What are the differences betwen Person-focused pay plans and Individual incentive pay program
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What are the differences betwen Person-focused pay plans and Individual incentive pay program?
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- Analyse the importance of salary survey and food basket to reward systems?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.8. How may rewards be classified?
- 1. Explain the advantages and disadvantages of Best Buy's different employee programs using Maslow's hierarchy of needs theory, reinforcement theory, and expectancy theory.How do these theories drive the compensation process? Should rewards be based on equity “what goes on in a person’s head”, expectancy “the probability a task can be completed” or performance?enumerate... Under what conditions, employee participation in pay -related decisions can contribute to the success of an incentive pay plan?