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Week 4 apply assignment

Week 4 apply assignment

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• The supply chain management unit at Fresh Munchables is creating an entirely new

international purchasing team solely focused on purchasing food ingredients, machinery, and

supplies from companies abroad. The compensation team must determine how to pay this new

team. The compensation for the new jobs must account for the shifting budgetary allowances

involved in the creation of the new team. It should also motivate employees to do their best

work.

Which form of pay should you choose to use in order to address these needs?

• Performance-based pay, because it is flexible and controls costs within the company

• Seniority-based pay because it encourages employees to stay at the company

• Hourly-based pay, because it is the standard for purchasing positions and controlling

costs

• Achievement-based pay, because it motivates employees to compete with one

another

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• The executive team at Fresh Munchables is working to increase collaboration and flexibility in

regard to compensation. They are also trying to motivate lateral changes within the business

operations unit without facing compensation-related barriers.

How can the compensation specialist achieve this outcome?

• Incorporate a hierarchical structure because it increases employee motivation to

collaborate and solve problems.

• Incorporate widebanding because it encourages employees to change roles and

responsibilities and bring new perspectives to different parts of the company

• Incorporate broadbanding because it allows employees to manage career changes

within the organization without a reduction in compensation.

• Incorporate a rigid structure because it provides an incentive for employees to reach

strategic company goals that are tied to compensation.

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• One of the ways that Fresh Munchables grows its revenue streams is by finding new retail

locations to sell products. The company is currently seeking to grow its client base and has

established a search team to seek out and acquire new retail locations. The search team is

composed of self-motivated employees with a growth mindset toward development and goal

achievement, and they are currently being paid a base salary. The compensation team is going to

revise the current pay plan to motivate these employees even further.

Which of the following forms of pay will help Fresh Munchables reward the desired behaviors?

• Performance-based pay, because it provides an incentive for the team members to

produce the desired result of growing the company’s client base

• Hourly pay, because the more time the team members spend contacting potential

clients, the more they will be paid

• Capability-based pay, because some employees naturally have better social skills and

are better at persuading new clients to partner with them

• Piece-rate pay, because it is the gold standard for customer relations employees and

provides a foundation for performance appraisal

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• In an effort to help frontline employees feel more valued, Fresh Munchables would like to

give managers the autonomy to reward employees in real time for “above and beyond” effort on

a weekly basis.

Which of the following approaches will best help the company reward frontline employees for

outstanding effort and performance?

• Permit managers to award individual bonuses, because individual bonuses do not

require any contingencies for payout.

• Permit managers to give out spot awards, because spot awards can be given

immediately to reward employees.

• Allow managers to administer merit pay, because merit pay targets desired

performance.

• Allow managers to administer quick awards, because quick awards can be offered in

real time and they focus on discretionary performance.

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• The supply chain management unit at Fresh Munchables is creating an entirely new international purchasing team solely focused on purchasing food ingredients, machinery, and supplies from companies abroad. The compensation team must determine how to pay this new team. The compensation for the new jobs must account for the shifting budgetary allowances involved in the creation of the new team. It should also motivate employees to do their best work. Which form of pay should you choose to use in order to address these needs? • Performance-based pay, because it is flexible and controls costs within the company • Seniority-based pay because it encourages employees to stay at the company • Hourly-based pay, because it is the standard for purchasing positions and controlling costs • Achievement-based pay, because it motivates employees to compete with one another Feedback 8 / 8 (100.0%) • The executive team at Fresh Munchables is working to increase collaboration and flexibility in regard to compensation. They are also trying to motivate lateral changes within the business operations unit without facing compensation-related barriers. How can the compensation specialist achieve this outcome? • Incorporate a hierarchical structure because it increases employee motivation to collaborate and solve problems. • Incorporate widebanding because it encourages employees to change roles and responsibilities and bring new perspectives to different parts of the compa ...
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