Response in a 210 words each:
1. You may deal with employees who work for various business and companies from time to time. Do you feel that an employee's compensation plan affects how he or she behaves to one another and to his or her customers? Why or why not? If the compensation plan does indeed affect behavior, how can the plan be improved?
2. Explain why it is important for an organization's pay model to coincide with its strategic plan. Describe methods a company can employ to make sure this occurs
3. A typical structure within colleges is instructor, assistant professor, associate professor, and full professor. What type of pay structure would this be classified as, egalitarian or hierarchical? What added information would you need to decide? What behavior by the faculty do you believe the structure influences? Is it aligned or difficult to copy? Does it add value? Why or why not?
4. You are a supervisor in a company that is a low payer relative to your competitors. What are some things that you can do to increase the likelihood that workers will feel fairly treated? Do you feel that doing these things will improve the manner in which the workers treat internal and external customers? Why or why not?
Reference:
Milkovich, G. T., Newman, J. M., & Gerhart, B. (2014). Compensation (11th ed.). New York, NY: McGraw-Hill/Irwin.