CASE STUDY Financial incentives play a key role in improving employee performance, so the company manager must...

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Operations Management

CASE STUDY

Financial incentives play a key role in improvingemployee performance, so the company manager must be committed todeveloping appropriate incentive plans that will encourageemployees to be more targeted and improve their performance.Managers should also pay full attention to their employees andtheir work process. It must motivate its employees towards tasks.Financial incentives are highly effective in changing short-termbehavior but are much less effective in changing longer-termbehavior. In Australia Government is committed to assisting womenand their families to make well informed choices about work.Women’s economic participation has a positive effect on economicgrowth which is good for all Australians.

Direction: Read the below questions and answersaccordingly
a.    Managements compensation plan can motivate andretain their employees. Explain on the various compensationpolicies that has to be followed by the organization to motivatethe employees. Give examples.
b.    As Women’s economic participation has apositive effect on economic growth , point out the justifiedfactors on why the women employees get lower paid in organizationswith examples.  
c.    Do you agree the financial incentives motivatethe employees more than the non- financial incentive? Examine withreasons types of incentive that could motivate on theemployees.
d.    If an organization in Bahrain recruit acandidate from Australia, what are the factors should the managmentconsider in fixing the compensation package for the employee.
e. If the employees from Australia is being relocated, list thecurrent trends in having expatriate training for the candidate tofit with the organization work culture.

Answer & Explanation Solved by verified expert
4.5 Ratings (820 Votes)
Answer a An organisation always try to make an effective compensation plan to motivate their employees towards work Various compensation policies to motivate employees are as follow Pay salary and incentive Companies pay a mix of salary and incentive to their employees Salary given to employee for performing task that require to do job whereas incentive is given to motivate employee to meet their goal and give opportunity to increase their earning Keep incentive part simple A good compensation plan is that in which incentive part measures not more than two or four performance factors Determine what competitors are paying Another way to keep employee motivate and retained is by paying equal or more than competitor Adjust compensation plan    See Answer
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