide quality improvement program. So it came as a real shockto Hazel and about 400 of her coworkers when they were suddenly terminated following the new CEO’s decision to downsizethe company.After recovering from the initial shock, Hazel tried to findemployment elsewhere. Despite her efforts, after eight monthsof searching she was no closer to finding a job than the day shestarted. Her funds were being depleted and she was getting morediscouraged. There was one bright spot, though: She was able tobring in a little money by mowing lawns for her neighbors. She gotinvolved quite by chance when she heard one neighbor remarkthat now that his children were on their own, nobody was aroundto…
- Review the SHRM case: “Designing a Pay Structure” You will prepare the SHRM case analysis on “Designing a Pay Structure,” which consists of your completion of Tasks A–J that simulate the creation of a compensation system for an organization in meeting its goals and supporting its mission. In your analysis, respond to the following tasks found in the case study by using Excel. Your case analysis should consist of: Task A: Create a complete job description for the benefits manager position using O*NET. Task B: Calculate the job evaluation points for the administrative assistant, payroll assistant, operational analyst, and benefits manager jobs. Provide a rationale for assigning specific degrees to the various jobs. Task C: If there were any outliers (i.e., extreme data points) in the data, what would you recommend doing with them? From this point forward, assume no extreme data points exist in the dataset. Task D: Conduct a simple regression in Excel to create a market pay line by…Job satisfaction (When you first read about this exercisebreak plan in Chapter 23, you did not have an inferencemethod that would work. Try again now.) A companyinstitutes an exercise break for its workers to see if it willimprove job satisfaction, as measured by a questionnairethat assesses workers’ satisfaction. Scores for 10 randomlyselected workers before and after the implementation ofthe exercise program are shown in the table.a) Identify the procedure you would use to assess theeffectiveness of the exercise program, and check to seeif the conditions allow the use of that procedure.b) Test an appropriate hypothesis and state yourconclusion.c) If your conclusion turns out to be incorrect, what kindof error did you commit? WorkerNumberJob Satisfaction IndexBefore After1 34 332 28 363 29 504 45 415 26 376 27 417 24 398 15 219 15 2010 27 37Mexicana’s Compensation Strategy For many businesses in today’s belt-tightening economy, decisions on pay need to be strategic to ensure that employees are treated fairly and to ensure that businesses can remain viable. This requires knowing what your competitors pay their employees and knowing your own salary budget. But knowing what your competitors are paying can be both valuable and painful. As a primary stakeholder and former CEO of Mexicana (a fast growing chain of fresh Mexican restaurants) Bongani Ndlovu knew he was competing against some restaurant chains with competitive compensation systems. Mexicana is a fresh Mexican grill featuring Baja-inspired foods that are made from scratch daily. Following a trip to Cabo San Lucas on the Baja Coast in Mexico, Mexicana founders Bongani and Zandi Ndlovu were inspired with a vision to bring the freshly made Mexican cuisine with the vibrant lifestyle to South Africa. They started their first restaurant in 2008, and after just 13 years,…
- 14. How Can I Retain The Talent In The Organization During A Recession And Without A Dedicated Budget?What method of job analysis do you think would be most applicable for jobs in a food chain or mall/department store?what method of job analysis dou you think would be most applicable for jobs in a food chain or a mall or department store?
- What is compensation? How is compensation used? What is the purpose and importance of compensation? What are the different types of compensation? Explain each type. What are the factors affecting employee compensation? How to develop a strategic compensation strategy? What is incentives and benefits administration? Discuss the advantage of incentive programs. What are the categories of employees benefits? What are the legal considerations in offering administering benefits? What are the organizational challenges associated with a benefit package?What method of job analysis do you think would be most applicable for jobs in a large grocery store? For jobs in a public library?Management How can increased diversity result in higher economic performance? A company provides three months of paid parental leave for new parents both men and women, what type of compensation is this? How is this company considering diversity in their compensation? Diversity is a principal factor to HR decisions, please describe how diversity can impact different HR functions. XYZ company surveys employees every year to improve the working environment from a compensation and benefits perspective. For example, they help employees with providing college loans, they also provide more family leave for people who have kids. They also change the basic salary based on the location, in locations where rent and prices are high, they increase the salaries.