Question

Jefferson, Inc. (JI)

Jefferson Inc. (JI) is a relatively new company that wants to improve its employee rewards, compensation, and benefits. The company understands that there are effective reward systems that will motivate employees. However, JI management is not sure which would be the best for the company. Compensation, another important area, must also be improved so that it will satisfy all employees effectively. In addition, the company wants to create benefits to keep the employees not just satisfied, but also motivated. Yet another pressing issue is deciding on the training methods that are to be used to successfully teach the new employees.

JI believes that it will be on the right path if all of these changes can be successfully accomplished. The company plans to incorporate performance appraisals so it can be sure that the rewards, compensation, and benefits are effectively distributed.

6.

Refer to Jefferson, Inc. JI management needs to know that effective reward systems must do which of the following?

a.

Distinguish the best from the rest

b.

Enable employees to satisfy basic needs

c.

Provide noncomparable rewards to those offered by other firms so JI can be differentiated

d.

Distribute to the top performers only in the organization

e.

Recognize that all people have the same needs, which can be satisfied with more money

7.

Refer to Jefferson, Inc. If JI management discovers that its female employees generally make less than its male employees, it may want to study the ____ of positions occupied by men and women.

a.

job analysis

b.

monthly salary

c.

comparable worth

d.

incentive payments

e.

hourly wages

8.

Refer to Jefferson, Inc. JI management must consider implementing the many different types of benefits. These include all of the following except

a.

insurance packages.

b.

pension and retirement programs.

c.

worker's compensation insurance.

d.

Social Security.

e.

profit sharing.

9.

Refer to Jefferson, Inc. The training of new employees at JI can be carried out through

a.

appraisal errors.

b.

judgmental methods.

c.

turnovers.

d.

seminars.

e.

rating scales.

10.

Refer to Jefferson, Inc. When JI management considers performance appraisal, various techniques and methods are either objective or ____ in nature.

a.

measurable

b.

marginal

c.

judgmental

d.

goal-oriented

e.

personal

Answer 1

• 6. Enable employees to satisfy basic needs
• 7. Comparable worth
• 8. Profit-Sharing
• 9. Seminars
• 10. Judgemental

6. Effective reward system tends to have 4 characteristics :

1. They must satisfy basic needs.
2. be comparable to those used elsewhere.
3. be distributed equitably
4. be multifaceted

7. comparable worth is a concept that seeks equal compensation for jobs requiring about the same level of education, training, and skills.

8. The weakness of profit sharing plan is that individual employees can't see how their own work and actions impact the profitability of the company. Consequently, while employees enjoy receiving their profit sharing money, it gradually becomes more of an entitlement than a motivational factor.

9. Seminars would be better option for the training of new employees.

10. Since Jefferson Inc. (JI) is a relatively new company, a judgmental evaluation technique is typically used when assessing job performance.