Our topic is on compensatory factors in an organization: One compensable factor is experience. A second factor is complexity of duties. A third factor is mental demands. What are the effects of each of these factors on a pay scale?
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Our topic is on compensatory factors in an organization: One compensable factor is experience. A second factor is complexity of duties. A third factor is mental demands. What are the effects of each of these factors on a pay scale?
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- Business ethic Should employee job scheduling be subject to government regulation or be left to employers and employees to work it out? Discuss substantively the pros and cons of each option. Provide practical personal examples or any other examples you may have heard or read about.How are benefits designed for employees? Explain the types of benefits that are offered by employers. Should all employers have to offer benefits?In the “Pay-for Performance “ article the authors argue for differentiating among various incentives based on line of profession and industry. How do you approach this categorization and whether this works in reality or not? Does your organization exercise pay-for-performance strategy in general? Please, provide the context and justification for this.
- Why Management first must position the firm’s general pay level relative to pay levels of comparable firms?What types of occupations may be more suitable for person-focused pay? Or, explain a job that may not be suitable forOne strategy that organizations utilize in an attempt to offer an attractive benefits package to a diverse group of employees is flexibility. This could include: “cafeteria” style benefits, as well as flexible time off for both personal/sick time as well as holidays. What are pros and cons of this approach
- How does pay influence the composition of the organization’s workforce? Illustrate your response with an example.Do you support the use of job analyses? Provide a rationale for your answer and defend your position. Consistency Versus Competitiveness Which is more important, internal consistency or market competitiveness? Explain your answer. Is it possible to design a compensation plan that achieves both? Explain your answer.Answer the following questions on different pay systems 1. Discuss the Merit pay system. How does the merit pay system differ from the incentive pay system? 2. Describe the seniority pay system and explain its advantages and disadvantages.
- Compare and contrast the advantages and disadvantages of pay-for-performance and competency-based pay. What strategy would you recommend for your organization, and why?what is the reason for lowered motivation of employees in the organization in spite of taking care of all their basic requirements ?Why are pay grades and ranges necessary and what benefit do they bring to an organization?