Question: I need solution for the attached question J L Suppose you are the HR manager of Anexta Inc. You have decided to reward your employees
I need solution for the attached question

J L Suppose you are the HR manager of Anexta Inc. You have decided to reward your employees through variable pay programs. As a method you have chosen merit based pay just to promote individual performance. Following table shows the merit award determination metrix. A s c o E F G 1 Employee performance rating Company performance rating 2 Outstanding Excellent GoodMarginal Unacceptable 3 Outstanding 1.00 0.90 0.8 0.7 0.00 4 Excellent 0.90 0.3 0.7 0.6 0.00 5 Good 0.80 0.7 0.6 0.5 0.00 6 Marginal 0.70 0.5 0.7 0.6 0.0 ? Unacceptable - - - - - 3 1a a) Determine the dollar value of an employe award who had a basic salary of BDT 20,000 and a maximum incentive award of 7%. Assume that both the company and employee have 'excellent 'performance. b) What ifthe company had 'good' performance and the employees has 'Marginal
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
