Which competitive pay policy would you recommend to an employer? Why? Does it depend on circumstances faced by the employer? Which ones?
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Which competitive pay policy would you recommend to an employer? Why? Does it depend on circumstances faced by the employer? Which ones?
Compensation Management :
Compensation management is the type of management practice which deals with designing and implementing a compensation package. In compensation management the manager sees the reward that an individual will receive for his work done for an organization. Compensation can be in the form of cash or any added benefit to the employee in favor of his work done for the organization.
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- Should the firm offer benefits to part-time workers? If so, what benefits and why?How are benefits designed for employees? Explain the types of benefits that are offered by employers. Should all employers have to offer benefits?What is “360-degree feedback”? What advantages might it have over more traditional performance appraisal systems that use only downward feedback? What are some of the potential problems that could occur in using a 360-degree feedback system?
- Which performance appraisal tool is being used when a supervisor places predetermined percentages of appraises into various performance categories? What potential problems may occur after such an appraisal? You are to develop such tool please mention all steps you will undergo through?What steps should be taken to ensure pay equity? Rather than focusing on past performance in a yearly review, should employee performance evaluation systems incorporate continuous feedback?Which performance method would you say you like the most and the one that you like the least? Please share why you chose these two. For the most effective, how it is effective in doing the following: providing fair and reliable ways of differentiating employees; targeting and rewarding those who most deserve it; setting forth a fair and cost-effective plan for compensation; and motivating and ensuring the performance of employees. For the least effective, how it interferes with the above four items.
- What are the benefits from the point of view of an employee to be employed as an at-will employee? What are the exceptions to being an employee at-will?Which forms of equity refers to the fairness of a job’s pay rate in comparison to other jobs with in the same company? What happens when the employee feels in equity for that? What does the company do for resolving?An employer that provides its employees with access to heallh care services from health care providers located at its business office is commonly known as which type of employer-sponsored plan? A.worksite plan B. health savings account plan C. consumer driven healih plan D.flexible spending account plan
- you will 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.Why is assessing job performance necessaryPay-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?