performing various duties that are not reflected immediately in their sales volume
Straight commission plan : a compensation plan based on percentages of sale
advantage: aggressive selling
Disadvantage: high stress, customer service after sale neglected, earning fluctuate good vs bad periods...
Ex. 2: Gov’t employees: compensation = 100% base pay, meritsystem poorly executed
Solution: align employee self-interest with the organization’s interest
If interests are aligned, then people’s inherent “selfishness” benefits the organization
We can use compensationsystems...
Merit pay increases
In contrast to bonuses, performance-based pay or merit increases are incorporated into the employee’s base pay and are usually only adjusted upward. Organizations differ in how they move employees through the performance-based pay scales. Some pay...
employee benefits includes health insurance, employee health and prevention, retirement programs and the 401(k) concept (Cascio Ch12). The compensation plan for InterClean’s new sales team will include a base salary structure, as well as, incentive-based pay and merit increases. It will also include...
A key factor when determining pay for performance in many organizations is the merit pay program. Merit raises are pay increases that employees receive from there employers based on their performance. Employers offer merit pay as an incentive for meeting or...
Dr. Jamie Brown
HRM 520 Information Systems
March 11, 2012
1. Assess the advantages and disadvantages of using a Web-basedcompensation tool verses a client-server based or stand-alone PC...
’ compensation policies that fit the imperatives of competitive advantage (Martocchio 150). When it comes to attracting and retaining qualified employees market competitive pay systems play a major part. Compensation professionals create market-competitive pay systemsbased on four activities such as...
Difference between non-merit pay and merit pay
Of the individual-based plans commonly used, merit pay is by far the most popular; its use is almost universal. 35 Merit pay consists of an increase in base pay, normally given once a year.
ADVANTAGES OF INDIVIDUAL-BASED PAY-FOR...
the advantages and
using a Web-basedcompensation tool
versus a clientserver or standalone PC-basedsystem. Partially
gave your opinion
on which system
would provide the
most value to the
three (3) facts...
Write a six to eight (6-8) page paper in which you:
Assess the advantages and disadvantages of using a Web-basedcompensation tool versus a client-server based or stand-alone PC-basedsystem and then give your opinion on which system would provide the most value to an organization’s stakeholders...
plus, straight commission with draw, base plus quota bonus), workers earn more on the basis of sales achieved within a specified time frame
MERIT Employees are rewarded for performance, as judged by their manager, with a % increase set by annual compensation policy. The % increase is based on the...
Chapter 4 Definitions
Base Pay –the portion of an individual’s compensation that is based on a unit of time worked
o Recognize and encourage important job behaviours
o shows commitment from the employer to the employee
o support certain managerial strategies
Phelan, S.E. & Lin, Z. (2011). Promotion Systems and Organization Performance: a Contingency Model. Computational and Mathematical Organization Theory, 7(3), 207-232...
a company’s compensation plan are internal and external equity. In this paper, internal and external equity is explored, including the advantages and disadvantages of both, and an explanation of how these types of plans support an organizations total compensation objective and how they relate to...
Performance reviews are an integral part of business. Employees crave feedback, whether it is positive or negative, as it provides motivation and a better understanding of the job requirements. Anniversary Date and Common Merit Date performance reviews each have advantages and disadvantages. It...
be given on the challenges that occur when creating compensations that are both internally consistent and market competitive. Also, the fairness of merit increases based upon quartiles will be discussed, the fundamental concept of insurance and how this concept applies to health care will be...
related to your topic by describing and discussing the implementation, the activities involved, advantages and disadvantages of the practices.
One of the compensation strategies used by Astro is giving out stock option to employees. Many companies use employee stock options plans to retain and...
Mendoza, Melinda Hill (1999-2012). Advantage and Disadvantages to Performance Based Pay.
Retrieved from http://www.ehow.com/info_10019584_advantage-disadvantages-
Miller, Stephen (1 Jun 2012...
Ownership Plan) is such a well defined contribution plan which benefits employees and permits them to be owners of stock in that organization. ESOP is basically an equity based deferred compensation plan. Many features of ESOP make it's unique, if it is compared to other employee benefit plans system. At...
discrimination has three key features:
1. not being based on individual merit;
2. deriving from some morally unjustified attitude; and
3. having a harmful or negative impact on the interests of those against whom it is directed.
Harmful impacts of job discrimination include, most importantly, loss of...