Decisions Concerning Pay and Incentives
Steps:
1. Use the position that you selected for your Selection Process Project to complete this discussion forum on pay and incentives.
2. Use sites such as the Bureau of Labor Statistics (https://www.bls.gov) – this site is a valuable resource. For instance, you can look up “Wages by Area and Occupation” in the Pay and Benefits section. There are other research sites to investigate if you so desire.
3. You will research your selected position to answer the following questions:
-Identify the position and remind us why you selected it.
-List the mean (average) hourly wage and mean annual wage for this position in California.
-List the top paying state in the US for this position.
-List the metropolitan area in this country with the highest employment level in this occupation.
4. Answer why an organization might choose to pay more or less than the market rate for this position and the consequences of an organization paying more or less than the market rate.
5. What types of incentives would you choose for an employee in this position? Why? Be specific.
6. Would these incentives be based on the individual’s performance, a group’s performance, the organization’s performance, or a mix of these performance results?
7. Your original post is worth 30 points and is due Tuesday, November 8.
