Page 181 - DMGT406_HUMAN_RESOURCE_MANAGEMENT

Human Resource Management

Notes 3. Since employees may differ in terms of their job performance, would it not be more
feasible to determine the wage rate for each employee on the basis of his or her relative
worth to the organisation? Explain.
4. Do small companies need to develop a pay plan? Why or Why Not?
5. Some companies have a policy of selectively matching external offers to prevent employees
from leaving the company. What are the pros and cons of such a policy? Explain
6. One expert argues that external equity should always be the primary concern in
compensation, noting that it attracts the best employees and prevents the top performers
from leaving. Do you agree?
7. What three general types of benefits do most medium-sized and large firms provide
voluntarily? Describe each briefly.
8. What is meant when it is said that many employees view benefits and services as
entitlements?

9. How can employers make employees realise that benefits and services must be earned?
10. What benefits and services are most important to today's increasingly diverse workforce?
Why?

Answers: Self Assessment

1. F 2. T
3. T 4. T
5. F 6. F
7. F 8. F
9. acknowledgment 10. shoot up

11. Below 12. Pay Structure Decision
13. seniority, merit 14. High
15. neither, nor

10.11 Further Readings

Books Aswathapa, K. (2008), Human Resource Management, 5th ed., Tata McGraw Hill.

Dipak Kumar Bhattacharyya, Human Resource Management, Excel Books.
French, W.L. (1990), Human Resource Management, 4th ed., Houghton Miffin, Boston.
H.J. Bernardin, Human Resource Management, Tata McGraw Hill, New Delhi, 2004.
Ivancevich, J. M. (2008), Human Resource Management, Tata McGraw Hill.

Madhurima Lall and Sakina Qasim Zaidi, Human Resource Management, Excel
Books.
Rao P.S. (2008), Essentials of Human Resource Management and Industrial.

Relations, Text cases and Games, Himalaya Publication.

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