Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Management Theories Expert

Section A

problem1)i) Briefly outline the steps involved in developing a pay structure.

ii) What are the key components of group level diagnosis? Discuss how the absence of any one of these components can impact outputs.        

problem2)i) Describe how executive compensation differs from compensation packages provided for other employees in the organization. Identify the main criticism regarding executive compensation in India today.

ii) Under what conditions are customer-centric structures appropriate? What challenges does this type of organization structure face and why?

Section B

Case Study:

The northern division of Gautam Appliances met every month to analyze its targets and the actual sales. Shravan Kumar, a jovial and friendly manager who was respected by all sales personnel headed the meeting. His suggestions and other contributions during meetings always helped sales personnel exceed their targets. He also gave the patient listening to employee problems and suggestions. During one such review meeting, one of the sales executives, Pavan Kumar, raised issue of the uniform compensation system being  implemented by management. He felt that in spite of their achieving a greater percentage of the sales than southern division, they were not being compensated suitably. The incentives being received by the employees of both regions were also the same. There were times when northern division achieved double sales of the southern division. But, the management did not recognize or acknowledge this. Pavan felt that it was demotivating for them to work hard and put in additional effort when the other division was not matching their performance, but were getting the same compensation.

Shravan described his inability to provide the solution to problem as it was an organizational issue.  He told employees that despite his suggesting to management that they adopt the performance-based variable pay system, they had not considered it. He said the management believed in standard pay system based on number of days the employees worked. Though, he assured employees that he will put forward this suggestion to the top management at the next meeting. The meeting was adjourned and sales personnel left the room in a state of hope.

After the month, when staff assembled again for review meeting, Shravan was not his usual jovial self. The employees realized that management had not reacted positively to the idea of performance-based compensation packages. Shravan tried to convince the employees that the management was looking into this issue and will resolve it as quickly as possible. Though, even two months later the sales personnel did not receive any information from management on this issue. Next two months saw the very high employee turnover rate in the northern division of Gautam Appliances. Employees who remained also did not put in their best efforts. Their sales performance came down drastically. At the monthly meetings, top management problemed Shravan about poor performance and the high employee turnover. Shravan made it clear to management that even at this stage if they did not consider rewarding employees for their performance, they will be losing a valuable employee base. He suggested that they must at least consider giving employees incentives to reward their performance. After two days, Shravan was called and asked to present his views on designing an suitable performance-based compensation system for the organization.

problems:

(a) The organization was following traditional method of compensation. What are these methods and how do they function?

(b) Shravan requested manager to provide the employees with at least incentives based on the targets being achieved. What are the different incentive schemes that could be implemented?

Management Theories, Management Studies

  • Category:- Management Theories
  • Reference No.:- M93161
  • Price:- $25

Guranteed 24 Hours Delivery, In Price:- $25

Have any Question? 


Related Questions in Management Theories

There are production facilities in battle creek cherry

There are production facilities in Battle Creek, Cherry Creek, and Dee Creek with annual capacities of 500 units, 400 units, and 600 units, respectively. The annual demands at warehouses in Worchester, Dorchester, and Ro ...

Instructionsresearch and write a brief answer to the

Instructions: Research and write a brief answer to the following question. Your response should be between 300-400 words. Your work should follow the conventions of Standard American English (correct grammar, punctuation ...

Imagine that you are pitching your hypothetical

Imagine that you are pitching your hypothetical service-based company's marketing plan to the Shark Tank Team for possible investment. Use a tablet, smartphone, laptop, desktop, or traditional video recorder to record a ...

This assessment aims to allow participants to explore and

This assessment aims to allow participants to explore and develop key capabilities in one of the three key leadership capabilities (competencies) addressed in the unit. There are three sections to this report: 1. A self- ...

Final project -you have been asked to present your proposed

Final Project - You have been asked to present your proposed health care facility to the board of directors. Based on your previous assignments, you are to put together a PowerPoint presentation of 15-20 slides with 300- ...

Comparison in organizationusing your current work

Comparison in Organization Using your current work organization (or an organization of interest) and a second organization in the same industry as the subject matter, research the elements of business, compare and contra ...

Task -read a business proposal - customer records

Task - Read: A Business Proposal - Customer Records Management Replacement System for the fictional organisation Tangle Corp. This document will be made available via the Resources section of Interact for this subject. T ...

Discussion conflict management styleafter reviewing the

Discussion Conflict Management Style After reviewing the five different types of Conflict Management Styles give an example of when you have experienced one of the styles within a group. How did it make you feel? What wa ...

Read the article below and complete a 1-2 page article

Read the article below and complete a 1-2 page article review. The article review should include the following: Summary of the article. What are the key points of the article? How does military conflict management differ ...

Write a 700- to 1050-word paper answering the following

Write a 700- to 1,050-word paper answering the following questions: What are the advantages and disadvantages of easily obtainable information? What are the advantages and disadvantages of social media? How might knowing ...

  • 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

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen