Human Resources Performance Essay

1. What factors should Perkins and Balkin consider when setting the wage for the purchasing agent mental attitude? What resources are available for them to consult when establishing this wage? Katie Perkins opened her own sports store. The troupe grew quickly and she hired 16 employees to manage different areas of the store. After a while Perkins decide to open a new position for a purchasing agent. When setting the wage for the purchasing agent position Perkins and Balkin mustiness consider their internal and external factors. Internal factors include compensation outline of the organization, cost of the job, employees relative worth and employers ability to pay. A companys compensation strategy is how they plan to compensate their employees in general terms. The worth of a job is just what it says, what that position is worth to the company in the revenue or cost savings it generates. immaterial factors include conditions of the labor market, area pay rates, cost of living, c ollective talk terms and legal requirements. The labor market reflects how much supply and demand in that respect is within the industry for a particular position.2. Suggest advantages and disadvantages of a pay-for- transaction polity for Perfor- mance Sports. The advantages of a pay for performance policy is typically that productivity is change magnitude while overall employee compensation costs are decreased because it doesnt pay poor performers well. The disadvantages are measuring employee performance isnt evermore easy. There will always occur some discrepancies in the performance level measured by the employer and actual performance level obtained by the employee which leads to dissatisfaction and decrease in motivation of the employee. 3. Suggest a new remuneration plan for the customer service representatives.