CONNECT FOR MARKETING 180DAY
6th Edition
ISBN: 9781260537307
Author: Grewal
expand_more
expand_more
format_list_bulleted
Question
Chapter 20, Problem 11MA
Summary Introduction
To discuss: The list of elements in the compensation package and the way in which the compensation package should change over time with robust performance.
Expert Solution & Answer
Trending nowThis is a popular solution!
Students have asked these similar questions
You are hired as a consultant to implement a gain-share pay plan at an Amazon warehouse. What factors should you consider in developing and implementing such a plan?
Why companies should use a Salary-plus-commission plans to rewards salespeople?
In a business plan, you are tasked to create a management team for your small online business which sells bento cakes and other small sweet pastries. Also what is your proposed salary as a compensation paid to an employee by an employer in return for their work performed.
Chapter 20 Solutions
CONNECT FOR MARKETING 180DAY
Knowledge Booster
Similar questions
- give me answer as soon as possiblearrow_forwardObtain a copy of your current job description from your employer. In the instance that you are unemployed, obtain a copy of your job description from your former job. Provide an analysis of your job description. Do you think that it matches your current status and industry standards? What changes, if and, would you make to the job description/specification? Please help . Administratrive Secretaryarrow_forwardIn light of the threats associated with the Coronavirus disease, your company has decided to consider allowing employees to work from home. Anyone who is interested in working from home must have a conversation with their manager to determine if their position would be appropriate for this arrangement. If the manager approves, they must submit Form 4A to their HR representative. Those who are approved to work from home will start with a 3-month trial period, where they will be required to submit a weekly log of the tasks they performed at home. Using an email or memo inform employees of this new opportunity and make sure they know how to apply. Justify your medium selection. Although your company has tried to keep all staff members on board, the decision was made by the Board to downsize the company, thereby causing ten members of staff to be made redundant. Write a letter of termination to these employees using the indirect approach.arrow_forward
- As an associate member of the institute of human resources, you have been invited to give a presentation on employee benefits. Briefly outline your presentation under the following sub headings Justification for employee benefits Statutory benefits and their importance Factors considered in benefit planning Effective administration of benefitsarrow_forwardPrepare a Sales Job Description. Convert the duties and responsibilities in the job description into a set of Job Qualification. Prepare a Sales Force Compensation Plan. Use a search engine (e.g., google) to find sample compensation plans.arrow_forwardA prospective employer reviews an applicant's work history and personal references. In addition, he or she may review the applicant's credit report. Why would an employer be interested in the credit report of a job applicant when making hiring decisions?arrow_forward
- If you are to apply for a job position, what would it be and why? Explainarrow_forwardA 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…arrow_forwardSuppose you are working in an organization where your best friend is your colleague. One day due to some technical problem the biometric machine for attendance was not working for one week. Your best friend is coming late to the company daily as he need not have to record attendance. Your friend is happy upon not entering attendance and not coming on time. Whereas you do not agree with him and advised him to correct. He refused to do it so. If you insist on him you will lose your best friend. Based on this choose the type of dilemma you face O a. Personal ethical dilemma O b. Professional ethical dilemma O c. Organizational ethical dilemma O d. Societal ethical dilemmaarrow_forward
- We've discussed Total Rewards approach to attracting and retaining employees. Assume that you are an External Consultant and were hired to evaluate a small business start-up (or business of interest to you) on how they should structure their Total Rewards program. Based on what you have learned about legally required vs. strategic (voluntary) rewards and provide an initial proposal for what this organization needs to do to be compliant with the law and reasonably attract workers.You must identify the jobs/nature of the work for which you are hiring and seeking to base compensation decisions upon. You must state whether they would be low vs. highly skilled workers and define the work to be performed in preparing your proposal . In your response, you should be able to provide an overall plan with recommendations (e.g., You don't have to state what the wages would be but you should be able to recommend to an employer how they could determine it - minimum wage, premium above minimum wage,…arrow_forwardDo you think it will be effective to reward the employees who have been in the Company for more than 10 years? Give one reason for your answer.arrow_forwardMany organizations use performance appraisals to decide on promotions. Do you think this is fair? What are the factors that would make it less fair for employees?arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
