Question: Request for kamaa3070 to answer these 2 questions in Compensation BUS4043 DUE AUGUST 19,2015 Question # 1 (2) page document pleases Book Milkovich, G. T.,
Request for kamaa3070 to answer these 2 questions in Compensation BUS4043 DUE AUGUST 19,2015 Question # 1 (2) page document pleases Book Milkovich, G. T., Newman, J. M., & Gerhart, B. (2013). Compensation (11th ed.). New York, NY: McGraw-Hill/Irwin. ISBN: 9780078029493. Targeting Incentives Exhibit 10.11 in Chapter 10 of your text. In your text, you read about a number of incentive plans for individuals and groups or teams. The goal of this assignment is for you to think like an HR director who is responding to a work situation with a pay solution. Exhibit 10.11 (Types of Variable-Pay Plans: Advantages and Disadvantages) provides a summary chart of the types of pay plans along with their advantages and disadvantages. Start by thoroughly reviewing this table. Select one individual plan, one team plan, and one long-term incentive plan. Describe a situation in which these plans would be most appropriate. In your answers, include the type of company and type of work as well as the position or positions that would be affected by your plan. For example, if you selected a team-based plan, you may describe a department in a retail store that has a history of employees not covering for each other during the holiday rush period. You may use actual examples and reference a company as you have witnessed it or you may describe a generic situation. In your answer, include how you think your chosen incentive plan will affect behavior and achieve intended results. Your answer should be no longer than two pages. Drafting a table that compares and contrasts the scenarios as a summary is appropriate, but also requires a narrative describing the situations. QUESTION #2 IS A DISCUSSION QUESTION 2 PARA. 1PAGE DOCUMENT INCLUDE REFERENCES Ethics, Pay, and Motivation From your readings and discussions of historical approaches to pay and work, it should be clear that great efforts have been made to link performance and pay. But, from popular business news, we should also be aware that the practical link of pay to work is not always set up in an equitable environment. Favoritism, nepotism, and other human shortcomings can and do interfere with the implementation of the best plans. How to prevent those shortcomings becomes a difficult challenge for HR managers. If you were designing an incentive plan for a publicly traded company, whose voice do you think should provide that ethical audit at the table of decision makers? The chairman? The board of directors? The shareholders? The employees? The executive team or compensation committee? Outside consultants? Internal HR director? A combination of all of these? Who in your mind would be the best to ensure that the incentive plan does not cross the line and motivate the wrong kind of behaviorthe kind that turns a plan from motivating good behavior into motivating wrong-doing based on the potential for a high reward? In addition, provide at least one reference to a company you have worked for or read about where someone, motivated by the potential gain from an incentive plan, went beyond the policy and the law, breaking all the rules. Consider articles from any of the popular business magazines you read regularly or conduct a quick search for any articles that have been published currently. An easy search would include incentive pay, shareholders, and pay policy. Prepare a succinct opinion in two paragraphs or fewer and post it in this unit's discussion area. Response Guidelines Engage in a discussion with your peers about how to prevent this crossing of the line into illegal or unethical behavior