Intrigued by this compensation philosophy, Perkins asks her assistant manager, George Balkin, to research the pros and cons of this payment strategy. Factors to consider regarding differing methods of structuring wages and compensation: An appropriate pay rate and the distribution of benefits can have a noteworthy affect on the productivity of an organization through touching the inspiration and confidence of the workforce.
Based on a marketing plan that stressed fast delivery, error-free customer service, and large discount pricing, Performance Sports grew rapidly. All these aspects of a job should be analyzed properly before determining on any specific wage structure Chapter Consequently, it is imperative for organizations to develop a suitable pay scheme which can ascertain that their employees are getting the greatest value of their efforts along with a feeling of proud.
Suggest advantages and disadvantages of a pay-for-performance policy for Performance Sports. Solution Summary The solution examines Perkins and Balkins pay decision at performance sports.
What resources are available for them to consult when establishing this wage?
Discuss the personal benefits and the steps involved in a high performance work system. In addition this case study entails us with a cognition regarding the factors and resources that is needed by the Perkins and Balkin to consider at the time of setting the wage for the new purchasing agent position.
However this thing can be achieved only by analyzing the following factors, which are essential to be considered regarding differing methods of structuring wages and compensation: Another prominent factor is a systematic, timely and well planed approach to wage structuring.
Her ultimate desire was to combine her love of sports and a strong interest in marketing to start a mail-order golf equipment business aimed specifically at beginning golfers. Since the position of purchasing agent is new, Perkins is not sure how much to pay this person.
At present the company employs sixteen people: Both complained that they felt underpaid relative to the large amount of sales revenue each generates for the company.
The factors to consider regarding differing methods of structuing wages and compensations are determined. It is explained by Adam Smith that occupational wage differs in terms of hardship, difficulty of learning the job, constancy of employment, liability of the job and chance for success or failure in the work.
Examine issues regarding equal pay as they relate to pay-for-performance compensation for one employee and hourly wages for other employees.
Benefit and Salary Structure Concepts, Would Perkins and Balkin be forced to do one or the other compensation plan or can they do both methods simultaneously? Another essential factor that needs to be determined is the requirements of training for jobs in terms of span, complexity and the determination regarding the delivery of training Chapter “Pay Decisions at Performance Sports cases study.
Case 1. Pay Decisions at Performance Sports. Page (Chapter 9 – Case Study 1) Read the Case Study entitled, “Pay Decisions at Performance Sports” on pages in Chapter 9 (Case Study 1).Then, answer all of the questions at the end of the case. Brainstorm "Mind Mapping" Method Case Study #1 Pay Decision at Performance Sports BRAINSTORM ELEMENTS copy and paste as needed and.
Pay Differential in Sports Based on Performance. issue in the sports arena.
Women are continually paid less than their male counterparts, but men experience pay differentials between each other in some mi-centre.com male dominated sports, such as hockey, baseball, and basketball, there is a variation in an individual’s salary that adversely affects the.
Pay Decisions at Performance Sports Katie Perkins’s career objective while attending Rockford State College was to obtain a degree in small business management and to start her own business after graduation. View Notes - case+study+1+HR from BUSS at Harrisburg Area Community College.
Case Study #1 Pay Decisions at Performance Sports Katie Perkins career objective while attending Rockford State50%(4).
Sports such as hockey, basketball, and baseball are pay-for performance sports, in that the players are paid what their skills are worth to the team.
The less common a desired talent is, the more money an athlete will make because of it.Download