User Account

All Pages

Risks of a performance-based compensation system

Assignment Help HR Management
Reference no: EM131006893

You have recently been appointed as a compensation manager in your company. In line with the HR department's vision to move from a job-based to a more performance-based compensation structure, the HR Director asks you to develop a comprehensive plan where you will have to specify the followings:

1. To identify the benefits and the risks of a performance-based compensation system for the organization. Your HR Director asked you to read three scientific papers about this specific issue and come up with a good synthesis.

2. To explain the components of your new compensation system.

3. To draft an action plan for the implementation of your new system (for each stage you will identify the action, when and how it will implemented as well as the resources that you might need)

4. Prepare a short note (10 lines) to be submitted to the Board of Management where you explain how moving from a job-based to a performance-based compensation system will help your organization attract and retain key talent.

Verified Expert

Solution is prepared in MS word document, The essay “A Comprehensive Analysis of the Performance-Based Compensation System” is around 1100 words count along with “Short notes on performance-based compensation system over job-based in attracting and retaining key talents” which is around 150 words count. It includes the Title page, explanation, conclusion and references. This is verified solution and answers to all asked questions have been provided.

Reference no: EM131006893

Questions Cloud

Information concerning the company : A company included the following in its employee ("partner") handbook: "We honor confidentiality. We recognize and protect the confidentiality of any information concerning the company, its business plans, its partners [employees], new business e..
Meeting of employees to express : The president of a nonunion company called a meeting of employees to express his dissatisfac- tion regarding worker productivity and scrap rates. He also announced that breaks would be more restricted.
How rapidly the disturbed area of water is increase : If the radius of the outer ripple increases uniformly at the rate of 2 cm. per sec. determine how rapidly the disturbed area of water is increasing at the end of 10 seconds.
How can each of qualities be put into practice to improve : What are the intellectual virtues that are necessary for the development of fair-minded critical thinking skills? How can each of these qualities be put into practice to improve our thinking?
Risks of a performance-based compensation system : To draft an action plan for the implementation of your new system (for each stage you will identify the action, when and how it will implemented as well as the resources that you might need)
Which of the vertical traces are parabolas opening up : Notice that all of the vertical traces are parabolas whether these vertical traces are in the planes x = a. Which of these vertical traces are parabolas opening up and which are parabolas opening down?
Overview of cybersecurity framework : Look at the overviews of CobIT, ISO 27001, and the NIST cybersecurity framework How are they similar - How are they different? Which would you feel is more effective if you were selecting which one to use in an organization?
The differences in accounting for proceeds from the issuance : The differences in accounting for proceeds from the issuance of convertible bonds and of debt instruments with separate warrants to purchase common stock.
Determining the particular circumstance : In this particular circumstance, the director of nursing asked her to fill out the evaluation because she was not familiar with the employee. The RN was discharged after circulating a petition protesting an action of the employer. Was this RN a su..

Reviews

Write a Review

HR Management Questions & Answers

  What role did the leader play in this process

Apply what occurred within Starbucks to identify key items and steps within the process. What role did the leader play in this process? What actions were necessary by the CEO in order to make this a success

  Determine whether representative of a christian worldview

Determine whether they were representative of a Christian worldview

  What are the differences between the fmcs and the aaa

Question 1. What are the differences between the FMCS and the AAA in their methods of selection of arbitrators? What are the advantages of why some employers and unions contract the use of a permanent arbitrator? Would you use this process? Why or wh..

  Illustrate out the term poor quality what are some effects

what is poor quality? what are some effects of poor quality? how do the effects of poor quality affect an

  Describe the theories of adult learning principles

Describe the theories of adult learning principles and Compare the differences between child/adolescent and adult learning models (pedagogy and andragogy).

  Components of an international compensation program

Discuss the key components of an international compensation program. Give an example of one of these components and how it has affected a company of your choice.

  Growing your staffas a human resource consultant identify

growing your staffas a human resource consultant identify the organizations operational gap or need for the human

  Define and describe the principles of ethical leadership

Define and describe the principles of ethical leadership. Which two of the five covered in Chapter 16 do you think are the most important? Why?

  Balance of conformity and deviance

Explain why it is important for groups and teams to have a balance of conformity and deviance and a moderate level of cohesiveness

  What are the challenges in implementing global alliances

What are the challenges in implementing global alliances in competitively sensitive areas?

  Effectiveness of human resources in the organization

Analyze how managing change can influence the effectiveness of human resources in the organization. Then discuss the impact of organizational development and how it can enhance the effectiveness of organizations within their internal and external ..

  Identify compare and contrast the specific internal and

identify compare and contrast the specific internal and external selection methods used for the occupational groups

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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