What are the pros and cons of linking incentive pay

Assignment Help HR Management
Reference no: EM132687486

Question: With some organizations and jobs, pay is primarily wages or salaries, and with others, incentive pay is more important. For each of the following jobs, state whether you think the pay should emphasize base pay (wages and salaries) or incentive pay (bonuses, profit sharing, and so on). Give a reason for each.

- Accountant at a manufacturing company.

- A salesperson for a software company.

- A chief executive officer.

- A physician in a health clinic

What are the pros and cons of linking incentive pay to individual performance? How can organizations address the negatives?

Reference no: EM132687486

Questions Cloud

Discuss ethical obligations of employer to a job candidate : As an employer, there is an ethical obligation that must be adhered to when hiring a potential candidate. Candidates trust employers with personal information.
What price will toyota establish for the camry : Target costing - Toyota Motor Corporation uses target costing. What price will Toyota establish for the Camry for the upcoming model year
Determine the amount of desired profit from the production : Voice Com desires a profit equal to a 15% rate of return on invested assets of $600,000. Determine the amount of desired profit from the production
Chemistry energy question and answer : A copper ornament has a mass of 69.3 grams and changes from a temperature of 20.0 degrees C to 27.4 degrees C. how much heat energy did it gain?
What are the pros and cons of linking incentive pay : With some organizations and jobs, pay is primarily wages or salaries, and with others, incentive pay is more important. For each of the following jobs.
What is the equation for gibbs free energy : Explain how the equation for Gibbs Free can be used as a criterion for whether or not a chemical reaction will be spontaneous.
Determine the selling price of handbags : The selling and administrative expenses are $28,000. The management desires a profit equal to 16% of invested assets of $500,000. Determine the selling price
What medical leave options are available for co-workers : What medical leave options are available for co-workers? What about the family and friends of deceased, they are not employed by that employer but are forced.
What product markets would a city hospital want to use : In gathering data for its pay polices, what product markets would a city hospital want to use as a basis for comparison? give detail as to the specific.

Reviews

Write a Review

HR Management Questions & Answers

  Improve problem solving capabilities within organization

Types of teams as to their effectiveness that will improve problem solving capabilities within organizations.

  Influence tactics help in reducing organizations politics

Explain the different types of influence tactics that will be of a help “if adopted” in reducing the organizational politics.

  Report on citigroup''s hr service level agreement

Human Resources or Human Resource Management deals with HR Service Level Agreement. HR Service Level Agreement is an agreement made between the employer and the employee, which states that the employee would work under any client and sometimes any ti..

  A project report on hrm

Human Resource Management as the name suggests, it is a management discipline which deals with the human i.e. the workforce aspect of organizations. Need and practices of HRM are inevitable in present scenario of extreme competition where "Talent War..

  Hrp: recruitment and selection

Recruitment and Selection is the initial ladder of any Human Resource Planning process and contains an immense significance for any organisation.

  A project report on study of statutory complainces

Statutory compliance and its immense knowledge are crucial to be understood in an organization. It contains all the forms, procedures and acts applicable in a company.

  Operant conditioning and Reinforcement

Operant conditioning is a learning process where behaviour is controlled by its consequences. In this process an individual's behaviour can be modified through the use of positive or negative reinforcement.

  Effectiveness of training programs in achieving customers an

The main motive for conducting this research is to provide broad range of research of the literature and their reviews related to training and development and assisting the employees in providing customers satisfaction.

  A critical analysis of hr processes and practices in fedex c

FedEx is illustrious for its novel HR processes and practices that have greatly accounted for its success.

  Integrating culture and diversity in decision making

People in the organization are known as Google where they share common goals and have common vision.

  Impact of employee attrition on people management in organis

Talent management implies recognizing a person's inherent skills, traits, personality and offering him a matching job.

  Labour dissonance at maruti suzuki india limited: a case stu

This Case Study focuses on various issues related to Labour Unrest at Maruti Suzuki India Limited.

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