Strategic Compensation Assignment Example | Topics and Well Written Essays - 500 words

Strategic Compensation - Assignment Example Person-focused pay is advantageous since it controls costs and motivates employees’ productivity. Employees should be rewarded according to their productivity and not according to amount of their salaries. The factors that an employee need to have in order to be entitled for rewards are work output quality, work output quantity, work safety records, work attendance, and monthly sales. The company in the case study need to implement the following four types of employees’ incentive plans. Management rewards plan that awards managers when they exceed or meet the sales, production, or profit objectives. Piecework plans that reward employees for every unity produced. Behavioral incentive plan that award employees for accomplishing specific behavior such as safety records and good attendance. Person-focused pay plans will be of broad significant not only to the employees but also towards the organization’s productions.This is because the plans will motivate employees’ productivity as well as controlling costs that the company incurs (Gregory, 2009). Therefore, the management should not use the roles of Jane and the shift leader to determine whether they should be entitled for overtime but factors such as work output quality, work output quantity, work safety records, work attendance, and monthly sales. Job evaluation is defined as an objective and systematic process that organizations use to compared all jobs performed by employees to determine the worth or value of each job category. The focus of job evaluation is to evaluate the job and not the workers who undertake the job (Robinson, Wahlstrom & Mecham, 2004). The criteria used for job evaluation include factors like skills needed, education qualification, job responsibilities and working conditions. Moreover, there are four main methods that managers use to evaluate jobs in their organizations. Job ranking-This method of job evaluation involves ranking all jobs done in an organization in an order of

Managerial Ethics & Social Issues Essay Example | Topics and Well Written Essays - 500 words

Managerial Ethics & Social Issues - Essay Example Management varies from organization to organization, in analyzing the case study involving the controversial conflict between the Firestone Tire Company and the Ford Car Company the managerial, ethical and social issues are brought clear into the play. The ethical and the social issues concerning management require that the management is involved in making decision when tough challenges arise and the decision should not be biased. .Both the Ford Car Company and the Firestone Tire Company had been enjoying mutual benefit not until the controversy happens. No one was ready to take the blame on the basis of damaging the reputation of the company. The National Highway Traffic Administration was tasked with the obligation of investigating why there was tire failure on the Ford Explorer Sport Utility Vehicles. It come clear that Firestone tyre had very high failure rates with threads peeling off causing the over rolling of the vehicle killing the occupant. Management of Firestone tyre Comp any could not take the blame easily sitting that the tyres were functioning well with other vehicles so the problem was the Ford SUVs. In my view both companies had to be blamed reason being they have been enjoying mutual benefit for quite a while and the problem could have been due wrong tyre size specification. Its objective of the management to ensure that product or service delivered or offered to the customer should be satisfactory incase of any problem the organization should be held responsible. In the case above Ford should be responsible to the victims while Firestone Company should be responsible to the Ford Car Company. In applying the three ethical theories in regard to manufactures responsibility; starting with the contractual theory which is more customer based, it concerns the contract between the customer and the organization. It entails the agreement that is duly signed, it requires that the customer is correctly informed about the product and incase of any problem