Design of the incentive program at sinar mega product ltd

Assignment Help HR Management
Reference no: EM132908354

Question

Case Study; Compensation & Benefits

SITUATION 1: The Top Sales Representative Andrew was angry. "It's not fair!" he screamed. "As the boss, I should be paid more, not less, than my salespeople." "Take it easy, Andrew", pleaded Annie, Human Resource Manager for Sinar Mega Product Ltd. "We all knew that the new incentive scheme made it possible for the top sales reps to earn heaps if they exceeded their targets. And Jenette has done that. She is our top sales representative. We can't afford to lose her. If she can't earn big money, she will quit. You know that, as well as I do" "Yeah, but it still isn't fair that she earns more than me" fumed Andrew.

1. Situation Analysis

What faults/issues may exist in the design of the incentive program at Sinar Mega Product Ltd.?

2. Impact Analysis

Possible impacts towards the people involved in this situation.
Possible impact towards the company.

3. Solutions / Recommendations

Three (3) Solutions/recommendations that Annie could adopt to ensure fair and equitable compensation.

4. Point of View (POV) 

Should subordinates be able to earn more than their superiors?
do you think organizations need to introduce incentive compensation?

Reference no: EM132908354

Questions Cloud

What is the value of this levered firm : What is the value of this levered firm? Assume no cost of financial distress/bankruptcy.
Forward method of fixing interest rates : Evaluate the benefits and drawbacks from the client's point of view of the forward/forward method of fixing interest rates compared to the FRA method.
Summarize the differences of IPRS 34 with USGAAP : Summarize the differences of IPRS 34 with USGAAP? In interim reporting, do you need to make formal adjustments in the books of accounts
Calculate the earnings per share : For 2021, the average market price for a common share was $40. Calculate the earnings per share for 2021 as it should be reported to shareholders
Design of the incentive program at sinar mega product ltd : Should subordinates be able to earn more than their superiors and do you think organizations need to introduce incentive compensation
Prepare the journal entries to be recorded on December : Prepare the journal entries to be recorded on December 31, 2020. Show the amounts and accounts reported on the classified statement of financial position
Explain 2008 global financial crisis : 3. CDS provide means to insure against default risk. Explain how this derivative product contributed to the 2008 global financial crisis.
Calculate the prevention, appraisal, internal failure : Calculate the prevention, appraisal, internal failure, and external failure costs as a percentage of total quality costs (CoQ) and as a percentage of sales
Calculate the net revenue per barrel for spartacus : Spartacus Inc is a US based oil explorer and refiner. The risk manager has studied forecasts for the next financial year and has concluded that a fall in the oi

Reviews

Write a Review

HR Management Questions & Answers

  Improve problem solving capabilities within organization

Types of teams as to their effectiveness that will improve problem solving capabilities within organizations.

  Influence tactics help in reducing organizations politics

Explain the different types of influence tactics that will be of a help “if adopted” in reducing the organizational politics.

  Report on citigroup''s hr service level agreement

Human Resources or Human Resource Management deals with HR Service Level Agreement. HR Service Level Agreement is an agreement made between the employer and the employee, which states that the employee would work under any client and sometimes any ti..

  A project report on hrm

Human Resource Management as the name suggests, it is a management discipline which deals with the human i.e. the workforce aspect of organizations. Need and practices of HRM are inevitable in present scenario of extreme competition where "Talent War..

  Hrp: recruitment and selection

Recruitment and Selection is the initial ladder of any Human Resource Planning process and contains an immense significance for any organisation.

  A project report on study of statutory complainces

Statutory compliance and its immense knowledge are crucial to be understood in an organization. It contains all the forms, procedures and acts applicable in a company.

  Operant conditioning and Reinforcement

Operant conditioning is a learning process where behaviour is controlled by its consequences. In this process an individual's behaviour can be modified through the use of positive or negative reinforcement.

  Effectiveness of training programs in achieving customers an

The main motive for conducting this research is to provide broad range of research of the literature and their reviews related to training and development and assisting the employees in providing customers satisfaction.

  A critical analysis of hr processes and practices in fedex c

FedEx is illustrious for its novel HR processes and practices that have greatly accounted for its success.

  Integrating culture and diversity in decision making

People in the organization are known as Google where they share common goals and have common vision.

  Impact of employee attrition on people management in organis

Talent management implies recognizing a person's inherent skills, traits, personality and offering him a matching job.

  Labour dissonance at maruti suzuki india limited: a case stu

This Case Study focuses on various issues related to Labour Unrest at Maruti Suzuki India Limited.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd