Merit Pay Grids
The author of this brief report has been asked to react to the statement "merit pay grids have the potential to undermine employee motivation." The author will use outside sources to agree or disagree with that statement. The author of this response will also include personal analysis about the question and perhaps a bit of personal experience as well. While "pay for performance" is deemed to be one of the best (if not the best) way of paying employees, it is not a fix-all and it can come with some downsides as money is not the main or sole motivator for a lot of employees.
The author of this report would generally agree with the statement being posed but the word "undermines" is perhaps not the best word. If anything, a merit-based system that is step-based is really the best way to go. Indeed, giving the same level of pay to like employees in the same environment is less than wise unless their level of performance happens to be very similar. For example, if two people are in a position where they make widgets and they start on the same day, it stands to reason that they would normally be at...
IBM International Business Machines Corporation known as IBM is an American corporation with headquarters in Armonk, New York. The firm is a computer hardware as well as software manufacturer and marketer. It also deals in information technology infrastructure and hosting. The firm also offers consulting services in fields such as mainframe as well as nanotechnology. The firm started its operations as Computing Tabulating Recording Company (CTR) in 1911 after a
Employment Management Employees, Management and Compromise Employment and management often share the same goals but have very different perspectives on how to achieve them. The key to establishing a healthy and functional workplace is finding a compromise between these two perspectives. Working Environment: This is especially true when lives are at stake such as in the nursing home around which this discussion centers. An establishment of 88 beds and a rotating staff of roughly
At the same time, there will be increased amounts of compensation. This will ensure that all employees are treated equally by: receiving a salary that is in line with their skills. Over the short-term, this means that there will be a decrease in earnings and profit margins. However, over the long-term is when there will be an increase in productivity and earnings. The way that this will affect employees is
Savannah Engineering, Inspection and Insurance Company (SEIIC): Trends in compensation and benefits Savannah Engineering, Inspection and Insurance Company (SEIIC) is a service-based company and thus must cultivate a strong and committed performance from each and every one of its employees to thrive. However, currently its compensation and benefits programs lacks the ability to reward top performers and merely gives annual pay increases to all employees of 2-5%, regardless of the employee's level
Give profile to people in the organization who are high performers and who also use the policies to create a view that success and work-life balance can go hand in hand. Organize some social functions at times suitable for children as well as adults and specifically invite the employees' family members. Introduce awards for managers or supervisors nominated by employees for having provided an environment where both employees' work
Bny Mellon-Union Avoidance Program BNY Mellon Human Resource Management rights to avoid union program Severance of benefits and wages Monetary losses Non-availability of unemployment insurance Limited monetary benefits paid by unions Economic implications for the company Referendum on Unionization Restructuring wage structure During a union organizing drive in any organization, it is the right of company's management to convince their employees of the potential benefits that not being part of a union may have for both the company as well
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