Understanding Business with Connect Access Card
Understanding Business with Connect Access Card
12th Edition
ISBN: 9781260277142
Author: William Nickels, James McHugh, Susan McHugh
Publisher: McGraw-Hill Education
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Chapter 11.8, Problem 11.8AQ
Summary Introduction

To discuss: Whether a class instructor ever award bonuses for exceptional performance in class.

Introduction: Performance appraisal is an evaluation that measures employee performance against established standard in order to make company’s important decisions.

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Two employees perform the same job, and each received exemplary performance ratings. Is it fair to give one employee a smaller percentage merit increase because their pay falls within the third quartile but give a larger percentage merit increase to the other because employee #2s pay falls within the first quartile? Explain your answer.
There are 4 basic parts of a compensation system.  Which one do you think is the most important when recruiting new employees, and why?  Which one is most appealing to you when you begin a job search upon graduation, and why?
A company’s compensation and rewards strategy is most effective when it remains in line with the organization’s overall business strategy and maximizes talent management. While human resources departments must strive to attract and retain the best workers for each position, the incentives needed to engage those workers must be balanced with the costs to the company. For this assignment, research compensation strategies, and consider general compensation programs for the position you identified in previous module assignments. Describe the base pay range and major incentives that are included in your benefits package and respond to the following:  What types of rewards, both tangible and intangible, can be used to recognize and incentivize an employee in this position? Does your program include stock options, profit sharing, an employee stock ownership plan (ESOP), healthcare, etc.? Are your specified options provided for employees of all levels or just for certain positions? How…
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