Human Resource Management (HRM) Questions and Answers 2022

Running head: HUMAN RESOURCE MANAGEMENT
HUMAN RESOURCE MANAGEMENT
Name of Student
Name of the University
Author Note

HUMAN RESOURCE MANAGEMENT1
Table of Contents
Response to question 1: Motivation of employees with money................................................2
Response to question 2: Equitable Compensation System........................................................2
Response to question 3: Four job evaluation methods...............................................................3
Response to question 4: Fixed payment method VS variable payment method........................3
Response to question 5: Analysis of job responsibilities...........................................................4
Response to question 6: Performance based pay.......................................................................4
Response to question 7: Organizational pay secrecy plans........................................................4
Response to question 8: Pay for performance............................................................................5

HUMAN RESOURCE MANAGEMENT2
Response to question 1: Motivation of employees with money
Money acts as an important motivational factor for employees. This is so because it is
only through money that the employees can get their needs fulfilled. Employees sometimes
even consider money as a scorecard through which the employees can ensure that the
organization values their services (Barba-Sánchez & Atienza-Sahuquillo, 2017). Employees
compare their value in the organization with other member through comparison of this pay.
An equity theory was developed by John Stacey who believes that employees try to maintain
an equity between what they receive from the organization and what they give to the
organization. Fair treatment further motivates them to treat everyone fairly in the
organization. The expectancy theory and the reinforcement theory agree and support the
equity theory. The reinforcement theory believes that when the employees pay is higher they
are motivated to perform well.
Response to question 2: Equitable Compensation System
An equitable compensation system ensures that there is equity in payment or when the
employees believe that their pay is equal to the value of the work. It also means that
employees who have equal responsibilities and share the same level of skills, knowledge,
experience and productivity will be paid same salary. In order to design equitable
compensation system an organization should focus on the salary range and market data
(Elkins, 2016). Therefore the salary range should be decided on the basis of employee’s
abilities and experiences. When the pay range is determined appropriately an organization
can not only be able to pay the employees that are in accordance with the company goals but
also competitive. Market data is necessary in order to determine the salary range in
accordance with that of the competitors.