1. Should the federal government place a ceiling on CEO compensation? Why?
2. What are some of the advantages and disadvantages of a merit-based compensation system?
3. Why is pay compression a potential problem in terms of employee morale?
4. Should employee pay amounts be kept a secret? Why?
5. What gain-sharing system do you believe is the most effective? Why?© BrainMass Inc. brainmass.com October 24, 2018, 7:04 pm ad1c9bdddf
Here are your answers:
1. The federal government should not place a ceiling on CEO compensation because our country's economy is founded upon a free market system. Once we cross that line, then we slowly creep over to a communist based system where the government places an artificial limit on what someone can earn for a living.
2. The advantage of this kind of system is that it rewards those people who truly deserve to be rewarded for their actions. The disadvantage of this system is that in some cases, merit is not always quantifiable. In those cases where merit is subjective, some people may be taken advantage of by their superiors because their superior can subjectively say that their work does not merit extra compensation.
3. Compression, simply defined is a method of identifying based pay inequities within an organization. Pay inequities exist in all public and private sector organizations and may be caused by:
Overtime, Reassignments & Transfers, Demotions, Talent Acquisitions
Compression occurs when the base pay of an employee in a job classification is lower than the pay level calculated based on length of service within the assigned salary range. It is a problem because some people may feel like they are on the receiving end of an inequity.
4. They should be kept confidential in order to minimize internal conflict within the office.
5. Gainsharing: A technique that compensates workers based on improvements in the company's productivity.
How does Gainsharing work? A Company shares ...
Human Resource Management
Describe the HR roles and responsibilities in an organization with which you are familiar. Explain how and where HR fits in your organization. Attach a copy of your organization's organizational chart, if available, to your paper. Use interviews with your HR representatives or staff persons, Web site articles, Electronic Reserve Readings (ERR) articles, and/or HR journal articles to support your paper
I have an organizational chart, but my company only has 18 employees and we have no HR department, and my last job was in the Army and we had no "HR" department in that organization either. So I have no experience with HR.View Full Posting Details