Worksheet-11 (Discussion Questions)

Worksheet-11 (Discussion Questions) - Worksheet for MGMT...

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Worksheet for MGMT 317 (Chapter 11: Discussion Questions) 1. You have been asked to evaluate whether your organization's current pay structure makes sense in view of what competing organizations are paying. How would you determine what organizations to compare your organization with? Why might your organization's pay structure differ from those in competing organizations? What are the potential consequences of having a pay structure that is "out of line" relative to your competitors'? We would compare ourselves against our main, major competitors. Your company might be smaller or family-owned business, have different departments, or less employees, therefore your pat structure would differ from other companies. Your employees could leave and go to your competitors, if they pay more or offer better
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Unformatted text preview: benefits. 2. Top management has decided that the organization is too bureaucratic and has too many layers of jobs to compete effectively. You have been asked to suggest innovative alternatives to the traditional "jobbased" approach to employee compensation and to list the advantages and disadvantages of these new approaches. 3. Are executive pay levels unreasonable? Why or why not? Depending on the organization and what the executive does for the company, some companies do offer their executives reasonable pay. When it gets unreasonable is when executives allot themselves bonuses that are unrealistic to what their responsibilities in the company actually are....
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  • Spring '13
  • Joo
  • Management, current pay structure, executive pay levels

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