Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask HR Management Expert

Part 1:

Discussion Questions

1. Tomax Corporation has 400 employees and wishes to develop a compensation policy to correspond to its dynamic business strategy. The company wishes to employ a high quality workforce capable of responding to a competitive business environment. Suggest different compensation objectives to match Tomax's business goals.

3. What is job evaluation? Explain the differences between the major job evaluation systems, noting the advantages and disadvantages of each.

4. Describe the basic steps in conducting a wage and salary survey. What are some factors to consider?

6. What is a compensation scorecard and how does it help align a company's strategy with its compensation system?

Case Study 2

1. Why is it important for pay to be externally fair?

2. Why is it important for pay to be internally fair?

3. What should Costa Vida's compensation strategy look like? Hint: what are the company objectives and how can employee pay help to achieve those objectives?

4. What should the pay structure look like? What pay mix would you recommend?

5. How should Nathan communicate a new compensation strategy to his franchisee owners and managers?

6. What effect will paying higher wages have on Costa Vida in the short term? What effect will it have in the long term? Explain.

Part 2

Discussion Questions

1. Working individually or in groups, identify the factors for a successful incentive plan.

2. Contrast the differences between straight piecework, differential piece rate, and standard hour plans. Explain where each plan might best be used.

3. A frequently heard complaint about merit raises is that they do little to increase employee effort. What are the causes of this belief? Suggest ways in which the motivating value of merit raises may be increased.

4. Because of competitive forces within your industry, you have decided to implement a profit sharing plan for your employees. Discuss the advantages of profit sharing and identify specific characteristics that will ensure success for your plan.

Case Study 1

1. Are CEOs and key corporate executives worth the large pay packages they receive? Explain.

2. Do you agree with Peter Drucker that corporate executives should receive compensation packages no larger than a certain percentage of the pay of hourly workers? Explain.

3. Will the Dodd-Frank Wall Street Reform and Consumer Protection Act giving shareholders the right to vote on executive pay influence the size of these packages in the future? Explain.

Case Study 2

1. Do results from the survey illustrate typical complaints about teams and specifically about team incentive rewards? Explain.

2. If appropriate, what changes would you recommend to improve the incentive reward program? Be specific.

3. Would management have benefited from employee involvement in the initial design and implementation of the program? Explain.

HR Management, Management Studies

  • Category:- HR Management
  • Reference No.:- M91949052
  • Price:- $40

Priced at Now at $40, Verified Solution

Have any Question?


Related Questions in HR Management

Question identify what type of performance

Question: Identify what type of performance management/appraisal method is represented in the following sample. What does the research/journal literature say about this type of performance management/appraisal method? Is ...

Health care and human resources legislation presentation

Health Care and Human Resources Legislation Presentation Select a piece of legislation or regulation (passed within the past 3 years) that directly affects an organization from the human resources aspect (e.g., Americans ...

1 list 2- 3 strategies that your organization has

1. List 2- 3 strategies that your organization has successfully executed in your opinion. 2. Describe some of the leadership behaviors that you observed during the time in which these strategies were executed.

Question in organizations today the emphasis is on

Question: In organizations today, the emphasis is on performance and the contribution of a function to the success of that organization. Senior managers demand evidence of effectiveness and efficiency. They need objectiv ...

Part adevelop a procedure for identifying people for

Part A Develop a procedure for identifying people for inclusion in an anticipated layoff. This must use some process other than straight institutional seniority. Next, defend this model and explain why you believe it to ...

Question seth smith wants to create a new position in his

Question: Seth Smith wants to create a new position in his organization and hire a Vice-President of Operations as soon as the Board of Directors approves recommendations made by the HR Department. This position would be ...

Question 1 what is the relationship between planning and

Question: 1) What is the relationship between planning and control? Give an example. The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format. Instructions: Your ...

1 you are an entrepreneur who is starting their own

1. You are an entrepreneur who is starting their own business. Devise a short “business” plan which describes your product, and your first year of operations. Your goal is to break even within your first year, how much o ...

Question the process of creating a logic model allows a

Question: The process of creating a logic model allows a program planner to carefully think through the resources available, activities implemented, and short-, intermediate-, and long-term outcomes that a program hopes ...

Work motivation assignment -details of assignment

Work Motivation Assignment - Details of Assignment - Introduction - Call-centres are a ubiquitous part of modern life. Whenever we have problems with our mobile and computer devices, travel plans, credit payments or onli ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As