Question: 1.Read the Case Study and answer both the Questions Imagine you are the VP of human resources for a Fortune 100 company. Youve spent your

1.Read the Case Study and answer both the Questions Imagine you are the VP of human resources for a Fortune 100 company. Youve spent your entire career attempting to enhance the workplace for employees to support their productive work in the organization. While you understand that bottom-line decisions often dominate many of the matters you have to address, youve worked hard to ensure that employees were treated with respect and dignity in all interactions that affected them. You aligned the hiring process to serve the strategic needs of the organization, as well as implemented an effective performance management system. You truly believe in the progress youve made in helping the organization achieve its goals. You simply couldnt imagine doing things differently. However, concern that the performance management process is becoming less effective because managers are inflating employee ratings has led 15% of all large organizations to adjust their performance management process to what is frequently called rank and yank( Rank and yank is a process in which employers rank their employees and fires those who fall below a certain ranking). Under such a system, managers are evaluated 1,2,3 or 4, with 1 being the highest rating and 4 the lowest. In many cases, managers are required to give a 4 rating to the lowest 10% of employees each year. Those individuals receiving a rating of 4 for two consecutive years are often let go from the organization. The intent (intention, purpose) behind this system is that throughout the two-year process, evaluators are to meet frequently with the four employees, counsel them and provide necessary development opportunities. Employees in organizations that employ such a performance management system often view this process as unbearable. They view the performance management process as punitive (punishable), one in which the organization is attempting to rid itself of higher-paid older workers. In at least one case, Ford Motor Company employees have filed a lawsuit to stop this practiceand prevailed (won). Ford removed the punitive nature of its evaluation systemand focused it more on counseling and performance improvement of the lowest-rated employees rather than elimination from the organization. What long-term effect does a performance management system that focuses on rank and yank have on the organization? Only time will tell.

Question : How can managers deal with expatriates compensation concerns and develop packages that motivate and reward for optimum return in terms of ROI, assignee satisfaction, and global performance success? What are the implications arising from differences in compensation approaches among different types of assignees?

NEED ANS ASAP.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!