3. give an example of how job evaluation occurs in the compensation system. 4. give a sample situation where an employee can get an incentive pay. 5. give examples that will differentiate performance and longevity as compensation bases.
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3. give an example of how job evaluation occurs in the compensation
system.
4. give a sample situation where an employee can get an incentive
pay.
5. give examples that will differentiate performance and longevity as
compensation bases.
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- 2. , explain what compensation components are by providingexamples.3. give an example of how job evaluation occurs in the compensationsystem.4. give a sample situation where an employee can get an incentivepay.5. give examples that will differentiate performance and longevity ascompensation bases.1.explain compliance and boost employee motivation of compensation management and recommend strategies on how to achievethem.2. , explain what compensation components are by providingexamples.3. give an example of how job evaluation occurs in the compensationsystem.4. give a sample situation where an employee can get an incentivepay.5. give examples that will differentiate performance and longevity ascompensation bases.1. Decsribe nonfinancial performances and explain how they are similar to and different from financial performance measures. 2. list three strengths and three weakness of the balanced scorecard approach 3. Many businesses are moving away from the base salary concept and trying to adopt the new systems such as Rewarding Employees based on performance. As such most of the time the employee performance is linked with Profitablity or sales achieved. In your opinion what are the advantages and disadvantages of rewarding employees based on performance. You can provide examples to clearly explain your thoughts. 4. Define the Myopia Problem and Discuss 2 solutions to the myopia problem?
- There is a common concern today that executive compensation in the U.S. is: Multiple Choice O O Not adequately linked to strategic performance measures. Ineffective as a performance incentive. Not properly disclosed to the IRS. Too diverse among industries. Too low for the value added.1. Describe the components of total rewards. 2. List the strategic decisions that can guide the design of compensation practices.Which performance method would you say you like the most and the one that you like the least? Please share why you chose these two. For the most effective, how it is effective in doing the following: providing fair and reliable ways of differentiating employees; targeting and rewarding those who most deserve it; setting forth a fair and cost-effective plan for compensation; and motivating and ensuring the performance of employees. For the least effective, how it interferes with the above four items.
- 1. list three strengths and three weakness of the balanced scorecard approach 2. Many businesses are moving away from the base salary concept and trying to adopt the new systems such as Rewarding Employees based on performance. As such most of the time the employee performance is linked with Profitablity or sales achieved. In your opinion what are the advantages and disadvantages of rewarding employees based on performance. You can provide examples to clearly explain your thoughts.Pay-for-performance compensation models improve employee engagement and retention by clearly tying employee or company achievement of performance goals to tangible financial rewards. 1. What are the advantages and disadvantages if pay-for-performance compensation model will be adopted by the government? 2. Which government agency will benefit from this compensation model?What are employee benefits? Explain how they are a major part of the compensation package. Review a current compensation package and determine if it is adequate and fair given the tasks needed in the job.
- Organizations carry out salary survey after few years to ensure that their compensation offerings are market based. What should be the components of an ideal salary survey? Discuss.you will develop a table on performance appraisals (PA) and how they are applied to training. In column 1, identify three different types of PAs that can be offered. In column 2, analyze how the PA can be applied to a training effort. In column 3, identify one type of training and one assessment tool for each PA that could be used to identify training success. Use bullet points in the tableDevelop a table on performance appraisals (PA) and how they are applied to training. In column 1, identify three different types of PAs that can be offered. In column 2, analyze how the PA can be applied to a training effort. In column 3, identify one type of training and one assessment tool for each PA that could be used to identify training success.