You will play as a finance officer in a company. You are going to create 3 different salary schemes for the new employees. The salary scheme should show a yearly increase of salary for 5 years to motivate workers to work hard. Make some conditions/ responsibilities for every salary scheme that you will make.
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You will play as a finance officer in a company. You are going to create 3 different salary
schemes for the new employees. The salary scheme should show a yearly increase of salary for 5 years to motivate workers to work hard. Make some conditions/ responsibilities for every salary scheme that
you will make.
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Solved in 2 steps
- 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?What does it mean when we say that the pay structure of a company should:a) support organization strategyb) support work flowc) motivate behavior maximum of 2 sentences each letter1. Orientation program is important to all newly hired employees. Explain why you agree or disagree with this statement. 2. Why is training expensive? What are the costs involved in giving a training? 3. Why should Training Need Analysis or TNA be performed before any formal training is initiated?
- 1. Determine FOUR ways to overcome the company’s problems. b) Propose TWO ethical principles for Soufian and account clerk to increase their self- development. c) Create an effective work schedule for the employees.PS Compensation a. How are individuals paid at a manufacturing & distribution company? b. What compensation methods are used at a manufacturing & distribution company? c. What methods can a manufacturing & distribution company use to motivation their sales team? and What rewards are given?11. Desire to do things Arise from your need and belief how to satisfy those needs Direction, persistence and amount of effort expended by individual to achieve specific outcome The above statement refers to: А. Motivation Environment Person analysis Identify performance В. С. D. 12. Identify any work impediments/barriers (weaknesses) The above statement refers to: Identify performance Organization analysis Operational analysis Person analysis А. В. С. D. 13. Identify individual job performance gaps The above statement refers to: Identify performance Organization analysis А. В. С. Operational analysis D. Person analysis 14. theorist, learning is relatively permanent change in behaviour. А. Behaviour Cognitive Indirect В. С. D. Direct 15. theorist, it represents change in the content, organization and storage information. А. Behaviour Cognitive Types of training Types of learning В. С. D.
- Here is a summary of the hard evidence about employee retention. Use the facts it contains to answer the question that follows. ▼ RESEARCH STUDY Employee retention is a popular topic for both managers and researchers. Here are some facts about employee turnover: • Employees who get realistic information about the job (both positives and negatives) stay with the company longer than those who don't. • Employees who are offered training and development opportunities are less likely to leave than employees who do not receive these opportunities. • Giving employees a say in how they do their work (autonomy) increases their satisfaction with the job. • Employees with abusive supervisors have a greater intention to quit than employees without abusive supervisors. Following are several actions managers commonly take when confronted with turnover. Which of these actions are not supported by evidence? Check all that apply. Separate employees so that they don't talk about the people who have left…Q3- A-You has been appointed to head a recruitment team at Sifz ltd, a locally incorporated company dealing in electronic appliances. They are currently recruiting sales representatives. Identify five compensable factors for a sales representative job? Why is it important for an HRto identify the compensable factors?e benefits that accrue when an organization has a good understanding of employee needs. Discuss the benefits that accrue when an organization has a good understanding of employee needs. Buy launch Principles of Management OER 2019 Edition OpenStax Publisher: OpenStax College ISBN: 9780998625768 star_border Solutions Chapter 14 Work Motivation For Performance Section Chapter Questions Problem 1CRQ Problem 2CRQ Problem 3CRQ Problem 4CRQ Problem 5CRQ Problem 6CRQ Problem 7CRQ Problem 8CRQ Problem 9CRQ Problem 10CRQ Problem 11CRQ Problem 12CRQ Problem 13CRQ Problem 14CRQ Problem 1CTQ Problem 2CTQ Problem 3CTQ
- 1. Poor working condition 2. Lack of career growth 3. Poor Compensation or incentives 4. Relationship with management 5. Lack of appreciation and nonflexible work options Propose RETENTION program to address the 5 (five) factors above.Q1. Define the following terms briefly; a) Profession: b) Work: c) Career: Q2. Based on your definitions of the terms above, explain your future profession, work and career with examples. Q3. Define the terms “ability” and “interest” and write at least 3 of your abilities and at least 3 of your interest.imaginary interview for business student. 1.Each one of you is about to open a new shop. It can be anything you want. Flower shop, pet shop, or an unholy body shop. 2. Your thesis is “I have to hire somebody to run the front desk” 3. Your subjects are the two other people assigned to your group of three 4. Your criteria that you will use to make your decision between the subjects are the questions you create to use in an imaginary interview. You only need three questions. Mark down their responses these will go in the “examples” sections of each body treatment paragraph.