Description
Compensation and Benefits class questions*** Original Answers with sources sited** Each question must be a minimum of 300 words. Please number each question when answered with references below each!!!
1. Provide a brief overview of the job evaluation process, including the importance of compensable factors. Detail the compensable factors of a position you are familiar with and their impact on that position’s salary, and you may want to reference the job analysis and job description process, which form the foundation of job evaluation. Identify at least four pitfalls that exist for organizations that do not follow this process.
2.
Read the article "Be Healthy and Get Rewarded--Incentives Driving Engagement in Health and Wellness." Taking into consideration some of the significant changes to health insurance policies, please review the article and address the following two questions. Explain your answers in at least 200 words.
- As described in the article, what options do patients with preexisting health conditions have in regards to wellness initiative compliance?
- Are the new health plans truly helping consumers to live a better and healthier lifestyle or are they actually hindering consumers ability to freely pursue getting proper treatment, if needed, due to the fear of high deductible costs?
4. Contrast the principle difference between executive pay and non-executive pay, including a discussion on controversies associated with the growing disparity between executive and non-executive compensation packages.
Explanation & Answer
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Running Head: COMPENSATION AND BENEFITS
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Compensation and Benefits
Student Name
Institutional Affiliation
Date
Running Head: COMPENSATION AND BENEFITS
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QUESTION ONE
Job evaluation is explained as the rating of jobs according to a purposely planned
procedure so as to find out the virtual size and also worth of every job. It explores the contents as
well as requirements of jobs and also measures these against an average scale. This actually
results in job grades as well as scores, levels or even ratings and this is whereby jobs can be
evaluated with some other jobs for the reason of determining their virtual worth.
According to Smith, B. N. (2011), evaluating or even measuring a job is actually much
like juts taking a photograph because if the focus of the photograph is moving, then the
photograph will be shadowy. On the other hand, if a job is experiencing change, then the
measurement is apt to be imprecise.
In shaping the performance of each individual employee, a process of this evaluation
need to assess their character work roles. Arguably, this evaluation process is made used by
almost companies so as to measure if the employee had actually reached such goals and also
objectives similarly to the team efforts and also their relationship with some other employees.
This known process of job evaluation has very many advantages like for instance the
increased level over the performance of efficiently industrious employees. In addition to this, this
process can as well assist in determining the standard of salary. In the time of the evaluation, the
employer actually looks through the employee’s previous file as well as looking at their previous
performance evaluations and also determining what areas the employee really needs to put more
effort as said by Smith, B. N. (2011).
It can further categorize the determining factors and this is if the salary standardization is
to be increased. This proc...
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