Question: 1. Explain the basic determinants of pay rates based on your required text. 2. Explain the following terms: piecework, broadbanding, cafeteria plan, gainsharing, job ranking,
1. Explain the basic determinants of pay rates based on your required text. 2. Explain the following terms: piecework, broadbanding, cafeteria plan, gainsharing, job ranking, merit pay 3. Describe three options of compensating salespersons. Assess one advantage and one disadvantage of each method described. 4. List and explain four (4) non-financial and recognition-based awards that may be used by organization. Give example of a mobile app or technological application that can support one of the four. 5. Who proposed a two-factor theory that exprains how motivator factors relate to satisfaction and hygiene factors relate to dissatisfaction? Explain your understanding of the theory as it relates to compensation. 6. Use a table to classify two incentive programmes appropriate for individual, team or organization-wide plans. 7. Explain how can incentives be used to improve employee engagement. 8. Explain the four types of equity: external, internal individual and procedural. 1. Explain the basic determinants of pay rates based on your required text. 2. Explain the following terms: piecework, broadbanding, cafeteria plan, gainsharing, job ranking, merit pay 3. Describe three options of compensating salespersons. Assess one advantage and one disadvantage of each method described. 4. List and explain four (4) non-financial and recognition-based awards that may be used by organization. Give example of a mobile app or technological application that can support one of the four. 5. Who proposed a two-factor theory that exprains how motivator factors relate to satisfaction and hygiene factors relate to dissatisfaction? Explain your understanding of the theory as it relates to compensation. 6. Use a table to classify two incentive programmes appropriate for individual, team or organization-wide plans. 7. Explain how can incentives be used to improve employee engagement. 8. Explain the four types of equity: external, internal individual and procedural