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:

https://youtu.be/RbGBpMDZYf4 ( Watch the you tube video and answer the question that follow)

10.3 Test your Knowledge (Question):

How can organizations manage to maintain poor employee performance effectively?