Question? Call Us  +1 (817) 546-4770

HRPR 301 Compensation And Benefits

Academic Anxiety?

Get an original paper within hours and nail the task

156 experts online

Free Samples

HRPR 301 Compensation And Benefits

.cms-body-content table{width:100%!important;} #subhidecontent{ position: relative;
overflow-x: auto;
width: 100%;}

HRPR 301 Compensation And Benefits

0 Download2 Pages / 484 Words

Course Code: HRPR 301
University: College Of New Caledonia

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Canada

Question:
You are an employee working for Michelle Company. Would you prefer to be compensated with an Individual Performance Pay Plan or with a Group Performance Pay plan? Explain your answer. Your answer must include 2 different reasons for your choice and a complete explanation of each of those reasons. 
Answer:

Compensation and benefits: Individual pay performance plan or group performance pay plan
As an employee of Michelle Company, I would like to work on individual performance pay plan. It will help me in knowing my areas of excellence and weaknesses. I will like to get the reward for my abilities rather than relying on other abilities. It will be easy for me to compare the pay of other employees. Comparing does not mean getting demotivated rather than it means motivation. By doing this, I will develop the skills and apply new techniques for doing work in order to reach the desired goal. Individual compensation plan over the group compensation plan helps in knowing the capabilities of me. By considering this, it will assist the other embers to see the capability to do varied task in the organization. I will prefer this plan because it will clearly witness my part of contribution in the organization. Whatever the outcome is, it will reveal the correct and accurate contribution from my side. I think that group compensation ensures all the employees same in the organization. It is true that all employees have the right to treated equally but I think capable one should get the high pay in return for its performance. Similarly, this principle I would like to apply for me while working as an employee of Michelle Company. It will also help me in getting a fair pay because pay based on group must have some sort of discrimination. It will lead to better productivity in me, as the reward for my part of performance will belong to me.
Secondly, I believe that “quality is better than quantity.” I personally believe that while working a team and getting reward according to that does not reveal the capabilities of each of the employees. Besides this, individual performance plan will help me in working hard due to the tendency to work well than others work. There is a level of competition by getting pay according to the individual outcome. As per my perception, quality work can come from working individually. Individual performance plan will always motivate me to think for creative idea so that I will be recognised for that too. Besides compensation, it provides the several benefits in the organization such as status, appreciation for creative or innovative performance. Besides this, it will provide the high pay to high achievable employees. I would always like to pay for my contribution and creative that I do in the organization. Pay for my performance will help me to getting my salary a bit quicker than the group pay performance plan. It is easy to give the pay of one individual for its contribution. It will also avoid the low pay for the poor performance of other members. In this way, individual performance plan is better to earn a fair pay for working in the organization.

Free Membership to World’s Largest Sample Bank

To View this & another 50000+ free samples. Please put
your valid email id.

E-mail

Yes, alert me for offers and important updates

Submit 

Download Sample Now

Earn back the money you have spent on the downloaded sample by uploading a unique assignment/study material/research material you have. After we assess the authenticity of the uploaded content, you will get 100% money back in your wallet within 7 days.

UploadUnique Document

DocumentUnder Evaluation

Get Moneyinto Your Wallet

Total 2 pages

PAY 2 USD TO DOWNLOAD

*The content must not be available online or in our existing Database to qualify as
unique.

Cite This Work
To export a reference to this article please select a referencing stye below:

APA
MLA
Harvard
OSCOLA
Vancouver

My Assignment Help. (2021). Compensation And Benefits. Retrieved from https://myassignmenthelp.com/free-samples/hrpr-301-compensation-and-benefits/pay-performance-plan-of-michelle-company.html.

“Compensation And Benefits.” My Assignment Help, 2021, https://myassignmenthelp.com/free-samples/hrpr-301-compensation-and-benefits/pay-performance-plan-of-michelle-company.html.

My Assignment Help (2021) Compensation And Benefits [Online]. Available from: https://myassignmenthelp.com/free-samples/hrpr-301-compensation-and-benefits/pay-performance-plan-of-michelle-company.html[Accessed 18 December 2021].

My Assignment Help. ‘Compensation And Benefits’ (My Assignment Help, 2021) accessed 18 December 2021.

My Assignment Help. Compensation And Benefits [Internet]. My Assignment Help. 2021 [cited 18 December 2021]. Available from: https://myassignmenthelp.com/free-samples/hrpr-301-compensation-and-benefits/pay-performance-plan-of-michelle-company.html.

