What are the differences between straight piecework compensation plans and guaranteed piecework compensation plans in 50 words or less?
Q: Discuss what are the benefits and drawbacks of time based pay plans?
A: A time-based compensation structure is one in which an employee is compensated primarily on an…
Q: How has human resource management’s evolution over the years helped to make it a better partner to…
A: How has human resource management’s evolution over the years helped to make it a better partner to…
Q: Critically analyse the compensation system in an organization of your choice and suggest improvement…
A: Compensation system is giving rewards to the employees who are working in an organization. Rewards…
Q: What advantages do continuous feedback and coaching offer over performance reviews?
A: Concept Introduction : Continuous Feedback and Coaching are the strategies of Human Resource…
Q: Why should even very small firms (with 10 to 100 employees) be concerned about HRM?
A: It is very important to not to underestimate the impact that Human Resource have on the small…
Q: What are two jobs for which individual incentive pay is appropriate and two jobs for which…
A: Individual incentive schemes attempt to relate workers' individual efforts to their remuneration.…
Q: 1. In light of the purposes of a job description, what are the strengths and weaknesses of each?…
A: Job description is a big picture which can have a much larger impact on an organization. The purpose…
Q: What are the two types of bonus pools for bonus incentive plans? How do they differ, and how…
A: A company decides to give an unexpected or unplanned bonus: Is a great recognition tool and does…
Q: Younger workers have startlingly high expectations for their pay, their responsibilities, and their…
A: A younger worker refers to a person of 15 to 24 years of age who performs work or supplies services…
Q: How would you define an effective reward system? What role do benefits serve in a reward system?
A: An inspired workforce can be a critical factor in authoritative achievement. At the point when…
Q: Do you think virtual job tryouts might be better suited for some jobs than others? If so,…
A: Organization- A collection of people, who all are involved in pursuing defined objectives is called…
Q: Explain the direct type compensation and indirect type compensation, and elaborate any THREE (3)…
A: It is very important to understand that where the payment which is received by an employee from an…
Q: Is a job analysis and a job evaluation necessary to build an internally consistent compensation…
A: JOB ANALYSIS: Job analysis refers to the process of analyzing a job to determine the activities and…
Q: What are the factors affecting employee compensation? How to develop a strategic compensation…
A: Compensation is a critical topic in Human Resource Management (HRM) since it influences the…
Q: In the traditional psychological contract , the HR function should do in order to address these…
A: A psychological contract can be explained as the unwritten or informal set of expectations that are…
Q: 34) James Walker breaks down performance pay into a number of categories, describing the results and…
A: Performance-related pay and also called pay for performance, that not to be confounded with a…
Q: Describe what are the benefits and drawbacks of time based pay plans ?
A: A time-based compensation system is one in which an employee is paid mainly on an hourly basis…
Q: Explain why is Job Description important before the Management of an Organization can decide on the…
A: A job description is a document that defines the roles and responsibilities that the employee needs…
Q: 3. give an example of how job evaluation occurs in the compensation system. 4. give a sample…
A: Compensation is consists of pay or rewards which go to the employees for productivity in the…
Q: Management experts, administrators and business practitioners realize that HR is the determining…
A: Experts in the profession of human resources build the company values by generating effective…
Q: What is gross wages? O a. Basic wages minus all other allowances O b. Total wages minus all other…
A: Wages and salaries are the remunerations paid or payable to employees for work performed on behalf…
Q: Explain what are the key pros and cons of time based pay plans?
A: A time-based compensation plan is one in which an employee is primarily compensated on an hourly…
Q: What are the key advantages and disadvantages of time-based pay plans?
A: A time-based pay plan is a plan in which an employee gets paid on an hourly basis mostly. This is…
Q: Why is training expensive? What are the costs involved in giving a training?
A: Employee onboarding comes with a cost, usually referred to as training cost of the employees.
Q: a. Identify and discuss the factors that can affect whether or not training transfers back to the…
A: Training is a process carried out by the organization to help employees learn new skills, adapt to…
Q: Recommendations for tying compensation to performance.
A: The motives of the organization are to achieve the objectives like maximizing the market share,…
Q: individualized rewards
A: Incentives are variable incentives offered to workers due to the differences in their results. An…
Q: what is external competitiveness of compensation?
