Why Management first must position the firm’s general pay level relative to pay levels of comparable firms?
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Why Management first must position the firm’s general pay level relative to pay levels of comparable firms?
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- How are benefits designed for employees? Explain the types of benefits that are offered by employers. Should all employers have to offer benefits?Compare and contrast the advantages and disadvantages of pay-for-performance and competency-based pay. What strategy would you recommend for your organization, and why?How does managing employee compensation relate to overall business goals? Provide examples from a managerial perspective.
- Is the apparent inequity in the organization’s wage and salary structure at all justifiable? Why, or why not?Is executive compensation excessive or appropriate?What are the advantages and disadvantages of using supervisors, peers, subordinates, self, and customers as sources of performance information?
- What could be the best cash compensation plan that would be fair to both management and employees, granting periodic raise in the salary or by granting them bonuses? Why?analyze and apply managerial skills, concepts, and theories to a real-world company and jobposting/description. (may choose any company you desire).Have a conversation on the role that human behavior plays in the success of an organization. Should the rules and procedures of a company's pay system be designed to encourage employees to perform in a manner that moves the business closer to achieving its purpose and goals?
- 6. What is the process of finding and retaining the most qualified employees to help a company reach its goals? a. Project management b. Talent management c. Employee management d. Recruitment managementEffective recruitment and selection are the pre- conditions for achieving higher employees performance and ultimately achieving the organization's objectives. Discuss the validity of this statementWhat management strategies for recruiting, and retaining human capital, including to what extent a succession plan is in place.