Benefits and Compensation

The written paper will have many components to it in order to receive full credit.
It will encompass Chapters 7-13
What factors determine the relevant market for a survey? Why is the definition of the relevant market so important? And, what do surveys have to do with pay discrimination? -10 points
In today’s world, it is difficult for organizations to hire talent for many reasons. Some reasons are related to pay, some reasons have to do with commuting, other reasons have to with do benefits.
Pay for performance is a hot topic right now considering the high inflation rates and many critics are analyzing what organizations are paying and why and many have determined they will not match or come close to the inflation rates.
-Your definition (not the book definition) of pay for performance -10 points
-What are the advantages of pay for performance- 10 points
c.-What are the disadvantages of pay for performance- 10 points
d.-Do you believe pay for performance works- 10 points
Personnel Psychology - 2021 - Park - When perception is reality there is more than one reality The formation and effects.pdf
Find a settled case from any of the websites below. Review the history of the case, post the link, and provide commentary and your opinion if the plaintiff received a fair settlement.-25 points
Retaliation, EEOC, Settlement | JD Supra (Links to an external site.)Links to an external site.
Newsroom | U.S. Equal Employment Opportunity Commission (eeoc.gov) (Links to an external site.)Links to an external site.
Ongoing Litigation and Settlements | U.S. Equal Employment Opportunity Commission (eeoc.gov) (Links to an external site.)Links to an external site.
Summary of Case
McDonald’s is scrambling trying to meet the changing needs of consumers. These include millennials who prefer healthier products, customers who complain about long wait times in the drive thru, and competitors who offer burgers made to order. In response McDonald’s has made a number of major changes. It is reducing the size of its menu to reduce the amount of preparation time. They have introduced a new kiosk where customers can build their own burger. In addition, McDonald’s has worked hard to reduce its turnover by increasing average employee age to the high 20s and implementing wage increases and more paid time off.
Learning Objective
Analyze corporate strategy and wage/benefit decisions.
Use this case to apply the concept of linking customer needs with strategy and wage/benefit decisions in a large multinational corporation.
Discussion of Case Questions
Given the facts from the case, what can you glean from news reports about McDonald’s, what do you think is going on? Specifically, how do corporate strategy and wage/benefit decisions either support or conflict with each other? -25 points