QuickHelper

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About QuickHelper

Levels Tought:
Elementary,High School,College,University,PHD

Expertise:
Accounting,Applied Sciences See all
Accounting,Applied Sciences,Business & Finance,Chemistry,Engineering,Health & Medical Hide all
Teaching Since: May 2017
Last Sign in: 352 Weeks Ago, 5 Days Ago
Questions Answered: 20103
Tutorials Posted: 20155

Education

  • MBA, PHD
    Phoniex
    Jul-2007 - Jun-2012

Experience

  • Corportae Manager
    ChevronTexaco Corporation
    Feb-2009 - Nov-2016

Category > Business & Finance Posted 08 Jun 2017 My Price 9.00

Human Resource Management Introductory Paragraph

Question description

 

 

Pay for Performance, Short-term Incentives, and the Link to Compensation Strategy


PURPOSE

To assess your ability to:

  • design a compensation strategy that is linked with a pay-for-performance plan

  • identify key elements for short-term and long-term incentives for organizations

  • assess the effectiveness of monetary and non-monetary variable rewards

  • describe short-term and long-term incentive plans for individuals, teams, and for people with special skills

  • propose the essential characteristics of a pay structure for individual employees

  • select the essential elements required for establishing an organization's pay grades


ACTION ITEMS

  1. Research the concept of pay-for-performance, short-term incentive plans, and other variable pay programs and what performance evaluation methods and measures are used for individual or team performance incentives.

  2. Examine how pay-for-performance plans can be linked to the total compensation strategy and short-term incentive programs and variable pay programs of an organization.

  3. Identify factors that affect pay-for-performance plans and how pay-for-performance can be linked to monetary and non-monetary rewards for an industry of your choice 


 

 

 

Answers

QuickHelper
(10)
Status NEW Posted 08 Jun 2017 08:06 PM My Price 9.00

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