HR Discusion: Week 5

Instructions

Wk. 5Respond to 3 questions below.  Each question should be at least 75 words in lengthg. Responses are to be thoughtful and well-written (grammar, spelling, etc.).    It is often argued that organizations should limit the size of executives bonuses. In fact, some legislation (TARP) has proposed limiting their size. What would be some benefits of this type of legislation? Conversely, what would be some drawbacks?    I love the following article: Sins of Commissions. What steps can organizations take to minimize the likelihood that plans will get gamed/abused for unintentional purposes?    You have often heard the (mis)quote that, Money is not a motivator! The correct statement is, Money is not the SOLE motivator. Evaluate this second statement. Specifically, what factors motivate you at work? What does the Bible say about money?    From where does our demand for fairness and/or justice in pay originate?    What is meant by "consumer-driven" health plans? What are some advantages and disadvantages of each? Are they a passing fad, or do you believe they will become the norm?Reference: Nkomo, S.M., Fottler, M.D.,& McAfee, R.B. (2011). Human Resource Management Applications, (7th ed.). Mason, OH: Cengage. ISBN: 9780538468077

Answer

HR Discussion Week 5Benefits and drawbacks of limiting the size of executive bonusesThe main benefit that can be drawn from adopting legislation that limits the bonuses executives get is that it reduces the wage burden for the organization. These types of legislation would allow the company to focus its resources on aspects such as growth rather than compensation of top-level employees. Profitability and reduced risk is the other benefit that can be drawn from limited executive bonuses since the compensation plan for all workers would be standardized. In terms of drawbacks, this kind of legislation would lead to an increase in turnover, especially for top-level employees. Executives are likely to leave an organization where their compensation is limited in search of other employers willing...
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