Should bank of america change its compensation strategy

Reference no: EM133393301

Assignment:

1. What is the likely result of bidding wars of this type for top brokers? Will most firms benefit? Who will be the winners and losers? What about the brokers?

2. Explain why there is such a strong relationship between pay and performance for brokers. Why isn't this true of many other jobs?

3. Should Bank of America change its compensation strategy to include more subjective assessments of performance and a greater emphasis on cross-selling? What effect might this have on its success in the bidding war for top brokers?

4. We talked about incentives and the sorting effects of pay strategies. Describe the incentive and sorting effects at Merrill Lynch and how changes to the compensation strategy might affect them.

Reference no: EM133393301

Questions Cloud

Do you feel enough to encourage diversity in the workplace : Do you feel the United States government does enough to encourage diversity in the workplace? Why, or why not? Provide examples.

How would use an integrated data approach to measure : Succession Planning Activities or Diversity, Equity, & Inclusion efforts in your organization across the employee life cycle.

Describe benefit programs that are common in us companies : Describe at least three benefit programs that are common in U.S. companies? List and explain the purpose of each set of benefit programs.

Describe the important aspects of software : How does technology affect the Principles of Human Resources Management? Identify and describe the important aspects of software.

Should bank of america change its compensation strategy : Should Bank of America change its compensation strategy to include more subjective assessments of performance and a greater emphasis on cross-selling?

Describe the steps in the strategic planning process : Outline the steps in the strategic planning process (from the initial planning to the end stage), describe any 4 of the steps.

How these changes would impact teams workplace generation : How would employees feel about a traditional office arrangement, an open office concept, telecommuting and/or hoteling (providing temporary office space)?

How does jewish covenant differ from notion of contract : How does Jewish understanding of covenant differ from the notion of "contract"? Why are Jews called the "chosen people"?

Do you agree with the decision-making style assessment : Why is it important to understand the personality and decision-making style of potential hires into an organization?

User Account

All Pages