revise unit 7 for KMuthomi

Managing Talent

Gabriella Cortez

Kaplan University

MT 203 Human Resource Management

Prof:  Dana Williams

February 21, 2014

Managing Talent

Wal-Mart being one of the major companies in America has employed many citizens. The company attracts many laborers due to the remuneration package that they offer. The company offers an incentive pay on the total compensation of Wal-Mart’s employees. All the employees are offered the same package but it differs in terms of percentages. Employees at management level are paid more and the percentages decrease towards lower level employees. The CEO being paid the most amount of money. There is an impact of incentive pays on total compensation of Wal-Mart’s CEO and the company’s average workers. The impact is that the more workers are able to achieve their targets the more incentive the CEO gets. Incentive pay makes the total compensation of both the CEO and the company average worker to increase. The only difference between the two is the fact that an average worker is paid so much less than the CEO .

There is a reason why the difference in the way pay is structured at these two levels. This is because at the CEO level he is being compensated for being with the company for the length of time he has been with them. Also, it is through the guidance of the CEO that the company is able to achieve its objectives. All the employees do is implement the strategies that they have come up with. This is why the difference in the way pay is structured at these two levels makes business sense.

The store workers at Wal-Mart would not feel that the decision of the equity of the difference between their total compensation and Mike Duke’s compensation is fair. To them they would feel that they are doing more to build the company than what the CEO does. The difference in incentives paid by the company would motivate the junior workers to work hard. They know that the result of being vigilant in their work they would attain management level positions. More money is a great motivator for workers. This is why they will be fully motivated to ensure that they work hard to ensure that they are promoted. Therefore, a junior worker will ensure that they will do their best at work. They are assured that their efforts will be honored and rewarded by a promotion. This is another incentive that any employee is assured of. Any person that is diligent in their work will get a promotion and with the promotion they will get more incentives and compensation .

The incentive pay policy is very good. However, there are some changes that if made will make the policy better and more effective. The changes will make the incentive pay and compensation package more attractive to prospective and potential employees. The change I would champion for would be to ensure that the workers are rewarded in relation to the work they put in. It is human culture to take advantage of the work that other people have done (Greenfield, 2000). Thus, in rewarding individual efforts in additional to incentives that a person gets will motivate workers more. It will make the workers go an extra mile to ensure that they get this additional incentive. It will also help to highlight the workers that ride on the achievements of other workers. This strategy will better support the existing ones so as to help motivate the employees more.

Reference

Greenfield, F. (2000). The rainbow system: Motivating with money. Chalford: Management Books 2000.

Unit 7 Wal-mart Case Study
Content	Points Possible	Points Earned
Compare the impact of incentive pay on the total compensation of Wal-Mart CEO and the company's average workers. Does the difference in the way pay is structured at these two levels make business sense? Why or why not?	12	12
How do you think Wal-Mart's store workers would judge the equity of the difference between their total compensation and Mike Duke's total compensation? Do you think the difference would motivate them to work hard to move into management positions? Why or why not?	13	13
What, if any, changes you would recommend that Wal-Mart makes to its policies for incentive pay so that its compensation better supports its strategy? At least two academic sources are used to reinforce and support ideas. Meets minimum length requirements.	15	11
Mechanics
*Clearly stated purpose and viewpoint *Logical transitions between ideas *Organized and focused *Correct grammar, spelling and punctuation	10	10
Total Points	50	46
Comments

Hi Gab, your answers to the case study questions were good and demonstrate your critical evaluation of the topics presented in the case. Your writing is clear with minimal spelling and grammatical errors. My suggestion for improvement is to remember to include in-text citations in the body of your paper after the supporting data you take from an outside source. In-text citations are an important part of giving credit where credit is due. Also, make sure to use the case study template that is provided.

�Citations needed

�Citations needed

�You need a minimum of two references.