Advantages and disadvantages of different types of pay plans

Reference no: EM131965370 , Length: 2 pages

Instructions:

In two pages, analyze the advantages and disadvantages of different types of pay plans.

By successfully completing this assessment, you will demonstrate your proficiency in the following course competencies and assessment criteria:

Assessment

There are a range of incentive plans for individuals and groups or teams. Think like an HR director who is responding to a work situation with a pay solution. Consider different types of pay plans along with their advantages and disadvantages.

Complete the following:

1).Select one
A) .individual plan,
B). team plan, and
C).long-term incentive plan.

2).

A).Describe a situation in which each of these plans would be most appropriate,
B) Justify why it is appropriate.
C).In your descriptions, include the type of company and type of work as well as the position or positions that would be affected by your plan.

Additional Requirements:
Your assessment should be no longer than two pages. Drafting a table that compares and contrasts the scenarios as a summary is appropriate but also requires a narrative describing the situations. Be sure to use proper APA (6th edition) style and formatting.

Reference no: EM131965370

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