1. Some argue that increases in the minimum wage may lead to pay compression. Pay rate compressionmeans that
differences between low-and high-paying jobs decrease. It occurs when the less experienced earn as much or more than experienced employees due to high starting salaries for new employees.
What problems this can cause the organization? What causes wage-rate compression? How can organizations alleviate the problem of wage-rate compression?
2. Do you think it is important to have an open compensation policy? What are the pros and cons of having such a policy? Would you want your organization to have an open policy?
3. What is the best model for rewarding employees who do well? Is is better to have merit bonuses, merit pay raises, or just recognize them for their work? How do you know the reward method actually motivates employees? Which would you prefer?
4. Team incentive plan reward team members with an incentive reward when agreed-on performance standards are met or exceeded. Do you feel this is a good compensation plan? What are some potential problems with team incentive programs? Is this a program that you would like to be part of?
Recently Asked Questions
- The concept that core competencies must be sustainable for firms to earn above average returns is well established.However, core competencies can be threatened
- There are 3 primary professional organizations supporting Supply Chain Management.Pick one of them and browse their web site for information about their
- What do you think will be some of the most important innovations in logistics over the next ten years?As you identify these large innovations,discuss how they