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Choose the option below that reflects the correct missing words in the above paragraph: 1 a = vicious b = increases c = positive d = decreases e = larger f = weaken Pay for performance
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24 2 a = vicious b = declines c = negative d = increases e = larger f = reinforce 3 a = virtuous b = declines c = positive d = decreases e = smaller f = weaken 4 a = virtuous b = increases c = negative d = increases e = smaller f = reinforce 17 Employees judge the equity (fairness) of their pay by making multiple comparisons. Employees are therefore comparing: (a) jobs different from theirs (b) jobs similar to theirs (c) their jobs with others at the same employer (d) their jobs with similar jobs at different employers (e) their job’s pay against internal pay levels (f) their job’s pay against external pay levels The correct alternative is: 1 a, b, and c 2 b, c, and f 3 d, e, and f 4 b, and f 18 The pay structure can also be influenced by how it is linked with other HR systems in the organisation. The importance of a fit between pay and other HR systems is illustrated in “high performance” systems, and generally include three features: (a) high/skill knowledge requirements (b) low/skill knowledge requirements (c) autocratic work design where employees cannot make any decisions (d) work designed so that employee teams enjoy discretion in making decisions and continue to learn (e) pay systems based on performance (f) pay systems based on individual performance The correct alternative is: 1 a, b, and c 2 b, c, and d 3 d, e, and f 4 a, d, and e
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25 MNH306K/101 19 Compensation systems can be tailored to three general business strategies , namely innovator, cost cutter’s efficiency-focused strategy and customer focused business strategy . Choose the correct alternative by matching the correct strategy with the required HR program alignment and compensation systems. 1 Strategy Characteristic of strategy HR program alignment Compensation systems Innovator Focuses on efficiency Does more with less Value of job and skills based on customer contact Cost cutter Increases customer expectation Committed to agile, risk-taking, innovative people Increases variable pay Customer focused Increases product complexity and shorten product life cycle Delights customer, exceeds expectations Market-based pay 2 Strategy Characteristic of strategy HR program alignment Compensation systems Innovator Increases product complexity and shorten product life cycle Delights customer, exceeds expectations Market-based pay Cost cutter Increases customer expectation Does more with less Value of jobs and skills based on customer contact Customer focused Focuses on efficiency Committed to agile, risk-taking, innovative people Increases variable pay 3 Strategy Characteristic of strategy HR program alignment Compensation systems Innovator Increases customer expectation Committed to agile, risk-taking, innovative people Increases variable pay Cost cutter Increases product complexity and shorten product life cycle Delights customer, exceeds expectations Market-based pay Customer focused Focuses on efficiency
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