Two HR Case Studies - Setting Wages & Incentives. See attached file for full problem description.© BrainMass Inc. brainmass.com October 16, 2018, 7:42 pm ad1c9bdddf
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
Research Compensation and Incentive Plans
You are the Director of Compensation and Benefits for Lansing-Smith Corporation, a 6-month old sales and service organization that currently has a workforce of 150 employees. You recently joined the organization when the Vice President of Operations decided to move the Compensation and Benefits function out of the Accounting Department, into a separate function. From your own observations you have identified several areas in need of review, redesign or development, including projects such as an audit of current pay plans to ensure they are aligned with federal regulations, an analysis of various pay plans to assess which plans will provide maximum benefit for Lansing-Smith, extensive job analyses to ensure a solid understanding of each position, job evaluations to determine the worth of the positions, consideration of various incentive plan designs to identify a plan that effectively drives individual and group performance to achieve production goals and research, development, communication and management training for a company-wide performance appraisal process.
You are dedicated to developing compensation and benefit practices that are motivating and empowering for employees. You are confident that with well-developed programs and practices, employees will be motivated to perform at higher levels, thereby driving overall company performance.
Task needing assistance:
Your niece is interning for a state representative in Washington, D.C. She has become very interested in employment-related legislation. Knowing that this area relates to your specialty, she asks for your real business-world perspective on the following.
First, in order to apply concepts related to The Equal Pay Act of 1963, download and read the following article
The Case for Equal Pay (http://stage.aflcio.org:4664/issuespolitics/women/equalpay/CaseForEqualPay.cfm).
1. Your niece asks, "Do you feel that the current Equal Pay Act regulations are sufficient, or is additional legislation necessary? Why or why not?"View Full Posting Details