Why should compensation systems be equitable

Reference no: EM132088681

Question: Working individually, students should complete the "Critical Thinking" questions. This assignment is designed to incorporate the three unifying concepts of this course. These are

1) a "Human Capital" point of views. vs. a traditional Personnel Management point of view;

2) decision making that is driven by Metrics and Analytics vs. emotional appeals; and

3) PARTNERSHIPS between Line Leaders and HR Specialists vs. separate disjointed functional responsibilities held by each.

Each paper should be a minimum of 3 - 4 pages and comprehensively incorporate ALL of the questions in the assignment, as well as the associated readings included. APA formatted and verified in TurnitIN.

Critical Thinking

1. Does money motivate employees? Why or why not?

2. Why should compensation systems be equitable? How can an organization design an equitable compensation system?

3. Compare and contrast the four job evaluation methods. Give an example of an organization in which each of the four methods might provide an optimal strategic fit.

4. Discuss the pros and cons of employee pay being fixed versus variable and dependent on performance. How might such decisions impact recruiting, motivation, and retention?

5. Analyze your current job responsibilities. Determine whether the method by which you are compensated is appropriate.

6. Is performance-based pay effective? Why or why not? How can performance-based pay systems be better designed to ensure optimal results?

Reference no: EM132088681

Questions Cloud

Write a brief paragraph or two in support of it : Pick ONE of these aspects of Critical Thinking and, keeping in mind what you have learnt in this course, write a brief paragraph or two in support of it.

Write a brief response to the letter : Write a brief response to the letter (of about 1-2 paragraphs) in which you assess the merits of the author's argument. Make sure you explain whether.

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What did you learn from the posting : Conduct research to identify techniques for maintaining participant interest in training. List a minimum of three specific techniques not found.

Why should compensation systems be equitable : Does money motivate employees? Why or why not? Why should compensation systems be equitable? How can an organization design an equitable compensation system?

What can a firm do to reduce the occurrence of such problems : Research suggests many expatriate employees encounter problems that limit both their effectiveness in foreign assignments and their contributions to the firm.

Describe the evaluation process in detail : Describe the evaluation process you will be implementing to determine the effectiveness of your change? Describe in detail an example of how you will share.

Explain what virtual communication channel was used : Explain what virtual communication channel was used to deliver the message, and appropriateness, given the environment and purpose.

What actions would you take to remove the weaknesses : Choose a restaurant with which you are familiar and use the section headings outlined in Chapter 6 ("The Restaurant Business," "Developing a Restaurant," etc.)

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