As the Compensation Manager for a Large Manufacturer,Tony Has Been

question 55

Multiple Choice

As the compensation manager for a large manufacturer,Tony has been asked to restructure the reward systems in his organisation.Employees have suggested,more than once,that the current reward system is rather unfair for many employees.They've suggested that there are huge variations in performance levels for each role but employees still get the same pay. If Tony wanted to address this problem,he might consider:

• A)employee share-ownership plans.
• B)piece-rate pay.
• C)profit-sharing.
• D)bonuses.

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Definitions:

Crystal Ball

A metaphor often used to represent the attempt to predict or foresee future events, typically used in the context of speculation or forecasting.

Price/Demand Elasticity

Price/Demand Elasticity is a measure of how much the quantity demanded of a good responds to a change in the price of that good, indicating the sensitivity of consumers to price changes.

Nonlinear Optimization Model

A mathematical model that seeks to minimize or maximize an objective function whose relationships are not linear.

Projected Revenue

An estimate of the amount of money that an organization anticipates earning over a specific period in the future.