Internal equity is an important factor for compensation system success. Explain what is meant by internal equity? Why it is important? How it can be achieved? Should the job evaluation depend on an appraisal of the jobholder's performance? Why? Or Why not?

Q: Increasingly, companies are basing compensation systems on what workers know instead of the more…

A: In general terms, a compensation plan is all about the salaries and benefits that the employees…

Q: Do contingent pay plans help improve employee motivation and performance? Why or Why not?

A: Contingent pay plans refer to those type of employee benefit plans under which the incentives are…

Q: Read 3.3 Compensating Global Employees. Once you've completed the reading, imagine you have been…

A: Multinational enterprises (MNEs) frequently rely on their domestic management teams to take on…

Q: Discuss the challenges and benefits of performance appraisals as a tool for employee evaluation.

A: The employees working in an organization will be doing their task as per the job assigned to them.…

Q: How does job analysis help in establishing performance standards and expectations?

A: An organization is a structured entity designed to accomplish specific objectives through…

Q: What are the types of pay systems that have low-motivation potential but provide equal increases to…

A: Compensation refers to the monetary amount which is given to an employee for his services that he…

Q: How does bias in compensation contribute to inequality and inequity within organizations?

A: Compensation management aims to create and implement an equitable system for rewarding employees'…

Q: You just got a job as a manager with a start-up company. As a manager, you are responsible for…

A: Motivation is the process that guides and maintains work-oriented behaviors. It causes us to act.…

Q: How can the principles of positive psychology be applied in management practices to enhance employee…

A: A strengths-based approach focuses on identifying and leveraging the strengths and positive…

Q: How does pay influence the composition of the organization’s workforce?  Illustrate your response…

A: Planning for the workforce relates to the process of ensuring that an organization has current and…

Q: Why is a perception of fairness important to effective performance management?

A: In the context of performance management, fairness refers to the equitable treatment of all…

Q: Please describe at least two disadvantages of a commission plan of compensation. Please respond in…

A: Emрlоyees  аre  рrоvided  with  а  bаse  sаlаry  аnd  аre  then  раid  а  соmmissiоn  fоr  eасh…

Q: Should companies abandon traditional performance appraisal methods in favor of frequent…

A: Employees are the main resource of any organization. Managing the workforce will be a difficult task…

Q: Personally, why do you think you would be the best candidate for the human resource job in the…

A: Note: The answer has been authored in a generalized manner.Human Resource Management (HRM) refers to…

Q: professions have organizations and associations

A: A professional organization, also known as a professional association or professional body, exists…

Q: Which reward/pay systems are more acceptable to employees: stock, bonuses, or salaries? Why do you…

A: The compensation and benefits process in HRM includes processing payrolls, stocks, bonuses based on…

Q: Your company is considering implementing a 360° appraisal system where up to 10 people in the…

A: The goal of a 360-degree feedback programme is to address a variety of issues in a business,…

Q: How do these theories drive the compensation process? Should rewards be based on equity “what goes…

A: Compensation is the cash or noncash payments that an employee is awarded for the work he/she did.…