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Suppose you are the HR manager of Anexta Inc. You have decided to reward your employees through variable pay programs. As a method you have
Suppose you are the HR manager of Anexta Inc. You have decided to reward your employees through variable pay programs. As a method you have chosen merit based pay just to promote individual performance. Following table shows the merit award determination metrix. G B D F 1 Employee performance rating Company performance rating 2 Outstanding Excellent Good Marginal Unacceptable 3 Outstanding 1.00 0.90 0.8 0.7 0.00 4 Excellent 0.90 0.8 0.7 0.6 0.00 5 Good 0.80 0.7 0.6 0.5 0.00 6 Marginal 0.70 0.5 0.7 0.6 0.0 7 Unacceptable 8 9 10 11 a) Determine the dollar value of an employe award who had a basic salary of BDT 20,000 and a maximum incentive award of 7%. Assume that both the company and employee have 'excellent 'performance. b) What if the company had 'good' performance and the employees has 'Marginal' ? c) Under which situations you would not consider your employees for any award and why
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