Recommended Readings
- Read the following journal articles for further insight
into this week’s topics:
- Dinkin, E. (2009, May). 5 point plan: Five
steps to developing a long- term total compensation plan. Employee
Benefit News, 23(6), 32. Retrieved from the Proquest database.
- Gupta, N., & Jenkins, G.D., Jr. (1996,
March). The politics of pay. Compensation and Benefits Review, 28(2),
23. Retrieved from the Proquest database.
- You will find a list of websites that you may find useful
under Course Materials in your online classroom.
Discussions
To participate in the following discussions, go to this week's Discussion link in the left navigation.
- Seniority and Merit Pay
Define the concept of seniority and merit pay plans, including the strengths and limitations of such plans within an organization. Discuss the job, organizational and/or other factors that should be considered when deciding between the two. Respond to at least two of your fellow students’ postings.
- Incentive Pay Plans
Discuss how incentive pay plans – both individual and group – motivate employees to achieve high levels of performance. Identify potential weaknesses of these plans and suggest steps that can be taken to make these plans highly effective. Then, choose one industry that either an individual or group incentive pay plan would work best providing support for your reasoning (using personal examples to illustrate your point if possible). Explain your answer. Respond to at least two of your fellow students’ postings.
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