Give typing answer with explanation and conclusion Alex is facing the difficult task of considering revamping the compensation system.Currently what types of equity issues does the company seem to have within theircurrent compensation system? Please choose the most appropriate answer.There are only external equity issues.There are only internal equity issues.There are both internal equity and external equity compensation issues.

The compensation system includes total rewards which are given to the employee of an organization. A…

Answered: Alex is facing the difficult task of…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Develop an overall compensation plan for a small business. Instructions Read 2G Robotic Case Study.Links to an external site. Complete study questions: Describe and assess the advantages and disadvantages of the direct compensation/pay system at 2G Robotics. Also, the benefits (i.e., dental) provided by the company. What are the benefits and dangers of implementing a stock option plan or an employee trust (i.e., something that gives employees a stake in the company)? What are some of the non-financial rewards that are available to employees who work at this company? How important are pay and benefits, including an employee trust, versus non-financial rewards in motivating employees at 2G? What do you think should be the company's general approach to compensating employees in pay, including an employee trust, and benefits? Should Gillman try to improve pay levels? Why or why not and in what specific ways? Do you think 2G should use a more formal pay system? Why? What changes would you…
When you begin interviewing as you approach graduation, you will need to analyze job offers that include a number of financial and nonfinancial elements. Whichof these aspects of employment are your top three priorities: a good base wage, bonus or commission opportunities, profit-sharing potential, rapid advancement opportunities, flexible work arrangements, goodhealth-care insurance coverage, or a strong retirementprogram? Which of these elements would you be willingto forgo in order to get your top three?
One reason employers might offer a particular employee benefit is to aid in recruiting certain types of workers. One example is a tuition reimbursement program to attract highly motivated employees. What other example of benefits are you familiar with that might be used to attract a particular type of employee? What types of employees are most attracted to these benefits?
What are the two types of bonus pools for bonus incentive plans? How do they differ, and how doeseach achieve (or not achieve) the three objectives of management compensation?
true or false 1. To be fair, the pay differential between succeeding positions should be the same as you go up the pay structure. 2. Cost-of-living allowances are based on performance 3. Cash compensation is transactional while relational is psychological. 4. As long as a compensation plan is ethical, legally compliant and fair, it does not need to be efficient. 5. An incentive pay received in Year 2020 of P25,000 is expected to be received in Year 2021 also. 6. When you create more levels for a position, it will provide an employee a psychological feeling of promotion and mobility within an organization.
why Marissa Mayer was chosen as C.E.O. of Yahoo and b) Marissa Mayer's current employment status. Did Ms. Mayer successfully contribute as the C.E.O. of Yahoo or was she vastly overpaid?
Under what set of conditions is external recruitment recommended? As potential recruit who will probably be looking for a job after graduation, what general approach and method or methods of recruiting do you think would be most effective in attracting you? It is not always necessary to fill up a position when it becomes vacant. Explain alternatives to recruiting After your college graduation, you will probably enter the work force. What are the implications of job analysis for you?
What are the disadvantages in terms of costs that a company could expect when changing the merit pay program?
Many compensation professionals are faced with making choices about which discretionary benefits to drop because funds are limited and the costs of these benefits continually increase. Assume you make such choices. Rank order (at least five) discretionary benefits from the ones you would most likely eliminate to the ones you would least likely eliminate. Explain your rationale. Do such factors as the demographic composition of the workforce of the company matter? Explain
A company’s compensation and rewards strategy is most effective when it remains in line with the organization’s overall business strategy and maximizes talent management. While human resources departments must strive to attract and retain the best workers for each position, the incentives needed to engage those workers must be balanced with the costs to the company. For this assignment, research compensation strategies, and consider general compensation programs for the position you identified in previous module assignments. Describe the base pay range and major incentives that are included in your benefits package and respond to the following: What types of rewards, both tangible and intangible, can be used to recognize and incentivize an employee in this position? Does your program include stock options, profit sharing, an employee stock ownership plan (ESOP), healthcare, etc.? Are your specified options provided for employees of all levels or just for certain positions? How…
If a company's board of directors wants management to maximize shareholders' wealth, should the CEO's compensation be set as a fixed amount or should the compensation depend on how well the firm performs? If it is based on the performance, how should performance be measured?
Incentive Contracts (a) What are the 18 dimensions/questions in the World Management Survey used to describe management practices. (b) Pick 4 of the 18 questions and for each describe how the questions either relates to an idea from incentive theory/contract theory or highlights something missing from incentive/contract theory. (c) Briey discuss how the practical issues identied by the 18 questions in the World Management Survey related to transaction cost theory.

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