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person-focused pay plans

Nov

person-focused pay plans

Discuss the following issues:
1. Discuss the various types of person-focused pay plans.
2. Identify the reasons why companies adopt person-focused pay plans.
3. Clearly, delineate the advantages and disadvantages of person-focused pay plans.
To answer the above questions requires an in-depth look at person-focused pay plans.
Use the following references:
References
Gerhart, B., Rynes, S. L., & Fulmer, I. S. (2009). 6 pay and performance: Individuals, groups, and executives. Academy of Management Annals, 3(1), 251–315.
Kim, H., Sutton, K., & Gong, Y. (2013). Group-based pay-for-performance plans and firm performance: The moderating role of empowerment practices. Asia Pacific Journal of Management, 30(1), 31–52.
Martocchio, J. J. (2017). Strategic compensation: A human resource management approach (9th ed.). Hoboken, NJ: Pearson.
Park, S., & Sturman, M. C. (2016). Evaluating form and functionality of pay-for-performance plans: The relative incentive and sorting effects of merit pay, bonuses, and long-term incentives. Human Resource Management, 55(4), 697–719.

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