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Briefly describe the five factors in the

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Briefly describe the five factors in the organisation’s business strategy that contribute to its success. Use examples from the case study to illustrate the discussion. (20)
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MNH306-K/101 27 2 With broader salary bands, will salaries not rise greatly as employees move to the top of their respective bands? Substantiate your answer by discussing the advantages and disadvantages of broad banding. (12) 3 Differentiate between gain sharing and profit sharing as incentive systems. Explain what Denis Spry should do to ensure that the results sharing programme will continue to motivate both managers and non-management employees. (18) Total [50] Assessmen criteria You must do the following to complete this assignment successfully: carefully study the relevant study units concentrate on the first step in compiling a total compensation strategy identify and comprehensively discuss the five factors that contribute to business success substantiate the discussion with examples from the case study comprehensively define the term “broadbanding” explain the advantages and disadvantages of broadbanding give a “yes” or “no” answer and substantiate your answer with a logical discussion of the facts the answer must be logical briefly discuss the components of the resuts-sharing programme discussed in the case study compare profit sharing and gainsharing clearly indicate the differences between profit sharing and gain sharing explain the steps in designing a gainsharing plan ASSIGNMENT 03 This assignment must NOT be sent to the University. Assignments 03 and 04 are the same for both semesters. Read the following paragraph and then answer the questions. WHAT’S THE USE OF NEGOTIATION IF YOU’RE GOING TO PAY US LESS? A medium-sized business specialising in the manufacturing and distribution of corrugated cardboard gift boxes and storage containers has just completed wage negotiations with the union representatives of their staff. The wages settled upon are: A basic salary of R 30 000,00 per annum, excluding a 13 th cheque. A 13 th cheque equivalent to one month’s salary payable pro rata in the birthday month. A pension fund - 8% of annual salary, half to be contributed by the employee, half by the employer. A hospital insurance fund - 10% of annual salary, half to be contributed by the employee, half by the employer. An across-the-board increase of 8%, effective from the following month. In addition to this, a 2% salary increase for staff who have worked at the company for longer than three years. This is the first time the employer has been involved in union negotiations; until now, the workplace was not unionised. The employees are dissatisfied with this settlement, because the pension and medical aid deductions will leave them with less money in hand at the end of each month. They are also dissatisfied with the across-the- board increase because, in the past, increases were linked to performance and the better performers used to get higher increases. Instead of the 13
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Briefly describe the five factors in the organisations...

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