Which of the following is NOT a characteristic of merit-based systems? Just-meaningful pay increases Based only on subjective measures Periodic performance reviews
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Please answer the following multiple choice question
1. Which of the following is NOT a characteristic of merit-based systems?
- Just-meaningful pay increases
- Based only on subjective measures
- Periodic performance reviews
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- 1. list three strengths and three weakness of the balanced scorecard approach 2. Many businesses are moving away from the base salary concept and trying to adopt the new systems such as Rewarding Employees based on performance. As such most of the time the employee performance is linked with Profitablity or sales achieved. In your opinion what are the advantages and disadvantages of rewarding employees based on performance. You can provide examples to clearly explain your thoughts.1. Decsribe nonfinancial performances and explain how they are similar to and different from financial performance measures. 2. list three strengths and three weakness of the balanced scorecard approach 3. Many businesses are moving away from the base salary concept and trying to adopt the new systems such as Rewarding Employees based on performance. As such most of the time the employee performance is linked with Profitablity or sales achieved. In your opinion what are the advantages and disadvantages of rewarding employees based on performance. You can provide examples to clearly explain your thoughts. 4. Define the Myopia Problem and Discuss 2 solutions to the myopia problem?Organizations carry out salary survey after few years to ensure that their compensation offerings are market based. What should be the components of an ideal salary survey? Discuss.
- 34) James Walker breaks down performance pay into a number of categories, describing the results and the employees covered for each. In Walker's taxonomy achievement of specific performance criteria by individual salaried front line employees is called. O Merit pay Unit incentives O Profit sharing Stock ownership Team incentivesa) The effect of employee training on employee performance b) The study of demographic characteristics of account holders c) The impact of employees work-life balance on job satisfaction Also apply any three hallmarks of scientific research on above selected research paper. All students are advised to cite the above selected paper in the end.Please answer the following: 1. What is job analysis? What legal issues the does company need to consider when it does job analysis? 2. Describe Person-focused pay plans. What are advatanges and disadvantages of Person-focused pay plans.
- How does Compensation and Benefits unit help an organization to attract more candidates to join the Company? give 5 points and each with explanation and example.Compare and contrast the following methods of job evaluation:ranking, classification, factor comparison, and point method. Which ofthese do you feel is most useful and why?A financial services firm embarks on multi-skilling all the employees in a certain line of business. What will be the impact of this on the performance metrics? A) The responsiveness and the flexibility of providing the service will increase B) The productivity will decline C)The innovation capabilities will increase D)The quality of the service offering will significantly improve
- “Job evaluation determines the worth of a job and not of a job-holder.” Critically examine this statement with relevant examples. How can a job evaluation programme be made more effective to retain and motivate employees and also enhance productivity?Describe the common selection methods. Which method or methods are the best predictors of future job performance? Which are the worst? Why?Conduct comparative research on benefit packages (as well as any other supplementary data, such as industry standards) for the below jobs. identify your comparison group(s), why you chose the comparison group(s). Evaluate the success of your benefit plans, including both quantitative and qualitative measures. Returns/Inventory Processor