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MGMT338 U2 DB - Assignment Example

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This is because the grading of the positions is widely dependent on the employee’s educational attainment and skills similar to grading…
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Download file to see previous pages... Police detective and engineering manager are paid on base plus incentive arrangement. Here, they are compensated at 80% of the compensation plus an incentive component which offers them the chance to reward goal oriented performance (Armstrong, 2003). The benchmarking productivity is crucial for maintaining the standards of the group. Registered nurse and landscaper are paid straight salaries. Here, they are paid predetermined amount of cash annually. One of the effects of the compensation is a reduction in utilisation. The nurses and landscapers are no longer compensated for prescribing treatment and offering landscaping services respectively. Conversely, a mechanical engineer is paid on hourly basis. Here, an engineer is paid their time using hourly rates. This computes the compensation by multiplying the number of hours entered on the transaction sheet by the hourly rate. An engineer is paid depending on the number of hours (Khan, & Jain, ...Download file to see next pagesRead More
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