Determinant of a person satisfaction

Assignment Help HR Management
Reference no: EM133030438

Question 1

Based on the module compensation management what do you think is the role of money as a determinant of a person's satisfaction at work and with life in general? Should organizations worry about this issue? Discuss

Question 2

L.W. Skinner & Associates is a company well known for its SKIN-PRO fabric for fire retardant protective outerwear. One of SKIN-PRO's hallmarks is innovation. Rather than job titles, bosses, and organization charts, SKIN-PRO uses a team approach, with leaders, sponsors, and team members.

The goals of SKIN-PRO's compensation plan are internal fairness and external competitiveness. The company uses two approaches to achieve these goals. The first is straightforward and typically used by companies: comparing pay at their company with pay for comparable jobs at other companies. That takes care of the external competitiveness part. The company does not use Job descriptions. For the internal competitiveness the process works like this: Associates (co-workers) on the same team rank each other based on contributions to the company for the year. Team members can provide comments to support their rankings and identify strengths or areas for improvement of the associates they rank. This information is then used for determining raises.

Assess SKIN-PROs methodologies for achieving its goals of internal fairness and external competitiveness.

Reference no: EM133030438

Questions Cloud

Key provisions of legal and compliance requirements : Identify the key provisions of legal and compliance requirements that apply to the organisation. Please provide the complete solution of this problem.
Difference between a data mart and a data warehouse : Difference between a Data Mart and a Data Warehouse - Create a star form that shows your assumption of what the information model of NODAS will typically look
Determining the biggest cost in running the business : Senior managers spend considerable time planning for the efficient use of equipment, materials and money towards achieving their business objectives.
How this liability is shown in the balance sheet : The effective interest rate is 12% per year compounded annually. How this liability is shown in the Balance sheet at the end of first year (31st March, 2016)
Determinant of a person satisfaction : Based on the module compensation management what do you think is the role of money as a determinant of a person's satisfaction at work and with life in general?
Experienced communication breakdowns : Conduct an interview either online or offline with five (5) SHS students who have experienced communication breakdowns. Summarize their experiences and decide t
Case of pedro and empresas carabelitas : After several years at Empresas Carabelitas and a successful performance as an employee, Pedro has sued his company for discrimination based on sexual orientati
Retaliatory discharge and a constructive discharge : Compare and contrast the differences between a retaliatory discharge and a constructive discharge.
What is the balance of the Unearned Revenue at end of June : On June 1, Dansby's Bookkeeping Service had a beginning balance in Unearned Revenue of $2,000. What is the balance of the Unearned Revenue at end of June

Reviews

Write a Review

HR Management Questions & Answers

  Leadership of commissioner hamburg

Under the leadership of Commissioner Hamburg, FDA has streamlined the approval of drugs at an accelerated pace. What are the plans of FDA to continue the mission of helping safe and effective products reach the market in a timely fashion without p..

  Description of hrm

What are at least two contributions that HRM can make to the strategy table?

  What is a good hr plan that could be used for apple

What is a good HR plan that could be used for Apple? This HR plan would be suggestions for Apple to make an organizational shift change in their culture

  What advice would you give a small organization

What advice would you give a small organization of approximately 60 employees wanting do better job of tracking their employee information. Should they invest

  Provide environmental scanning of current conditions in

a strategic management plan is vital for the company business today. review the company scenario at the beginning of

  Organizational requirements and employee benefitsyou have

organizational requirements and employee benefitsyou have been hired as the hr manager for a marketing company forward

  Dynamics of organizational compensation

What are your thoughts on why the dynamics of organizational compensation plans are changing? How has society influenced the way we compensate employees?

  Rational decision-making process

The Rational Decision-Making Process, Bounded rationality, and Intuition are three concepts that help organizations making decision.

  What benefits are of greatest value to employees

Many organizations are concerned about the rising cost of employee benefits and question their value to the organization and to the employees.

  Organizational change and process interventioncase scenario

organizational change and process interventioncase scenario custom food and feed corporation cfampf is a major

  Human resource management

Employee development that consists of four broad categories and approaches that can be combined is: formal education, achievement, skill building, and experience. formal education, assessment, job experience, and building relationships.

  Evaluating the feasibility of your approach

You and your assigned classmate(s) have formed a human resource consulting company. You have been hired to provide training to the sales force.

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