×
.close{position: absolute;right: 5px;z-index: 999;opacity: 1;color: #ff8b00;}

×

Thank you for your interest
The respective sample has been mail to your register email id

×

CONGRATS!
$20 Credited
successfully in your wallet.
* $5 to be used on order value more than $50. Valid for
only 1
month.

Account created successfully!
We have sent login details on your registered email.

User:

Password:

We have brought a unique essay typer that can help you get tool that can help you get urgent essay help in minutes. Now essays with tight deadlines would not be a problem. Our essay typer tool resources information from millions of pages and provides you help with essays on practically any essay topic, or any subjects. Even the referencing is done aptly. You just need to enter the topic in the text box of our essay typer and get an instant essays just by randmly pressing any button on the keyboard. Use the tool now.

Latest Management Samples

div#loaddata .card img {max-width: 100%;
}

MPM755 Building Success In Commerce
Download :
0 | Pages :
9

Course Code: MPM755
University: Deakin University

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Answers:
Introduction
The process of developing a successful business entity requires a multidimensional analysis of several factors that relate to the internal and external environment in commerce. The areas covered in this current unit are essential in transforming the business perspective regarding the key commerce factors such as ethics, technology, culture, entrepreneurship, leadership, culture, and globalization (Nzelibe, 1996; Barza, 2…
Read
More

SNM660 Evidence Based Practice
Download :
0 | Pages :
8

Course Code: SNM660
University: The University Of Sheffield

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: United Kingdom

Answers:
Critical reflection on the objective, design, methodology and outcome of the research undertaken Assessment-I
Smoking and tobacco addiction is one of the few among the most basic general restorative issues, particularly to developed nations such as the UK. It has been represented that among all risk segments smoking is the fourth driving purpose behind infections and other several ailments like asthma, breathing and problems in the l…
Read
More
Tags:
Australia Maidstone Management Business management with marketing University of New South Wales Masters in Business Administration 

BSBHRM513 Manage Workforce Planning
Download :
0 | Pages :
20

Course Code: BSBHRM513
University: Tafe NSW

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Answer:
Task 1
1.0 Data on staff turnover and demographics
That includes the staffing information of JKL industries for the fiscal year of 2014-15, it can be said that the company is having problems related to employee turnover. For the role of Senior Manager in Sydney, the organization needs 4 managers; however, one manager is exiting. It will make one empty position which might hurt the decision making process. On the other hand, In Brisba…
Read
More

MKT2031 Issues In Small Business And Entrepreneurship
Download :
0 | Pages :
5

Course Code: MKT2031
University: University Of Northampton

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: United Kingdom

Answer:
Entrepreneurial ventures
Entrepreneurship is the capacity and willingness to develop, manage, and put in order operations of any business venture with an intention to make profits despite the risks that may be involved in such venture. Small and large businesses have a vital role to play in the overall performance of the economy. It is, therefore, necessary to consider the difference between entrepreneurial ventures, individual, and c…
Read
More
Tags:
Turkey Istanbul Management University of Employee Masters in Business Administration 

MN506 System Management
Download :
0 | Pages :
7

Course Code: MN506
University: Melbourne Institute Of Technology

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Answer:
Introduction
An operating system (OS) is defined as a system software that is installed in the systems for the management of the hardware along with the other software resources. Every computer system and mobile device requires an operating system for functioning and execution of operations. There is a great use of mobile devices such as tablets and Smartphones that has increased. One of the widely used and implemented operating syste…
Read
More
Tags:
Australia Cheltenham Computer Science Litigation and Dispute Management University of New South Wales Information Technology 

Next

Need an essay written specifically to meet your requirements?

Choose skilled experts on your subject and get an original paper within your deadline

156 experts online

Your time is important. Let us write you an essay from scratch

Tips and Tricks from our Blog

PROJ6016 Employer Based Project

Free Samples PROJ6016 Employer Based Project .cms-body-content table{width:100%!important;} #subhidecontent{ position: relative; overflow-x: auto; width: 100%;} PROJ6016 Employer

Read More »

PPMP20009 Marking Rubric

Free Samples PPMP20009 Marking Rubric .cms-body-content table{width:100%!important;} #subhidecontent{ position: relative; overflow-x: auto; width: 100%;} PPMP20009 Marking Rubric

Read More »