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As Accounting Supervisor, you must recommend annual salary increases for 2017. You have “fresh” performance ratings for each of your employees and have had face-to-face discussions with each. Your company’s compensation function is currently using a “performance matrix” (e.g. ratings from 1 to 5) based on several different dimensions of the job. You have a 3% merit budget to award your team as you see fit, and this is consistent with what other companies are doing locally, as well as regionally and nationally.
1. Identify some of the pros and cons of employing a forced performance ranking matrix (i.e. Grading employees 1 through 5) in managing annual merit increases. Base your answer on evidence from the book.
2. Provide sample dialog explaining the merit increase decision to a “top performer” and a “bottom performer.”
3. What can companies do to continue to attract, retain and motivate employees if they cannot provide a raise?
There’s a lady that enjoys making crafts. Another lady has admired her work and has asked her to make 100 identical items for her upcoming wedding. The craft lady has been playing around with the design and has assembled a few prototypes. She has rec..
How is foreign domestic investment confidence index useful to businesses.
Process Analysis and Charting
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The contract is worth $80 million, and Tectonics expects to make at least $50 million on the project. Has a crime under US law been committed?
While conducting stakeholders’ interviews for requirements gathering, the following should not be done
Analyze and synthesize inconsistencies between the Proctor and Gamble's strategy and its goals. Does the strategy establish a direction and set aspirations that motivate and inspire the members of the organization to achieve its goals?
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