Various types of direct compensation

Assignment Help Business Management
Reference no: EM131297016

800-1000 words. In text citations. NO plagiarism.

A strategic purpose for a well-blended compensation program, one that includes various types of direct compensation, is gaining employee commitment and productivity. One of the most effective tactics for this strategy is designing a process for linking individual achievement to organizational goals.

Prepare a report to senior leaders addressing the following:

  • Explain the concept of tying performance to organizational goals.
  • Describe the different types of individual and group-level performance measurements.
  • What are the advantages and disadvantages of individual versus group-level performance recognition?
  • Discuss the options an organization has to link individual or group monetary rewards to organizational success.
  • Develop recommendations for how to implement, monitor, and evaluate such a program.

Reference no: EM131297016

Questions Cloud

Happy beginning of an exciting life ahead : On the eve of leaving her alma mater, Stacy Engineer remembers the encouraging words of the commencement speaker. "Graduation is the happy beginning of an exciting life ahead".
How sue differentiate her services to maintain her customer : How could Sue differentiate her services to maintain her customers (mostly students) even if a new competitor enters the market?
Discuss about the article and give your views : Discuss about the article and give your views:"Late Medieval Art, Literature, and Plague".Quote a one (1) or two (2) line section that you enjoy from Petrarch, Chaucer, Boccaccio, or Christine de Pisan, and provide your reason(s) for the choice.
How degree of competition affect amount of aerobics classes : How might the degree of competition affect the amount of aerobics classes and other health club services produced at CHC? How does Sue's marketing plan affect CHC's expenses and revenue?
Various types of direct compensation : A strategic purpose for a well-blended compensation program, one that includes various types of direct compensation, is gaining employee commitment and productivity. One of the most effective tactics for this strategy is designing a process for li..
Describe the spiritual experience you had with your patient : Describe the spiritual experience you had with your patient, family member, or friend using this tool. How does this tool allow you to better meet the needs of your patient?
Explain why manufacturing firms may be more exposed : A health club differs from manufacturing firms in that it produces a service rather than products.- Explain why manufacturing firms may be more exposed to competitors that are located far away.
How the production plan is dependent on the marketing plan : Explain how the production plan is dependent on the marketing plan.- How does Sue's production plan affect CHC's expenses and revenue?
What opinions each of the women might have on role women : What opinions each of the women might have on the role the women should play in society during their lifetimes. What each of the women might think about women's current roles.

Reviews

Write a Review

Business Management Questions & Answers

  Explain how successful the experiment was

working budget is not large enough to collect data on the population of 400 schools and you can afford to only collect a sample of 80 schools. Unless the question states otherwise, conduct all analyses at the 95% confidence level (α=.05).

  Illustrate information does a selection decision-maker need

Illustrate what information does a selection decision-maker need to collect in making staffing decisions? Illustrate what are the ways in which this information can be collected.

  Member countries of regional organization

Q. 1. Describe the member countries of each regional organization? Q. 2. Define the common border of member countries (Like Pakistan has a common Border with Afghanistan, Iran, China, and India)?

  Explaining four elements of the polc model

This course has focused on the four elements of the POLC model: Plan, Organize, Lead, Control.

  Explain the realities of today''s economy

Explain the realities of today's economy and the rapid changes occurring in business technology

  Propose and justify a research method and design

Propose and Justify a Research Method and Design

  Question 1 research cases of escalation of commitment in

question 1 research cases of escalation of commitment in which more and more money was spent on losing propositions.

  Compute the p-value of the test statistic

Compute the p-value of the test statistic and discuss whether there is sufficient evidence to indicate that process 1 takes a statistically significant shorter time to manufacture the drives.

  Explain the different forms of business units

You are a semi senior member of staff at the Accounting firm called Grant Thornton You have been appointed to deal with a couple Mr and Mrs Hosey, new prospective clients who have just retired from their employment after a long service.

  Problem regarding the database design process

Data modeling is a first step in the database design process. Suppose you own a real estate agency. You want to keep track of the properties that your company is selling as well as information on your agents, etc.

  Roles in meeting these challenges and in strategizing

Who are the decision makers, i.e., the "three sources of power and authority" in a typical hospital organization and their roles in meeting these challenges and in strategizing for success?

  Describe the general function of performance management

Describe the general function of performance management systems.

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