Two HR Case Studies - Setting Wages & Incentives. See attached file for full problem description.
CASE STUDY 1
Identify at least 2 factors that Perkins and Balkin should consider when setting the wage for the purchasing agent position?
The volume of purchases that the person will be handling;
The number of years experience that he has in sports equipment purchases;
The previous salary earned by the person;
2. Identify at least 2 resources that are available for Perkins and Balkin to consult when establishing the purchasing agent's wage?
The salaries that are being paid by the competitors;
The pay slips of the candidates being interviewed;
Placement consultants who are active in the sports goods industry;
3. Suggest at least 2 advantages of a pay-for-performance policy for Performance Sports.
There is incentive for customer service representatives to gain more orders;
The pay-for-performance policy will be a great motivator for Performance Sports.
4. Suggest at least 2 disadvantages of a pay-for-performance policy for Performance Sports.
The employees may get very low salaries in months where there are relatively low sales;
The employees may not want to do work that does not directly increase sales;
5. Suggest a ...
This explanation provides you a comprehensive argument relating to Setting Wages & Incentives