Q: Some companies have introduced “business literacy” programs on the assumption
Some companies have introduced “business literacy” programs on the assumption that pay-for-performance programs will only work if employees are aware of what brings money into the firm. Most employees...
See AnswerQ: An insurance company compensates its work teams by awarding an annual bonus
An insurance company compensates its work teams by awarding an annual bonus based on three factors: productivity, customer satisfaction, and quality of work. In one of its teams, four members came up...
See AnswerQ: In 2002, Ford announced some of the details concerning the firing
In 2002, Ford announced some of the details concerning the firing of former CEO Jacques A. Nasser, which followed a $5.4 billion loss during his last year in the job (Mullaney & Darnell, 2002). In add...
See AnswerQ: How much consideration should the organization give to the psychological health of
How much consideration should the organization give to the psychological health of its employees when designing a pay-for-performance system?
See AnswerQ: Do you think it is ethical for a company to give its
Do you think it is ethical for a company to give its CEO and its other top executive’s multimillion-dollar pay packages that are not closely tied to the company's performance?
See AnswerQ: One observer argues that external equity should always be the primary concern
One observer argues that external equity should always be the primary concern in compensation, noting that it attracts the best employees and prevents the top performers from leaving. Do you agree?
See AnswerQ: Working individually or in groups, develop an incentive plan for the
Working individually or in groups, develop an incentive plan for the following positions: chemical engineer, plant manager, used-car salesperson. What factors did you have to consider in reaching your...
See AnswerQ: A state university system in the southeast recently instituted a "Teacher
A state university system in the southeast recently instituted a "Teacher Incentive Program" (TIP) for its faculty. Basically, faculty committees within each university’s college were told to award $5...
See AnswerQ: Most large employers provide some sort of retirement fund for their employees
Most large employers provide some sort of retirement fund for their employees. Do you think that companies are ethically bound to offer this benefit? Does the financial condition or size of the firm (...
See AnswerQ: One way for companies to lower their workers' compensation costs is to
One way for companies to lower their workers' compensation costs is to move from a state with a high workers' compensation tax rate to one with a lower rate. Is this a legitimate reason for moving a b...
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