Answer to the Question - Do You Think It Is a Good Idea on...

Managing Human Capital Assignment Teacher: Rejendra Kumar Student: Anderson Olascoaga Zavaleta ID student: 0704IBIB0409 Date: 17/09/2010 ------------------------------------------------- Question a. Do you think it is a good idea on the part of any management to award employees with merit issues? Why or why not? Discuss and debate. What factors should management consider in your opinion? Substantiate with many relevant organizational examples (Discussion on how to motivate employees at the workplace should be seen as it has become a challenge for employers today. Some Employers do give ESOP, Profit sharing, Scanlon plan, Annual Bonus, Gain sharing and Merit plans. Give relevant examples).†¦show more content†¦An employee earns the wage for the standard unit of time for finishing the task regardless the actual time needed. (Patten, 1977) Bonuses Bonus is not part of employee’s base pay and is a one-time payments. Overall, It is less expensive to the company than other pay increases, in reason that they do not become part of employee’s base wages. Bonuses also are employed to reward contributions of new ideas, get professional certifications or developing new skills. When the performance by both the employee and the company are good, bonuses increase. When both are bad bonuses decrease. When a year was good for the company and an employee has done a not satisfactory performance, the majority of employers base the employee’s bonus on individual performance. (Mathis and Jackson 1999) Example 01 ABB Peru, give an annual bonus to the employees according to their base pay if the performance of the company in the year was good and the whole company reached all of its important year’s goals. In this way all the company are involve to have success in their own task and frequently help each other and they are able to participate in different issues to improve the company. Merit pay A merit pay program connects an increase in base salary to how successfully an employee performs his or her job. (Bohlander and Snell 2010) Lump sum merit pay Under this type of plan,Show MoreRelatedChapter 1 ....Introduction to Organizational Behavior8028 Words   |  33 Pagespart I: Chapter 1 ....Introduction to Organizational Behavior Introduction [chapter.1] Introduction to Organizational Behavior After reading this chapter, you should be able to †¢ Deï ¬ ne organizational behavior and give three reasons for studying this subject. †¢ Discuss the potential beneï ¬ ts and challenges of an increasingly diverse workforce. 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