How organizations design pay systems to increase performance

Assignment Help Microeconomics
Reference no: EM131086418

Assignment

Required reading listed below

Write a 4- to 5-page, evidence-based discussion on how organizations design pay systems to increase employee (and eventually organizational) performance. Are there pay systems that have been proven to be more effective than others? If so, which ones? Are there employers (by name) to bring into your discussion as examples of successful metrics utilization to demonstrate pay system effectiveness?

This assignment is designed to draw out critical thinking skills. There aren't easy answers.

Discuss the fairness issue in the design of pay systems. Is it possible for an unfair pay system design to positively affect organizational ROI? If so, is it okay to have an unfair pay system if it helps keep the organization profitable?

In this assignment you have the opportunity to go several different ways. For example, if an organization doesn't attempt to relate employee pay to organizational performance, what types of metrics might be useful to them showing that their approach is the correct one for them? The same for the employer that designs their pay systems with the goal of improving overall company performance. Is there information you can find in the library (and otherwise) showing that there is a direct link between employee pay systems and how well the organization performs?

Base your assignment on readings from the Background readings and from other outside reading(s) that you have found useful. Reference any material cited; cite all materials referenced.

Bring in at least 5 library sources to help strengthen your discussion.

IMPORTANT: Keep in mind this Case assignment focuses on wage/salary plans only; (not on employee benefits)

Your paper should be at least 4-6 pages, (not counting cover sheet and references). Respond to the above in an integrated essay, rather than in a question-answer format. Follow APA 6th Edition guidelines.

Required readings

Boyd, N., &Gessner, B. (2013) Human resource performance metrics: methods and processes that demonstrate you care. Cross Cultural Management 20.2 (2013): 251-273.

Dean, R. S. (2005). Learning effectiveness measurement: A new approach for measuring and managing learning to achieve business results. Advances in Developing Human Resources, 7(1), 55-70. .

Krol, K. M. (2006). Repurposing metrics for HR. HR Magazine, 51(7), 64-69.

Reference no: EM131086418

Questions Cloud

Explain how roles of forensic psychology professionals : Describe the two subspecialties to which the roles belong and contribute. Explain how each role contributes to the subspecialty you selected and why.
Shares of cumulative preferred stock outstanding : Figurate Industries has 720,000 shares of cumulative preferred stock outstanding. It has passed the last three quarterly dividends of 2.80 per share and now at the end of the current quarter wishes to distribute a total of 12 million to its shareh..
Write a paper evaluating the role forensic anthropology has : Students will write a scholarly paper critically evaluating the role and impact Forensic Anthropology has on death investigations.
Calculate the level of gdp per capita in each country : Suppose that there are only two goods produced in the world: computers, which are traded internationally, and ice cream, which is not. Calculate the level of GDP per capita in each country, measured in its own currency
How organizations design pay systems to increase performance : Write a 4- to 5-page, evidence-based discussion on how organizations design pay systems to increase employee (and eventually organizational) performance.
Identify which theory you relate to most and explain why : Use Maslow's hierarchy of needs to discuss the extent to which growth needs influence personality formation. Outline the main components of person-centered theory that contribute to personality development.
Purpose of the team : In no more than one page, please describe your experience working in teams, and provide one example of your work on a team. For that example, please address: what was the purpose of the team; how did the team complete its task
Identify at least one potential research design : State the topic you selected and then write two potential research questions that could be explored on the topic you selected. Identify at least one potential research design to answer each of the research questions you wrote (you will identify a t..
Discuss critical success factors that selected company shows : Discuss critical success factors and whether or not you believe that the selected company shows evidence of success for these factors. Discuss the selected company in the context of the Theory of Constraints.

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

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