Strategic Compensation Assignment Example | Topics and Well Written Essays - 500 words

Strategic Compensation - Assignment ExamplePerson-focused pay is advantageous since it controls costs and motivates employees productiveness.Employees should be rewarded according to their productivity and non according to amount of their salaries. The factors that an employee need to have in order to be entitled for rewards ar work output quality, work output quantity, work base hit records, work attendance, and monthly sales. The company in the case study need to implement the following four types of employees incentive plans. Management rewards plan that awards managers when they exceed or meet the sales, production, or profit objectives. Piecework plans that reward employees for every unity produced. Behavioral incentive plan that award employees for accomplishing specific behavior such as prophylactic records and good attendance. Person-focused pay plans will be of broad significant not only to the employees but also towards the organizations productions.This is because the p lans will motivate employees productivity as well as controlling costs that the company incurs (Gregory, 2009). Therefore, the management should not use the roles of Jane and the shift leader to determine whether they should be entitled for overtime but factors such as work output quality, work output quantity, work safety records, work attendance, and monthly sales.Job rating is defined as an objective and systematic process that organizations use to compared all jobs performed by employees to determine the worth or value of each job category. The focus of job evaluation is to evaluate the job and not the workers who undertake the job (Robinson, Wahlstrom & Mecham, 2004). The criteria used for job evaluation include factors like skills needed, education qualification, job responsibilities and working conditions. Moreover, there are four main methods that managers use to evaluate jobs in their organizations.Job ranking-This method of job evaluation involves ranking all jobs done i n an organization in an order of