Please Explain the remuneration principles of each remuneration model:

Explanation - What is this model and why is this model used?

REMUNERATION MODEL

1. Above market rates
2. Average market rates
3. Below Market rates

 

Analyze a job using Oldham and Hackman’s Model.

Search for a job description sample online. Reflect on it and analyze it using the model mentioned.

Job Design:

Tasks, Duties and Responsibilities

(Copy what is in the job description sample.)

Job Characteristics

Skill Variety (high, average, low): Explain.

Task Identity (high, average, low): Explain.

Task Significance (high, average, low): Explain.

Autonomy (high, average, low):

Explain.

Feedback (high, average, low):

Explain.

5. The competency modeling approach may be increasing in popularity because: a) competency modeling is useful in today's rapidly changing environment. b) organizations were dissatisfied with the poor reliability of job analysis procedures. c) compared to job analysis, competency modeling provides a better explanation of required tasks. d) the increasing specialization of jobs requires a more rigorous procedure than job analysis. e) competency modeling is more useful than job analysis in hierarchical organizations.

Considering the importance of the levels of management in an organization, explain the role of each of the levels in a manufacturing company. Support your explanations with suitable examples.