Advantages-disadvantages of setting up compensation system

Assignment Help Operation Management
Reference no: EM132143280

Imagine you are the Chief of Human Resources for a global corporation with operations in three different countries. The CEO of the company wants you to come up with a new compensation plan based on the labor markets of the three (3) countries where the employees live and work, rather than basing it on the parent country’s labor market.

What are some of the biggest advantages and disadvantages of setting up a compensation system like this?

Reference no: EM132143280

Questions Cloud

Find the values of the other labeled currents : Find the values of the other labeled currents, voltages, and/or resistor values - The transistor in the circuit shown in Figure P5.27 is biased with a constant
Explain return on marketing investment : Explain return on marketing investment (ROMI), including cautions about its use.
Analysis of intrusion detection system report : This assignment builds upon the scenario introduced in LASA 1, from the organization Open Water Diving and Scuba Institute (OWDSI).
Why transference and countertransference are so common : Identify some strategies you might use to address both transference and countertransference in your work with children.
Advantages-disadvantages of setting up compensation system : What are some of the biggest advantages and disadvantages of setting up a compensation system like this?
The product positioning and differentiation strategy : Identify the unique selling features and the product positioning and differentiation strategy used by heinz ketchup company.
Was this new information for you, or were you already aware : Would it be unethical in this scenario for the counselor to go against the client's wishes to end his life? Class what are your thoughts?
Departures from generally accepted standards of reporting : Identify deficiencies in the staff accountant’s tentative report that constitute departures from the generally accepted standards of reporting.
How have these changes impacted gender expectations today : Gender roles in US society have changed dramatically since the 1950s. This assignment requires that you adapt the perspective of the gender opposite from yours.

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd