Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Operation Management Expert

The most effective compensation strategy is one that develops a clear link between the following components: Job Description (i.e., work that an employee is expected to perform). Performance Evaluation (i.e., work that the employee has performed). External Salary Survey and Internal Salary Comparison (i.e., pay provided to each employee). Examine the interrelationship between these three components by describing the purpose of each component and how it affects the others. Then explain how all three components would be used to determine the compensation for an employee. Your examination should include a salary evaluation for a position you are familiar with (Administrative Assistant, Human Resource Manager, Maintenance Worker, etc). The salary evaluation should give results for each of the three components and detail how pay is finally determined for this position based on the three components. Example of the salary evaluation portion of your analysis: Purchasing Manager. Primary functions from the Job Description: To plan, direct, and coordinate the activities of buyers, purchasing officers, and related workers involved in purchasing materials, products and services. Organizational performance evaluation system: Outstanding – 6% Increase Exceeds expectations – 4% Increase Meets expectations – 2% Increase Does not meet expectations – No Increase External Salary Survey: (salary survey, which you can typically obtain online) Monthly salary range at $4,300 - $5,200. Internal Salary Comparison: (the relationship of this position to similar positions in your organization) Position is similar to Accounting Manager, and should be paid within the same monthly salary range of $4,400 - $4,900. Submit your analysis in a two- to three-page paper formatted to proper APA 6th Edition specifications. Include a minimum of two scholarly references to support your analysis

Operation Management, Management Studies

  • Category:- Operation Management
  • Reference No.:- M91645485

Have any Question?


Related Questions in Operation Management

Topic stages of strategic managementselect a publicly held

Topic: Stages of Strategic Management Select a publicly held company that interests you. Visit the company's corporate website to learn how it engages in strategic management. Keep in mind that larger, more formal compan ...

Assignment compare amp contrast group project report using

ASSIGNMENT : COMPARE & CONTRAST GROUP PROJECT REPORT Using the concepts and theories covered in the course, compare and contrast the management and leadership styles, processes, methods, etc. of the following three organ ...

1 annabel operates a local hardware store that she

1. Annabel operates a local hardware store that she inherited from her parents. When she took? over, she updated the? point-of-sale equipment and installed a customer database. Annabel is? 2. What are the most significan ...

Information presented on january 25 2013 during an ongoing

Information presented on January 25, 2013, during an ongoing trial, revealed that executives from health care conglomerate Johnson & Johnson had known about a critical design flaw with an artificial hip but decided to co ...

Evaluating supply chain integration literaturereview the

Evaluating Supply Chain Integration Literature Review the Leuschner article, which is a meta study of research on the relationship of supply chain integration and firm performance. Identify the underlying theoretical fra ...

Bankruptcy processdefine the bankruptcy process and then

Bankruptcy Process Define the Bankruptcy Process and then discuss its advantages and disadvantages. Write 6 double spaced pages excluding the title and the reference pages. Submission Instructions: The paper is to be cle ...

Case tesla motors disrupting the auto industrygrant robert

CASE : Tesla Motors: Disrupting the Auto Industry Grant, Robert, M., 2016, Contemporary Strategy Analysis, 9th Ed, John Wiley & Sons Ltd., Case Analysis Guidelines Case Questions: What is the strategy of Tesla Motors? Ho ...

Develop a use case diagram for the narrativeresearch is a

Develop a Use Case diagram for the narrative. Research is a part of the university. Several funding agencies publish call for research proposals (CFP) that are targeted towards academics to apply for grants. To manage th ...

Using ccpm and the project network from question 1 to

Using CCPM and the project network from question 1 to complete and answer the questions below: a) Correctly layout the project network that should be used to help determine the Critical Chain TO SCALE and WITHOUT inserti ...

1 in your own words define strategy what is strategy so

1. In your own words, define strategy. What is strategy so important to any company? 2. What is McDonald's Organization structure? 3. Identify and briefly describe some of the restraining forces that impede growth of glo ...

  • 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