Question

In: Operations Management

Comment on the salary system and weakness you see in it: present some compensation issues. If...

Comment on the salary system and weakness you see in it: present some compensation issues. If you were the director, how would you handle Fred?

Solutions

Expert Solution

A weakness of the current salary system is time, performance and qualifications. I believe that performance should be taken into consideration. If someone has less experience but it performing better, I do believe they should receive more pay. Longevity in the company should be honored as well. If someone has been working in the company for years, then they should have the potential to more forward and make more, if their skills are advancing as well. If someone has higher qualifications such as education, experience, or certifications, that should also be evaluated. Also looking at the time of the evaluation, is it fair to only evaluate at a certain time of year? If evaluations are in December but someone is hired in January, is that fair? I believe that a new hire should start with a reasonable pay and earn their raise rather than start off higher than everyone else.

If I was the director, I would handle Fred by having a one-on-one conference with him discussing his future. I would listen to his concerns and assess how he feels because his emotions are important part of his wellbeing. Although he may not have the desired salary for the present, He still has to time to make the necessary changes to get what he wants for the future. In no time he will be evaluated for next year and it is possible to achieve the salary that he is desiring, but he must not compare himself to others. I will also tell him that I see issues with the current policy and we will make adjustments for the future.


Related Solutions

hi . please comment on pay-for-performance is a good compensation system, why and what types of...
hi . please comment on pay-for-performance is a good compensation system, why and what types of positions and/or companies would be good to use this method with. please use your own worlds I don't want any copy THANK you
Salary and bonus plans address the agency problem by: A. Skewing the compensation system toward top...
Salary and bonus plans address the agency problem by: A. Skewing the compensation system toward top management. B. Permitting the firm to reduce base salaries for all employees. C. Denying bonuses to employees who make mistakes. D. Paying extra compensation based on the firm's financial performance.
What are the issues with CEO compensation? Do you agree?
What are the issues with CEO compensation? Do you agree?
How do you used clinical decision support system in practice. What do you see as some...
How do you used clinical decision support system in practice. What do you see as some of the benefits and challenges with these type of system?
Describe the concept of total compensation. Do you think it is a trick to present salaried...
Describe the concept of total compensation. Do you think it is a trick to present salaried positions this way or good business form? Why or Why not?
Some of the mental health issues we see in the workplace include stress, depression, anxiety, alcoholism,...
Some of the mental health issues we see in the workplace include stress, depression, anxiety, alcoholism, and chemical dependence. What risk does one or more of these mental illnesses cause for employees?
Can you make an example of those issues as follows: A clear list of all compensation...
Can you make an example of those issues as follows: A clear list of all compensation on an annual basis (presented in a spreadsheet format). Compensation in tax, and label each item as salary, taxable fringe, non-taxable fringe.
In some developing countries, you can see modern airports, huge government buildings, and new highway system...
In some developing countries, you can see modern airports, huge government buildings, and new highway system around the capital city. However, those countries’ real GDP are still low. Would you provide the possible reason(s) to explain why the expansionary fiscal policy doesn’t work in those countries? please provide step by step explanation
Research Question what are some ethical issues present in the Sherman article titled "The specific deterrent...
Research Question what are some ethical issues present in the Sherman article titled "The specific deterrent effects for arrests for domestic assault" and How did Sherman argue that it was not a problem for the study.
In the spreadsheet "Salary Data" you see sample salaries of employees that were randomly selected from...
In the spreadsheet "Salary Data" you see sample salaries of employees that were randomly selected from two departments of a company. Assuming that the populations are distributed normally, conduct the appropriate test to determine whether the average salaries are different between these two departments (alpha = .05). Develop the hypotheses and report your conclusion. Department A Department B 51000 48000 54000 54000 53000 46000 54000 48000 47000 55000 46000 52000 54000 51000 52000 46000 50000 51000 48000 48000 48000 53000...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT