- a skill-based program
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- 1. Decsribe nonfinancial performances and explain how they are similar to and different from financial performance measures. 2. list three strengths and three weakness of the balanced scorecard approach 3. Many businesses are moving away from the base salary concept and trying to adopt the new systems such as Rewarding Employees based on performance. As such most of the time the employee performance is linked with Profitablity or sales achieved. In your opinion what are the advantages and disadvantages of rewarding employees based on performance. You can provide examples to clearly explain your thoughts. 4. Define the Myopia Problem and Discuss 2 solutions to the myopia problem?3. give an example of how job evaluation occurs in the compensationsystem.4. give a sample situation where an employee can get an incentivepay.5. give examples that will differentiate performance and longevity ascompensation bases.2. , explain what compensation components are by providingexamples.3. give an example of how job evaluation occurs in the compensationsystem.4. give a sample situation where an employee can get an incentivepay.5. give examples that will differentiate performance and longevity ascompensation bases.
- 1.explain compliance and boost employee motivation of compensation management and recommend strategies on how to achievethem.2. , explain what compensation components are by providingexamples.3. give an example of how job evaluation occurs in the compensationsystem.4. give a sample situation where an employee can get an incentivepay.5. give examples that will differentiate performance and longevity ascompensation bases.a. Explain the Bonia Company are appropriate standards and measures being used? b. Explain the Bonia Company are reward systems capable of recognizing and rewarding good performance?You work for a company that has 3 major health insurance companies; 2 vision insurance companies, and 2 dental insurance companies. There's is also 5 major pharmacy businesses willing to give you discounts if you signup with them. This is an example of which type of pay practices? a. Sills-based incentives b. Flexible (cafeteria benefits) program c. Participative Pay Decisions d. Gain-sharing Plan
- How are "Person-focused pay plans"different from "Individual incentive pay program"? "Person-focused pay plans are least preferable compared with individual incentive pay programs". Indicate whether you agree or disagree with this statement.Employee referrals are a vital source of recruitment for an organization. If the programmingdepartment of an IT company has an opening and it has asked all its employees to refer asuitable candidate. 6 employees have recommended one employee each, ie, a total of 6candidates are available to vie for that job. All these job applicants have recently earned degreesin computer sciences from universities enjoying similar reputation in the market and also nomarked difference in their CGPAs. You may call it coincidence but it happens so; that all of themare through the selection process and there is a tie in their final scores. There is only oneposition and as an HR manager you have to chose one of them. Which employee you will chosefor that slot and why?Jessica's company moved to an automated production system. As a result it has eliminated 40 jobs in the organization. This is an example of: A) downsizingB) decruitment C) recruitmentD) planned firing
- Explain the ranking method. (4 marks) Differentiate performance management and performance appraisal. (4 marks) Highlight FOUR (4) challenges of using a performance appraisal system. (8 marks) D. List FOUR (4) objectives of implementing a performance appraisal systemWrite down:1. The types of Employees' Appraisal.2. Benefits of Employees' Appraisal. Discuss each type in details of Question number 1.Critically evaluate the importance of Compensation to the achievement of selectedorganisational goals. b. Examine the link between compensation objectives and the role of compensation inattracting, motivating, and retaining a high-quality workforce in the selected organization.c. Examine the importance of salary survey in enhancing compensation system and gainingcompetitive advantage.