This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: What is the concept of pay for performance (PP)? What are some examples? What will be an ideal ... (Read 77 times)

Kikoku

  • Hero Member
  • *****
  • Posts: 540
on: Jul 7, 2018
What is the concept of pay for performance (PP)? What are some examples?
 
  What will be an ideal response?

Question 2

What is the concept of value chain? How does it relate to organizational structures?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ryrychapman11

  • Sr. Member
  • ****
  • Posts: 334
Reply #1 on: Jul 7, 2018
Answer to Question 1

Pay for performance devotes at least some portion of an individual's pay (ranging anywhere from 3 percent to multiples of 100 percent) to measurable performance outcomes. Pay for performance is often referred to as variable pay because employees receive more money if theyor their team, unit, division, or even companyperform well than they would if performance had been poor.
Pay for performance can take one of two forms: merit pay, which raises base salary based on performance, and incentive bonuses, which offers regular but one-time payouts on the basis of performance. Bonuses do not alter base salary. Substandard performance the following year can reduce or eliminate the bonus.
Most organizations select a mix of performance pay in order to shape employee behavior. General Electric, for example, calls for a blend of different bonuses to motivate executives, as indicated in the following company statement: Salary and Bonus; Stock Options and Stock Appreciation Rights; Restricted Stock Unit; and Long-Term Performance Awards. Organizations seek a mix of rewards in order to help ensure alignment between employee behaviors and their strategic goals.

Answer to Question 2

advent of sophisticated information technology and the geographic dispersion of technological excellence and knowledge have encouraged organizations to focus on their value chain. Organizations develop competitive advantage and create shareholder wealth through an interdependent sequence of activities known as the value chain. The value chain also can be defined as the separate activities, functions, and business processes that are performed in designing, producing, marketing, delivering, and supporting a product or service.

Horizontally linked structures use cross-functional teams to achieve linkages across the various and interdependent activities of their value chain. Zara, e.g., uses value-chain teams to radically reduce the time-to-market for its new products.


Kikoku

  • Member
  • Posts: 540
Reply 2 on: Jul 7, 2018
Great answer, keep it coming :)

tranoy

  • Member
  • Posts: 344
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Vaccines cause herd immunity. If the majority of people in a community have been vaccinated against a disease, an unvaccinated person is less likely to get the disease since others are less likely to become sick from it and spread the disease.

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

Did you know?

Walt Disney helped combat malaria by making an animated film in 1943 called The Winged Scourge. This short film starred the seven dwarfs and taught children that mosquitos transmit malaria, which is a very bad disease. It advocated the killing of mosquitos to stop the disease.

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Example of an employee performance evaluation form Cont Example of an employee performance evaluation form Cont
Examples of heart rhythms: ventricular tachycardia. Examples of heart rhythms: ventricular tachycardia.
Examples of the most common X-ray positions and the images they produce. Examples of the most common X-ray positions and the images they produce.
The concept of a threshold stimulus. The concept of a threshold stimulus.
Examples of Pathogenic Microbes Identified Since 1973 Examples of Pathogenic Microbes Identified Since 1973
Effects of Retrieval Practice on Predicted and Actual Memory Performance Effects of Retrieval Practice on Predicted and Actual Memory Performance
Video: Methods that regulate pH

For a complete list of videos, visit our video library