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This needs to revolve around the example of a sporting goods store. Describe how you will use performance appraisals in compensation decisions. Discuss the use
This needs to revolve around the example of a sporting goods store.
- Describe how you will use performance appraisals in compensation decisions.
- Discuss the use of performance metrics.
- Determine the philosophy for merit guidelines.
Determine an employee benefits plan.
- Discuss the components to be considered in your overall benefit plan. Include the following in your discussion:
- Employer factors such as total compensation costs, cost of benefits, competitor offerings, role of benefits, and legal requirements.
- Employee factors such as equity/fairness and personal needs.
- How you will manage cost containment.
- Provide a checklist that ensures you are including all legally required benefits.
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In the context of a sporting goods store performance appraisals play a crucial role in compensation decisions Firstly they provide a structured framework for evaluating employees job performance again...Get Instant Access to Expert-Tailored Solutions
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