Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
expand_more
expand_more
format_list_bulleted
Question
Chapter 11, Problem 4DCS
Summary Introduction
To discuss: The method of compensation which is appropriate in the occupation of doctor, computer salesperson, computer software developer, teacher and assembly worker.
Introduction: Compensation is the amount which is given to the person for his working in the workplace, which varies from one person to other according to his job profile.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solutionStudents have asked these similar questions
Give at least 5 criteria that you consider in hiring manpower for your business? Kindly explain why?
What benefits are mandated by law ?
What are the most common benefits not mandated by law?
What are the purposes of employee benefit programs?
Merit pay plans appear to be the most common form of compensation in the United States. Based on your knowledge of merit pay systems, identify one job for which merit pay may be appropriate and another for which it may be inappropriate. What is the rationale for your choices?
Chapter 11 Solutions
Understanding Business
Ch. 11.1 - Prob. 11.1AQCh. 11.2 - Prob. 11.2AQCh. 11.2 - Prob. 1TPCh. 11.2 - Prob. 2TPCh. 11.2 - Prob. 3TPCh. 11.2 - Prob. 4TPCh. 11.4 - Prob. 11.4AQCh. 11.5 - Prob. 11.5AQCh. 11.5 - Prob. 5TPCh. 11.5 - Prob. 6TP
Ch. 11.5 - Prob. 7TPCh. 11.5 - Prob. 8TPCh. 11.5 - Prob. 1MEDCh. 11.6 - Prob. 11.6AQCh. 11.6 - Prob. 11.6BQCh. 11.6 - Prob. 11.6CQCh. 11.7 - Prob. 9TPCh. 11.7 - Prob. 10TPCh. 11.7 - Prob. 11TPCh. 11.8 - Prob. 11.8AQCh. 11.8 - Prob. 11.8BQCh. 11.9 - Prob. 11.9AQCh. 11.10 - Prob. 11.10AQCh. 11.10 - Prob. 12TPCh. 11.10 - Prob. 13TPCh. 11.10 - Prob. 14TPCh. 11 - Prob. 1CECh. 11 - Prob. 2CECh. 11 - Prob. 3CECh. 11 - Prob. 4CECh. 11 - Prob. 1CTCh. 11 - Prob. 2CTCh. 11 - Prob. 3CTCh. 11 - Prob. 4CTCh. 11 - Prob. 5CTCh. 11 - Prob. 1DCSCh. 11 - Prob. 3DCSCh. 11 - Prob. 4DCSCh. 11 - Prob. 5DCSCh. 11 - Prob. 1VCCh. 11 - Prob. 2VCCh. 11 - Prob. 3VC
Knowledge Booster
Similar questions
- Merit pay plans appear to be the most common form of compensation in the United States. Although widely used, these systems are not suitable for all kinds of jobs. Based on your knowledge of merit pay systems, identify one job for which merit pay may be appropriate. Explain in detail why you chose the job for appropriate merit pay and the job you chose as not appropriate.arrow_forwarddescribe three considerations in developing a pay system. Which is the best?arrow_forwardDiscuss with the business 3 job evaluation methods utilized to determine compensation strategy. Include advantages and disadvantages of each method.arrow_forward
- Describe the pay system that you believe would be the best for both the workers and the company.arrow_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_forwardEven the most sophisticated recruitment and staffing practices can still result in hiring employees who is simply not capable of an acceptable performance, explain why.arrow_forward
- 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?arrow_forwardDescribe and explain the three compensation strategies for job offers?arrow_forwardYou are asked to establish a worker’s compensation program in your organization that better manages your organizations workers’ compensation exposure. Identify six (6) specific services that you would include in this program and describe the value of each to the overall program.arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you