Edmonton-based engineering company

Assignment Help Business Management
Reference no: EM131407870

You have been asked by the CEO of a large Edmonton-based engineering company to explore the use of variable pay for its professional employees (i.e., engineers, technologists, accountants, field managers, project managers). The company has about 3000 employees, mostly in the professional category. The organization already has a reputation for competitive pay practices, but it would like to ensure that it remains an "employer of choice" for its long term employees, as well as for its new hires.

Variable pay has many proponents who promote the connection between good performance and higher compensation. Yet, variable pay also has many detractors, who suggest the disadvantages of this form of compensation can outweigh any benefits, and should therefore be avoided. What do you think? Should this engineering company introduce variable pay, or not? If you recommend the use of variable pay, which form(s) of variable pay would you choose and why? If you recommend against the use of variable pay, what would you suggest the organization do instead to enhance its compensation practices?

Reference no: EM131407870

Questions Cloud

Unique aspects of management : Discuss in detail the unique aspects of management in the foodservice industry. Focus on restaurants. Your answer should include specific characteristics a successful restaurant manager should have. Also discuss the challenges the restaurant indus..
A critical analysis of the film north country : ENGLISH 2950 Ethics in the Workplace: A Critical Analysis of the film North Country and Analysis: is a process of breaking down something complex into simpler elements that will make it more understandable.
What is the approximate p value for given test : Using the 0.05 level in an appropriate test, evaluate the supplier's contention. Using the appropriate statistical table, what is the approximate p-value for given test?
Calculate ii’s expected eps and standard deviation : Calculate II's expected EPS, standard deviation, and coefficient of variation for each of the following capital structures. Which capital structure do you recommend?
Edmonton-based engineering company : You have been asked by the CEO of a large Edmonton-based engineering company to explore the use of variable pay for its professional employees (i.e., engineers, technologists, accountants, field managers, project managers).
Concept of discourse community : What subjects in your discourse community particularly interest you? Are there issues you'd like to explore that are relevant to your discourse community? Could members of your discourse community benefit from your knowledge?
Hamburger restaurants are one of the most common : Product differentiation plays a roll in attracting customers with quite literally a variety of tastes. For smaller view, hamburger restaurants are one of the most common in this segment.
Which capital budgeting project(s) should it purchase : If ABB paid $20,000 in dividends last year, and it continues to follow the stable, predictable dividend policy, which capital budgeting project(s) should it purchase?
The high cost of discount culture : One of the themes of this chapter is that shopping at an outlet mall is work, not leisure. What are three ways that shopping at an outlet mall is more work than shopping at a regular mall?

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

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