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

  Compare and contrast perfect competition and monopolistic

compare and contrast perfect competition and monopolistic competition. your response should be 100-200 words. write a

  How can you graphically show an increase in labor

How can you graphically show an increase in labor supply with a perfectly elastic labor supply curve?

  Calculate the degree of operating leverage

What is DynaLinear's breakeven sales volume (in units) for converters and calculate the degree of operating leverage at a projected volume of 14,000 units and explain what the DOL means.

  What are some reasons that firms decide to export

What are some reasons that firms decide to export their products or services What does a firm need to consider when developing an export and import plan You may apply companies (The way they executing their plan) as example to support your analys..

  Characteristic of a perfectly competitive market

From the demand curve the monopolist obtains its marginal revenue curve - Discuss the efficienc y properties of the monopolist's optimal price/quantity combination.

  Some analysts have argued that best vertical market

some analysts have argued that the best vertical market situation for a firm to possess competitive advantages while

  Geographically divided markets

A monopolist sells in two geographically divided markets, the East and West. Marginal cost is constant at $50 in both markets. Demand and marginal revenue in each and every market are as follows:

  Describe the reasoning what are two techniques which you

corporations often use different costs of capital for different operating divisions. using an example calculate the

  Define consumer surplus, and gi en good

Define the term Consumer surplus, Gi en good and Income elasticity of demand using graph and equation.

  How does it relate to the formula

What is compound interest? How does it relate to the formula: X dollars today = (1 + i)tX dollars in t years? What is present value? How does it relate to the formula: X/(1 + i)t dollars today = X dollars in t years?

  What is meant by the index of openness

What is meant by the index of openness? How is it calculated? Note: use the formula provided in topic 1 in your answer (same formula is in chapter 1 of the textbook). What does it tell us about an economy

  Which province has many counties in kenya

Kenya is divided into___________ counties. Which province has many counties in Kenya.

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