A: External competitiveness is distinct as how fine the organization will pay & provide benefits to…
Q: Merit pay plans appear to be the most common form of compensation in the United States. Although…
A: Merit pay inappropriate jobs examples Assembly line workers These workers are not for long term…
Q: You have been named Human Resources Manager for a company that has 180 employees and no formal base…
A: I will employ the following strategies to create a formal centralized pay system in the…
Q: Merit pay plans appear to be the most common form of compensation in the United States. Although…
A: Compensation - When you paid your employees for there work in term of cash and non - cash payments…
Q: Explain what are the 3 types of delays in terms of compensation and time adjustments?
A: Three Types of Delays include 1. Not Excusable DelayThe delays which cannot (or cannot be) excused…
Q: t is the meaning of 'intrinsic' compensation and 'extrinsic' compensation. Explain how both types of…
A: Drawbacks associated with motivation are: 1. Motivation through the use of non financial incentives…
Q: What is compensation? How is compensation used? What is the purpose and importance of compensation?
A: Compensation Management : Compensation management is the type of management practice which deals…
Q: Remuneration packages need to be created, managed and distributed efficiently. This is where human…
A: The benefits package is mostly offered to the employees and it includes various types of benefits…
Q: What are the pluses and minuses of variable-pay programs from an employee's viewpoint? From…
A: Human Resource Management The fundamental method to manage the convincing and capable organization…
Q: What is workers' compensation? Who does the work compensation apply to?
A: Workers' compensation or workers' comp is a type of protection giving pay substitution and health…
Q: 1. Choose two (2) objectives of compensation management and recommend strategies on how to achieve…
A: Hi! Thank you for the question As per the honor code, We’ll answer the first question since the…
Q: How might job enrichment concepts be used to increase morale and retention at TSA?
A: Job enrichment refers to a concept in which an employees are enriched or allowed to perform more…
What are the differences between straight piecework compensation plans and guaranteed piecework compensation plans in 50 words or less?
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- Is a job analysis and a job evaluation necessary to build an internally consistent compensation structure?what is the meaning of 'intrinsic' compensation and 'extrinsic' compensation. Explain how both types of compensation lead to a good compensation package that can Incentivize the employees to be more motivated in their job and give 3 examples of intrinsic' compensation and 3 examples of 'extrinsic compensation.What are suggestions to improve the problems of forcing employees to sign salary reduction contracts ? the recommendations must be related on concepts of compensation management
- Pay-for-performance compensation models improve employee engagement and retention by clearly tying employee or company achievement of performance goals to tangible financial rewards. 1. What are the advantages and disadvantages if pay-for-performance compensation model will be adopted by the government? 2. Which government agency will benefit from this compensation model?Merit pay plans appear to be the most common form of compensation in the United States. Although widely used, these systems are not suitable for all kinds of jobs. Based on your knowledge of merit pay systems, identify one job for which merit pay may be appropriate. Explain in detail why you chose the job for appropriate merit pay and the job you chose as not appropriate.There has recently been substantial media attention on the “controversy of executive compensation”Taking this into consideration, examine the objectives of a compensation system, employee benefits and benefit planning.
- 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 the key advantages and disadvantages of time-based pay plans?Merit pay plans appear to be the most common form of compensation in the United States. Although widely used, these systems are not suitable for all kinds of jobs. Based on your knowledge of merit pay systems, identify at least three jobs for which merit pay is inappropriate. Be sure to provide your rationale given the knowledge you now have.
- Internal equity is an important factor for compensation system success. Explain what is meant by internal equity? Why it is important? How it can be achieved? Should the job evaluation depend on an appraisal of the jobholder's performance? Why? Or Why not? Prepare a scale for evaluating jobs of your organization?Traditionally organizations have taken a one size fits all approach toward providing benefits. However, considering the diversity of today’s workforce, more organizations are modifying their compensation packages to include a variety of packages. Some of the rewards organizations can provide include: increased base pay, bonuses, shortened workweeks, extended vacations, paid sabbaticals, flexible work hours, part-time employment, guaranteed job security, increased pension contributions, college tuition reimbursement, personal days off, help in purchasing a home, recognition awards, paid club memberships, and work-from-home options. What are the positive aspects of having individualized rewards? (Think in terms of employees and managers.) What are the negative aspects of having individualized rewards? (Again think in terms of employees and managers.)Give an example of a compensation package a company can offer to ehnahce their current compensation package to retain employees in the compay . The package must include Paid Time off, sick leave benefits holiday benefits health insurance, pension plan. Please keep in mind the company has full time and part time employees
