Do you think that a company can use the same reward system (for example, bonuses or promotions) in every foreign country or they need to use different reward systems? Why?
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Do you think that a company can use the same reward system (for example, bonuses or promotions) in every foreign country or they need to use different reward systems? Why?
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- Suppose a client comes to you with a story about being discriminated against. She asks you if she should quit her job, or wait until she gets fıred. Tell her the pros and cons of each option. Be sure to explain both options, not just one.Why do you need a diagnostic framework to help you decide which intrinsic rewards need boosting and how to boost the rewards?What is the importance of analyzing competition within an industry to better appeal to potential candidates. How can an organization use incentives to ensure it appeals to the employees it wants to hire?
- How can a company ensure that it is hiring the right people for the job?Discuss which of the three approaches to internal reward alignment your organization, or an organization you’re familiar with, uses to determine job valuation.Do you think that method is the most effective? How might the job valuation in this company differ if a different method was used?Employee retention for talented and potential employees is critical for organizational performance. Choose at least two (2) theories of reward management and explain its application in retain employees
- Identify appropriate total rewards strategies to increase employee retention, and explain how these strategies support the goals of the organizationExplain through examples the features of a well-designed Reward SchemeWe've discussed Total Rewards approach to attracting and retaining employees. Assume that you are an External Consultant and were hired to evaluate a small business start-up (or business of interest to you) on how they should structure their Total Rewards program. Based on what you have learned about legally required vs. strategic (voluntary) rewards and provide an initial proposal for what this organization needs to do to be compliant with the law and reasonably attract workers.You must identify the jobs/nature of the work for which you are hiring and seeking to base compensation decisions upon. You must state whether they would be low vs. highly skilled workers and define the work to be performed in preparing your proposal . In your response, you should be able to provide an overall plan with recommendations (e.g., You don't have to state what the wages would be but you should be able to recommend to an employer how they could determine it - minimum wage, premium above minimum wage,…