Question
Wk 2 Discussion - Compensation Approaches
Think about
your current or a previous job, or a job you know well. Imagine that the HR
department was going to design a compensation approach for that job that was
aligned with reinforcement, expectancy, and agency theories. Respond to the
following in a minimum of 250 words using only personal experience and the
attachment chapters : Briefly describe the job. Describe a
compensation approach for that job that aligns with all 3 theories. Consider
the following questions when writing your response: What are the potential
advantages of this plan? What are the potential negatives of this plan? What
might be difficult in administering this plan?
Expert Solution
Compensation
approaches are employed in firms and organizations to enhance job performance,
satisfaction, and recruitment. Through these strategies, productivity and
quality can be improved. Therefore, the compensation approaches must be aligned
with reinforcement, expectancy, and agency theories to be productive.
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