Research a company or organization for which you would like to work focusing on its current base of employee pay. Determine if a person-focused pay system would benefit the company you researched. Provide specific examples to support your response.
Analyze the advantages to employees and to employers of a person-focused pay program to determine if this would be a good approach for all companies and organizations in the U.S. to pursue. Explain your rationale.
Pay scales over the years has been defined and decided based on the qualifications, experience and knowledge of the position and job requirements. However pays that are centered on the person, and knowledge of the individual is referred to as person-focused pay. This kind of pay rewards individuals for improving and acquiring new skills or knowledge (Stertz-Follett, 2012). The company I choose is HP. The company deals with a varied range of services and solutions. Here the crux of the business is skills and knowledge. Hence focusing on a ...
Detailed discussion of person-focused pay is provided. Complete rationale is presented.