Essay

Write the answers in essay format. You may, however, use bullet points, diagrams, tables, or any graphs to support your arguments.

The essay should be well organized, that is, it has an introduction, body, and conclusion (1200 words).

Referencing : Use Harvard referencing style for in-text citation and make a table of references at the end.

Research: Use a minimum of two additional sources of information.

Please use the chapters attached

Question 1

Indicate whether you agree or disagree with the following statement: “Individual incentive plans are less preferable than group incentives and companywide incentives.” Detail your arguments to support your position.

Hints:

· To answer the query of this question, you need to refer to relevant course material and external resources.

· You are requested to do a good deal of research to answer this question TO CLEARY clear present how individual incentive plans differ from the group and companywide incentives.

· At the end of your answer, you need to provide a personal opinion of how Individual incentive plans differ from group incentives and companywide incentives. Your personal reflection should be supported with relevant and well-elaborated examples.

Question 2

Discuss and explain the considerations when building market-competitive compensation system. In your opinion Can companies easily develop compensation systems that are both internally consistent and market competitive?

Hints:

· To answer the query of this question, you need to refer to relevant course material and external resources.

· You need to discuss the side effects of too specific and too challenging goals from HRM215 course material.

· You are requested to do a good deal of research to answer this question to cover and discuss the following points.

· considerations when building market-competitive compensation system

· strategies to build internally consistent compensation system

· personal opinion regarding the possibility of a company to easily develop compensation systems that are both internally consistent and market competitive