Explain why organizations pursuing a high-involvement management strategy may find the notion of offering indirect pay to employees somewhat problematic and at odds with the principles of high involvement?
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Explain why organizations pursuing a high-involvement management strategy may find the notion of offering indirect pay to employees somewhat problematic and at odds with the principles of high involvement?
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- Have a conversation on the role that human behavior plays in the success of an organization. Should the rules and procedures of a company's pay system be designed to encourage employees to perform in a manner that moves the business closer to achieving its purpose and goals?Are employees more likely to favor defined contribution plans over defined benefit plans? How about employers?How can organizations effectively address issues of pay compression and pay equity when promoting or transferring employees within the organization?
- How can organizations incorporate long-term incentives into their pay structures to promote employee retention and loyalty?How can equity theory explain why a person who receives a high salary might be dissatisfied with their pay?Design an executive compensation package that motivates executives to make decisions that are in the firm’s best interests.
- Are employees more likely to favor defined contribution plans over defined benefit plans? What about employers? Explain your answer.Is it true that Person-focused pay plans are least preferable compared with individual incentive pay programs?Why have many organizations begun to supplement their traditional pay systems with “pay-for-performance” plans? Of these plans, what about individual versus group incentives?
- Which component of compensation is most essential to motivate executives to lead companies toward competitive advantage? Discuss your rationale. Discuss your position on executive compensation. Is executive compensation excessive or appropriate?How do flexible work arrangements contribute to improving the work-life balance of employees?Compare and contrast the advantages and disadvantages of pay-for-performance and competency-based pay. What strategy would you recommend for your organization, and why?