Which of the following is not an example of how payroll can provide input into the union negotiation process O Advise on issues surrounding increasing the group benefit package O Advise on issues surrounding the cost of increased wages O Advise on issues surrounding the timing of retroactive payments O Advise on issues surrounding methods of increasing productivity
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- When is employee compensation referred to as variable pay? 0 a. when employee pay is comprised of varying component O b. when employer costs vary with the incentives offered O C. when employee pay varies with market pay when employee pay is linked to performance O d.Explain some of the issues that should be addressed by the employers bargaining strategy? Compare and contrast employee rights and employment-at-will.Which of the following is the process of deciding on the schemes of financial incentives in addition to regular payment of wages and salary? O a. Bonus O b. Salary O c. Job evaluation O d. Incentives
- Which is not a necessary condition for operating a selected incentive scheme successfully and efficiently? * The rules of the scheme should be easily understandable The bonus payments should be paid soon after the extra effort has been made by the workers. A selected incentive scheme should be communicated to employees. O Labor productivity should be at the very high level.The first issue in strategic pay is internal alignment, which addresses pay relationships inside the organization. True False"Burdensome employment regulations do more harm than good. If employees don’t like a particular job, they are free to seek another job. It is the labour market that provides the best defence against exploitative employers.” Discuss this argument, referring to at least three of the following:a) bargaining powerb) employment rentsc) equilibrium employment levelsd) Labour-market frictions.
- Bonus plan are used to reduce agency problems that exist between managers and shareholders. Discuss two of these problems specific to the relationship between shareholders and managers and identify how bonus plans can be used to reduce the agency problems you have identified. In your answer you should provide examples of specific components that should be added to a bonus contract to address the issues identified.what financial arguments could you use to justify your proposed recommendations to segregate FLTs and the worker?Why are the different organizations method to use Salary Surveys? Also elaborate employees financial and non-financial benefits?(describe in details)
- Identify and discuss the non-financial factors that may affect a client’s decision to reduce employee wagesState whether the type of Mgt. Services given below is ( R ) related to acctg. and finance or ( NR ) not related to acctg. and finance. Write the letter of your choice on the blanks provided. _________1. Cost determination alternatives in collective bargaining contract. ______2. Job evaluation and salary administration. ______3. Cost analysis of major investment decision. ______4. Marketing OR sales forecast. ______5. Studies related to financial aspect of pension plan ______6. Long range planning. ______7. Setting up or improvement in internal control. ______8. Technical and marketing aspect of project feasibility studies. ______9. Analysis of financial statements. _____10. Production planning, scheduling, and control _____11. Evaluation of capital stock of companies for merger or sale purposes. _____12. Operations research _____13. Financial analysis of project feasibility studies _____14. Plant layout studies. _____15. Design, installation or review of budgetary…Which of the following policy decisions directly affectsemployees’ attitudes and work behaviors? A. Employee contributions B. Internal alignment C. External competitiveness D. Management