Pay-for-Performance: Incentive Rewards Employee Benefits,
(INSTRUCTIONS + REFERENCES WILL BE UPLOADED) (COURSE TEXTBOOK WILL BE UPLOAD AS IT IS NEEDED) (BELOW WILL ALSO BE APART OF THE WORD DOC I UPLOAD) Read Chapter 10, Pay-for-Performance: Incentive Rewards, and Chapter 11, Employee Benefits, in the course textbook. Review Lesson 4.2 Chapter 10 Key Terms. Review Lesson 4.2 Chapter 11 Key Terms. Be sure to read the Lesson 4.2 Commentary before attempting to complete the written activities! Complete Activities 1 and 2. Activity 1 is related to Chapter 10; Activity 2 is related to Chapter 11. Activity 1 Provide information about a particular organization you are familiar with for purposes of this assignment. Avoid identifying the organization but indicate the products/services it provides, the industry, approximate number of employees, and its general degree of profitability. You may provide any other information you believe is relevant to this assignment. Then, explain the pros and cons of basing pay on the performance of the individual employee, a group or team to which the employee belongs, and the entire organization. Your answer should discuss pros/cons of each of these three levels of incentive compensation. Answering this question in general terms without relating it to a particular organization is unacceptable. Activity 2 Design an employee benefits program for a local accounting firm with 51 employees in Verona, WI, a small but growing community just outside the state capitol in Madison. The majority of employees are in their 30s and 40s and are starting families. About 15 are in their 50s or older; of those, most have some responsibility to “check on”” or assist an elderly relative. Which general and specific types of discretionary (not legally required) employee benefits discussed in Chapter 11 would include in a benefits package in this organization? Justify why you would include them in the benefits package for this particular organization.