Discuss how pay influences individual employees and describe three theories that explain the effect of compensation on individuals.

Learning Goal: I’m working on a management discussion question and need support to help me learn.

Week 10: Interactive activity

10.1 Learning Outcomes:

• Discuss how pay influences individual employees and describe three theories that explain the effect of compensation on individuals.
• Describe the fundamental pay programs for recognizing employees’ contributions to the organization’s success.
• List the advantages and disadvantages of the pay programs.
• Describe how organizations combine incentive plans in a balanced scorecard.
• Discuss issues related to performance-based pay for executives.
• Explain the importance of process issues such as communication in compensation management.
• List the major factors to consider in matching the pay strategy to the organization’s strategy.
• Discuss the growth in benefits costs and the underlying reasons for that growth.
• Explain the major provisions of employee benefits programs.
• Discuss how employee benefits in the United States compare with those in other countries.
• Describe the effects of benefits management on cost and workforce quality.
• Explain the importance of effectively communicating the nature and value of benefits to employees.
• Describe the regulatory constraints that affect the way employee benefits are designed and administered.

10.2 Action Required:

 ( Watch the you tube video and answer the question that follow)

10.3 Test your Knowledge (Question):

How to handle poor employee performance constructively.

10.4 Instructions:

• Answer the question in test your knowledge section.
• Post your answer in the discussion board using the discussion link below (Week10:Interactive learning Discussion)