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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