Business Management

Module 5 Homework Assignment

Chapter 13

What factors will contribute to a successful variable pay plan?

Explain profit sharing plans and ESOPs. What are the advantages and disadvantages of each?

Give examples of individual incentives used by your organization. Describe why these plans have been successful or unsuccessful. 

Chapter 14

Why are benefits strategically important to employers and what are some key strategic considerations? 

Explain why health-care cost management has become important and discuss several strategies available for controlling costs.

Figure 14-7 on page 427 illustrates some common benefits that employers may offer. List benefits that are essential for your employer to offer to you and explain why you feel these benefits are important.