In a traditional reward system: All employees are paid the same regardless of position or performance Employees are paid based on performance regardless of position Employees are paid based on position regardless of performance Employees are paid based on an equation involving both performance and position
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All employees are paid the same regardless of position or performance
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Employees are paid based on performance regardless of position
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Employees are paid based on position regardless of performance
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Employees are paid based on an equation involving both performance and position
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- Identify appropriate total rewards strategies to increase employee retention, and explain how these strategies support the goals of the organizationAs 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 benefitsYou 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.
- Why are employee benefits sometimes referred to as "indirect compensation"?What are employee benefits? Explain how they are a major part of the compensation package. Review a current compensation package and determine if it is adequate and fair given the tasks needed in the job.Give at least three (3) examples of internal and external factors to consider when developing a rewarding compensation plan and identify the advantage and disadvantage of each factor
- Which of the following three factors affects an employee's motivation? a. Attitude, interests and needs b. Attitude, interests and salary c. Attitude, interests and working conditions d. Attitude, needs and salaryIdentify the important reasons why designing and implementing employee reward systems is one of the most complex HRM activitiesTwo 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.
- Assume that an Uber driver refuses to take advantage of an incentive the company is offering because they believe that no matter how many rides provided, they will not be able to meet the incentive requirements. What element of expectancy theory is involved here? Multiple Choice valence instrumentality reinforcement expectancy equityWhen, if ever, is an employee justified in blowing the whistle? What do you see as the most important factors that he or she needs to consider in deciding whether to blow the whistle?Employee retention for talented and potential employees is critical for organizational performance. Choose at least two (2) theories of reward management and explain its application in retain employees