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April 2022 Examination
Q1. Describe what compensation is
and give at least three examples of core compensate practices followed in
organizations. (10 Marks)
Answer 1.
Introduction
Repayment can be described
as the systematic technique carried out by way of any employer towards its
employees inside the manner of presenting some financial fee in alternate for
the work they're doing for the organization. There are numerous methods via which
any employee of an organization can reap this repayment, including task
performance, job delight, and recruitment support. Numerous different matters
may be defined further, like how the compensation is used and the kinds
Q2.
Explain how internally consistent compensation systems and competitive strategy
relate to each other. Explain the basic building blocks of compensation system.
(10 Marks)
Answer 2.
Introduction
The internally consistent compensation structures can
help achieve competitiveness inside an organization's market. These two
techniques are related to every different, and many companies have carried out
those strategies simultaneously and have excellent results similarly. There are
many basic building blocks or repayment systems included, which might be
mentioned in the next part of this answer. Within the internally regular
repayment device, it gives fairness, which can be similarly defined as the cost
earned through funding. The companies need constant inner
Q3. As the Office Manager at Custom Carpet
Cleaning, Bob Huffman must handle a wide range of responsibilities. As the
company has grown to over fifty employees, the human resource management practices
of the company have become a more significant part of his role. Bob has had
little formal education or training in human resources management, but works
hard to ensure that the company manages its’ staff effectively. With a new
fiscal year approaching, Bob is examining many aspects of the company’s budget.
As he reviewed the payroll budget, he noted some wide variations in pay rates
of the carpet cleaners across the company’s seven locations. He also noted that
some of the pay rates seemed to be higher than what the competition pays. Pay
rates and pay increases are determined at each location by the local supervisor
and as a result, there is not consistency in the company’s pay practices. Some
of the pay differences may be justified. Different locations work on different
types of assignments and the jobs the carpet cleaners do may be different. For
example, some locations work primarily at residential clients. Cleaners at
these locations work directly with the clients and need strong sales and
customer service skills in addition to carpet cleaning skills. Whereas
locations that work primarily on commercial property have very little client
contact, but they face tougher cleaning challenges and must have stronger
technical skills. However, Bob does not have a good understanding of which
locations have which kinds of responsibilities. He has done some research
online and believes that a good starting point for examining the company’s
compensation practice would be to conduct a job analysis and create written job
descriptions. Based on what he learned through his research, he has decided to
create a questionnaire to complete the job analysis process and he will ask one
cleaner from each location to complete it. The questionnaire asks the employee
to explain the tasks they complete and how they complete them. It also asks the
employee to describe any equipment used. Bob plans to use the information
collected in the questionnaires to create written job descriptions. Once he has
the job descriptions complete, he will use them to help determine if internal
pay rates are consistent and if the company is paying competitively in the
market.
a. Which
job evaluation technique do you think Bob should use when he gets to that step?
Why? (5 Marks)
b. Make
a final recommendation. What should Bob's approach be (market meet, market lag,
market lead)? (5 Marks)
Answer
3a.
Introduction
Task evaluation strategies may be explained as the
manner this is used by organizations to make sure that the exceptional work
that is being finished is up to the standard. The primary problem inside the
bob situation is that many employees are not centrally dealt with, and raises
are given
Answer 3b.
Introduction
The final recommendation needs to be furnished by BOB
desires to make sure that there are techniques required to be made certain that
the suggestion that the technique is with marketplace lag. This procedure helps
ensure that there's proper cash flow and that there is the right business
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