Compensation and Benefit Unit 5 Assessment
PLEASE USE APA FORMAT FOR ALL CITATIONS
Milkovich, G. T., Newman, J. M., & Gerhart, B. (2014). Compensation (11th ed.). New York, NY: McGraw-Hill/Irwin
1. Many would argue that if an employee receives a decent salary, he or she will be satisfied and remain with the organization. What are your thoughts on this statement? Does compensation motivate behavior? Do people join a firm because of pay? Do people stay in a firm or leave a firm because of pay? Do employees agree to develop job skills because of pay? Do employees perform better on their jobs because of pay? Provide examples to support your answer.Your response should be at least 300 words in length
2. We discussed in depth about four ways to improve performance ratings. Discuss in detail these four strategies. Identify the one that you think shows the most promise and defend your position.Your response should be at least 300 words in length.
3. Employee benefits have become very important to many employees. When benefits are cut, employees can become disgruntled and feel cheated. Many employees do not realize or understand the difference between the benefits required and miscellaneous benefits. Identify and explain in detail those benefits that are mandated/required for employers to offer employees.Your response should be at least 300 words in length.
4. Identify and discuss key issues in benefit planning, design, and administration. Be certain to discuss the four major administrative issues that arise on setting up a benefit package.Your response should be at least 300 words in length.