26. Jules received a salary increase based on her individual performance as a Fashion Manager over the past year. Which type of compensation did Jules receive? Merit pay Merit bonus Equity incentive Individual bonus
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26.
Jules received a salary increase based on her individual performance as a Fashion Manager over the past year. Which type of compensation did Jules receive?
Merit pay |
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Merit bonus |
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Equity incentive |
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Individual bonus |
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- Describe the key purpose of a compensation system Explain why an effective compensation system is important to most organizations. • Distinguish between extrinsic and intrinsic rewards. Distinguish between a reward system and a compensation system. • Describe the key aspects of a compensation strategy.HOME WORK CHAPTER 11- Total Rewards & Compensation (Note: It is meant for learning and not to be graded and so on, so please assist) 21. Define seniority, cost-of-living adjustments, across-the-board increases and lump-sum increases as used in compensation.x. critically analyze and discuss the myriad factors that frequently shape an organization's compensation decisions, considering both internal and external influences."
- 4 As the new Accountant, you were reviewing the payroll system of the company. You noticed that supplementary compensation is mingled with regular compensation. Which should form of regular compensation? Group of answer choices Overtime pay ranging from Php 1,000 to Php 10,000 Fixed transportation allowance of Php 50.00 per day Commission of 5% based on collections Profit-sharingQ- As an associate member of the institute of human resources, you have been invited to give a Presentation on employee benefits. Briefly outline your presentation under the following subheadings Justification for employee benefits Statutory benefits and their importance Factors considered in benefit planning d)Effective administration of benefitsTopic: Gross and Rook (2018) suggest that it is essential for total reward programs to acknowledge "the needs of the business, the changing environment, the aspirations and demographics of employees, the local culture, and the current and future cost constraints" (p. 350). They argue for shifting the focus from disparate pay components to a holistic total rewards approach that includes: Compensation – base pay and variable pay plans Benefits Careers Work life Given this understanding, do you believe your organizations total rewards program is appropriate and effective in attracting, retaining and engaging talent? Are there any gaps? Make some suggestions on how your organization can improve total rewards. Please comment on each of the four components listed above. If you're current not working, you can use a previous company you worked for. If you have not yet worked anywhere, you can answer these questions in general.
- HOME WORK CHAPTER 11- Total Rewards & Compensation (Note: It is not a graded question but meant for learning purposes) 4. Explain each of the legal issues/laws that pertain to compensation.Traditionally organizations have taken a one size fits all approach toward providing benefits. However, considering the diversity of today’s workforce, more organizations are modifying their compensation packages to include a variety of packages. Some of the rewards organizations can provide include: increased base pay, bonuses, shortened workweeks, extended vacations, paid sabbaticals, flexible work hours, part-time employment, guaranteed job security, increased pension contributions, college tuition reimbursement, personal days off, help in purchasing a home, recognition awards, paid club memberships, and work-from-home options. What are the positive aspects of having individualized rewards? (Think in terms of employees and managers.) What are the negative aspects of having individualized rewards? (Again think in terms of employees and managers.)What is the accounts of paid the assistants salary?
- 42- The structure of a sales compensation plan differs by business, and it is typically based on team organization, resources, and the goals. For example, one company might offer a higher basic salary, while another might prioritize commission. In this context, what conclusions can you draw on the best compensation plan that could work well for salesmen and management of the company? a. Fringe benefit b. Straight salary plan c. Commission based only d. Combined salary and incentive plan1. What are the theories of wages? Explain each theories. 2. Roles of HR in the payment of salaries. 3. Identify and differentiate the methods of wage payment.Explain briefly what are the key advantages and disadvantages of: a. Time-based pay plans? b. Incentive plans?