reply to the students’ response and not the question in 150 words minimum and provide 1 reference. Respond to the students response as though you are talking to them, use name
question
students answer
Merit pay programs are designed for the employee’s pay increases in compensation to be determined by their job performance. Martocchio (2020) states that “for the pay increase to be considered meaningful, the employee must see the size of the increase as substantive in a relative sense as well as in an absolute sense” (p. 190). Equity theory suggests that employees must perceive the percentage increase similar to the ratio for other comparably performing people in the company which means that the best performers should be receiving the largest merit increases (Martocchio, 2020, p. 190). The employee wants to see that their percentage is equal to the performance conducted. This is important so the employee is perceiving they are being rewarded appropriately based on their performance.
Employers can manage expectations regarding merit and equity by utilizing compensation budgets to see how much money they have in the budget for employee increases which will help them to develop a system to motivate employees. Since the company only has so much money to reward the employees with, the top performers should be the ones to receive the merit pay increases through linking job with performance. Employers needs to take into account the cost-of-living increases when increasing an employee’s salary with a merit pay raise so the employee sees it as a meaningful pay increase. Some factors to keep high-level performers engaged can be for managers not to wait 12 months for an employee review to discuss merit pay increase, providing smaller but more-frequent salary increases or offer a lump-sum bonus that would be equal to a salary increase (Sammer, 2020). Sammer (2020) also suggests that managers should “engage in preparatory communications well before compensation discussions and performance reviews begin.”
References:
Martocchio, J. (2020). Strategic Compensation: A human resource management approach (10th ed.). Boston: Pearson Education.
Sammer, J. (2020). Reward Top Performers Even in Lean Times. Retrieved 22 January 2020, from https://www.shrm.org/hr-today/news/hr-magazine/pages/0914-rewards-performance-based-pay.aspx
Try it now!
How it works?
Follow these simple steps to get your paper done
Place your order
Fill in the order form and provide all details of your assignment.
Proceed with the payment
Choose the payment system that suits you most.
Receive the final file
Once your paper is ready, we will email it to you.
Our Services
Custom Writings Help is a Quality-Oriented Company in Online Writing as a result of hiring exceptional professionals to execute clients' tasks.
Essays
At Custom Writings Help,We understand the struggle of research paper writing, and that is why at Custom WritingS Help, we are all out to help you. We pride ourselves on having a team of clinical writers. The stringent and rigorous vetting process ensures that only the 'BEST' Writers are chosen for the job. We have highly qualified Ph.D. and MA writers working with us; we equally offer these experienced writers specific bonuses and incentives to make them deliver highly original, unique, and informative content at reasonably low prices.
Admissions
Thesis Writing Service
Worlwide, Many Masters Students are struggling with Thesis Completion. A thesis is likely to be the longest and most challenging piece of work a student has ever completed. However, unlike essays and other assignments, a student can pick a particular interest topic and work on their initiative. Fortunately, we are there for you. At Custom Writings Help, you are assured of an authentic, imaginative, informative, linguistically great, and advantageous thesis that adheres to all your needs. So, why continue considering different writers when you have discovered the best in the field?
Editing
Custom Papers
Not a single student can avoid writing custom papers. However, a total lack of experience, skills, and time makes it very hard to produce a superb writing piece. Therefore, if you are seeking professional help, turn to us. Our specialized and experienced writers compose a variety of model papers, including custom essays, college term papers, research papers, book reports, MBA essays, executive summaries, dissertations, Ph.D. theses, admission essays, and research proposals for college and university students at any level.
Coursework
Essay Writing
Most of the students disregard the critical principles of essay writing and compose papers below sensible guidelines. Therefore, with Custom Writings Help, one should not worry about his/her essay. Our Writers compose informative and engaging content on all complexities and topics. We write meaningful and smart essays while prioritizing all aspects that bring about a good grade, such as impeccable grammar, proper structure, zero-plagiarism, and conformance to guidelines.
Coursework
Coourse Work Writing
Don't let the seemingly never-ending onslaught of writing assignments get you down. If you are looking where to get course work assistance online, the writers at Custom Writings Help are here to assist you with all of your writing needs. We undertake to unique delivery of papers that meet the professor's requirements. The content is proofread, edited, and checked plagiarism before submission to customers. No matter how big or small your work is, we will deliver on time. Try US Now! !
Coursework
Dissertation Writing Service
High-Quality Dissertation Writing Services are rare. They require Ph.D. academicians – not easily found. However, are an exception. The years, time, and resources we have invested in the dissertation world has given us a competitive advantage over others. Choose to come to Custom Writings Help; You will find perfect Ph.D. consultants who have written hundreds of dissertations theses ready to help you. Let our dissertation-writing services help you craft your dissertation, for you are assured we will give you the results.