Reference no: EM13190787

I. Tomax Corporation has 400 employees and wishes to develop a compensation policy to correspond to its dynamic business strategy, the company wishes to employ a high quality workforce capable of responding to a competitive business environment. Suggest different compensation objectives to match Thomax's business goals.

II. Managers and executives often are rewarded by their organizations for their performance and how that performance impacts the entire organizations. Firms use several forms of short-term and long-term incentives to reward their managers and executives, but do these incentives achieve the desired effects? Discuss the use of short-term and long-term incentives and express your opinion on which ones are effective and which ones are not. Defend your answers with appropriate reasoning and examples.

III. Many organizations are concerned about the rising cost of employee benefits and question their value to the organization and to the employees. 
a. In your opinion, what benefits are of greatest value to employees? To the organization? Why?
b. What can management do to increase the value to the organization of the benefits provided to employees?

IV. Analyze the social impact of pay structure on an individual's lifestyle.