Answer The following questions ****Use terms, evidence, and concepts from class readings, including professional business language.
**Cite credible, academic or professional sources for this assignment, Format your paper according to APA format
4. Critics of profit-sharing plans maintain that these plans do not motivate employees to perform at higher levels. Under what conditions are profit sharing plans not likely to motivate employees?
Discuss how employers can use profit sharing plans to promote the “Ownership Mindset “within an organization. Discuss some of the reason profit-sharing plans may not motivate employees. Also, discuss why profit-sharing plans may fails to deliver its promised result. Identify at least two companies that currently offer profit-sharing plans; discuss their experiences.
5. Person-focused pay plans are least preferable compared with individual incentive pay programs. Do you agree or disagree with this statement? Detail your arguments to support your position.
Keep in mind that the objective of pay plans are to act an incentive to achieve organizational goal. Teams should 1st compare and contrast pay plans and individual incentive pay programs. Discussion should address the advantages and disadvantages of each program. Look at the question from both the employee and employer perspective.
Address the relationship between pay and performance, and are compatible with the individualistic culture in the United States.
6. What are some differences between job analysis and job evaluation. How do these practices help establish internally consistent job structures?
Discuss what are Internally consistent compensation systems. Define and explain the importance of job analysis and job evaluation. Contrast job analysis and job evaluation.
Both are needed to help establish internally consistent job structures as they assist compensation professionals in their pay-setting decisions by quantifying the key similarities and differences between jobs.
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