Wednesday, May 6, 2020

HRM 531 Week 2 Knowledge Check Essay - 1628 Words

Top of Form 1. At a comprehensive point of view, a(n) _____ includes anything an employee values and desires that an employer is able and willing to offer in exchange for employee contributions. A. competency-based pay system B. employee stock ownership plan C. organizational reward system D. merit-pay method Bottom of Form Correct :Organizational reward systems include both financial and nonfinancial rewards for employee contributions. Materials Components and Objectives of Organizational Reward Systems Top of Form 2. ___________ bridge the gap between organizational objectives and individual expectations and aspirations. A. Financial systems B. Corporate compensation systems C. Employment practices†¦show more content†¦Narrowing pay ratios between jobs or pay grades in a firm’s pay structure is A. pay secrecy B. pay compression C. pay security D. pay inequality Bottom of Form Correct :Pay compression is related to and affected by inflation. It is the narrowing of the ratios of pay between jobs or pay grades in a firms pay structure. Materials Policy Issues in Pay Planning And Administration Concept: Organization-wide Incentives Mastery 100% Questions 10 11 12 Materials on the concept: Organizationwide Incentives Team Incentives Top of Form 10. Gain sharing plans consist of all EXCEPT which of the following elements: A. An internal equity B. A philosophy of cooperation C. A financial bonus D. An involvement system Bottom of Form Correct :The philosophy of cooperation in an organization is shown by high levels of trust, two-way communication, participation, and harmonious industrial relations. The involvement system is the structure and process for improving organizational productivity using employee-staffed committees. Materials Organizationwide Incentives Top of Form 11. Which of the following is NOT another name for gain sharing? A. The Scanlon plan B. The Rucker plan C. Control-based compensation D. ImproshareBottom of Form Correct :The Scanlon, Rucker, and Improshare plans combine leadership, workforce education, and employee participation with a reward system linked to group or organization performance.Show MoreRelatedStr 581 Essay1954 Words   |  8 Pages†¢ Review the Week One Study Guide. †¢ Review the Capstone Examination Study Materials. Jul, 09 - Jul, 15 Objectives Mission, Vision, and Values 1.1 1.2 1.3 Identify major components of a strategic management process. Evaluate the organizations motivation strategy, innovation strategy, and people strategy. Explain the role of ethics and corporate responsibility in strategic planning. 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Organization Theory Challenges and Perspectives John McAuley, Joanne Duberley and Phil Johnson . This book is, to my knowledge, the most comprehensive and reliable guide to organisational theory currently available. What is needed is a text that will give a good idea of the breadth and complexity of this important subject, and this is precisely what McAuley, Duberley and Johnson have provided. They have done some sterling service in bringing together the very diverse strands of work

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