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Strategic Compensation - Assignment Example

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From the knowledge of Week 3 readings, I think employees should be paid for overtime based on person-focused pay. This is a plan that rewards employees according to skills, knowledge, and…
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Strategic Compensation
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Download file to see previous pages Person-focused pay is advantageous since it controls costs and motivates employees’ productivity.
Employees should be rewarded according to their productivity and not according to amount of their salaries. The factors that an employee need to have in order to be entitled for rewards are work output quality, work output quantity, work safety 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 safety records and good attendance. Person-focused pay plans will be of broad significant not only to the employees but also towards the organization’s productions.This is because the plans 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 evaluation 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 in an organization in an order of ...Download file to see next pagesRead More
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