TAILIEUCHUNG - Lecture Managing human resources (6/e): Chapter 11 - Wayne Cascio

Chapter 11 - Pay and incentive systems. In this chapter, the following content will be discussed: Challenges of the “trust gap”, three major changes in pay philosophy, three forms of equity, internal equity, external equity, individual equity, strategic compensation, four important laws that affect pay,. | Chapter 11 Pay and Incentive Systems Challenges of the “Trust Gap” How do perceptions of unfairness develop? What are some of the predictable consequences of the “trust gap”? What are some strategies for reducing the “trust gap”? Three Major Changes in Pay Philosophy Willingness to reduce the size of a workforce and to restrict pay Less concern with pay position relative to competitors, and more concern with what the company can afford Implementation of programs to encourage and reward performance – thereby making pay more variable Three Forms of Equity Internal Equity External Equity Individual Equity Internal Equity In terms of the relative worth of individual jobs to an organization, are pay rates fair? Determined through the process of job evaluation – that is, assigning a value (., points) to each job, and developing a rank order of jobs based on their relative worth to the firm External Equity Wages are determined based on market value (“going rates”) Determined through pay .

• Quản trị kinh doanh
• Managing human resources
• Lecture Managing human resources
• Human resources
• Managing people
• Incentive systems
• Internal equity
• Quality staff
• Human resources policies
• Human resources policy
• Procedures activities
• Planning training programs
• Human resources terms
• Diversity at work
• Managing diversity
• Managing careers
• Family focused company
• Financial impact
• Human resource management activities
• Employee on boarding
• Orientation programs
• Evaluating training programs
• Delivering training programs
• Employee recruitment
• Compensation programs
• Compensation management
• Performance management
• Performance appraisal
• Employee health
• Employee safety
• Critical issues
• Unionization process
• Evolving hospitality organizations
• Organizational change
• Competitive business environment
• Competitive strategies
• Legal context
• Employment decisions