Employment and Strategic Compensation

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Chapter 1 Setting the Stage for Strategic Compensation, Page 31 2. Presumably, five core job characteristics promote intrinsic compensation. Give examples of jobs that you believe rate highly on these core job characteristics. Explain your answer. Director of Daycare Facility

* Skill Variety-Knowledge of upcoming changes in the facility, upcoming health and safety issues regarding children, knowing the many different disabilities that you serve as a daycare and how to handle them. * Task Identity- Knowing when and how to make the right decision on a child when an incident occurs, is a problem solver when teachers run out of ideas on handling children, and enforces all company rules for all staff members. * Task Significance- Making an impact on staff members and making them feel appreciated and that they are doing a good job, maintain the facility to the best of their ability, and enhance a warm and welcoming place for children to come. * Autonomy- As a Director you have to hire and fire people that are not fitting the job description, you need to handle disciplinary action when needed and follow the guidebook, and approve and disapprove of budget decisions and pay increases/decreases. * Feedback-Being available for feedback from employees and being responsible for performance evaluations every year, being able to give employees feedback on their jobs and how to better improve themselves as an employee.

3. Identify two companies. One that you believe pursues a lowest-cost strategy. Another that pursues a differentiation strategy. Relying on personal knowledge, company annual reports, /or articles in newspapers and business periodicals, discuss these companies’ competitive strategies. * Lowest-Cost Strategy-Aldi’s: They offer the same type of food as many other grocery stores just at low reasonable costs. They offer food, toys, and household items. Simplicity, consistency and responsibility have always been our three defining core values. As...
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