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DIscussion questions - Assignment Example

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Discussion Questions ABC XYZ University Think about your current job (or a recent job if you are unemployed). Are you satisfied with your current level of pay? Do you feel equitably paid within your company? Do you feel equitably paid within your profession across companies?…
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Download file to see previous pages Getting paid more than your fellow employees gives you a psychological advantage and one is made to believe that is getting treated special. But keeping in mind the tasks I had to deliver and the number of hours I was forced to work in order to meet deadlines never gave me personal satisfaction. I had friends in others companies in the same industry and they were getting paid almost as much as me but there was one major difference. The difference was that they were only responsible for accounts related work. They had a separate tax department that handled tax related works and had a storage supervisor who was responsible for checking and maintaining the stock level. So that meant I was doing task of three people all alone. Although the level of pay made things look reasonable, the level of commitment, focus and hard work always made me feel that I was being over worked and the incentive giving me was comparatively less. This feeling and heavy schedule went on forcing me to resign from work and opting for a different place. Technology has really made it easier for us to gather information on compensation; explore the Glassdoor website at http://www.glassdoor.com Click on the Companies and Reviews, then Best Places to Work feature and check out some of the company reviews and salary information, remembering that this is unsubstantiated, anonymous information. What did you find on this site? How useful do you think it is? The website contains a vast number of things related both, to the companies and the employees. The overview of the company is given along with a list of salaries being taken by employees at different positions. The average salary and the range of salaries for each department/position are given. This gives a fair idea of what starting pay should one expect and as time goes on how much raise in pay scale should be expected while staying at the company. A percentage of number successful, unsuccessful and waiting list (neutral) candidates are also given. A prospective employee may analyze his chances of getting through in the interviews. Reviews of employees is also an important aspect, as one may get to know how well a company is treating its employees and understand whether he/she can adjust to such an environment. The number of jobs and positions available along with the job description helps one to assess whether to apply for the job or not. The thing that I found most useful was the information and split in categories of how people manage to get an interview. Most prospective employees don’t know how to apply and what is the best mode of applying. Some may simply use the online portal while others may try getting a referral in a company before they even apply. They may be some individuals who go straight up to recruiting agencies and ask for their help and guidance. By analysing the information on people actually getting an interview, the possibility of managing to get an interview becomes much higher. Using Table 12.1, which two programs for recognizing employee contributions do you feel are most worthwhile from an employee motivation standpoint and why? Table 12.1 Employee Motivation Merit Pay Incentive Pay Profit Sharing Owner-Ship Gain Sharing Skill-Based Design features Payment method Changes base pay Bonus Bonus Equity Bonus Change in base pay when skill Frequency at payout Annually Weekly Semiannually or annually When stock sold Monthly or quarterly When skill or competency Performance measures Supervisor’ ...Download file to see next pagesRead More
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