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Performance Managemnet (HRM 613)                                 Fall, 2015

Assignment no. 2

Due Date: Feb 15, 2016

Total Marks: 15

Topic: Pay Plans

 

“revolutionaries” is a software house initiated and owned by four software engineers as a partnership venture. With the increasing business volume the organization has hired other people with strong IT (information technology) skills, competency in computer sciences (specifically in program coding) and experience in virtual networking. In order to evaluate the performance of the people hired by revolutionaries you are required to develop salaries according to traditional pay plans as well as contingent pay plans. Following details will assist you in developing pay plans for the employees given bellow:

 

Job position of employees

Job tenure

Pay range

(in PKR)

Performance level

Software development manager

4 years

70,000 – 100,000

Moderate

Analyst

3 years

60,000 – 90,000

Low

Software Designer

5 years

40,000 – 65,000

High

Programmer

6 years

30,000 – 55,000

Moderate

Tester

4.5 years

15,000 – 25, 000

High

Note:

1000 fixed annual increment for every employee (for traditional pay plan)

20% increase in salary on high performance and 10% decrease on low performance (for contingent pay plans)

 

 

Furthermore, identify and explain the differences in salaries of employees calculated on the basis of traditional pay plans and contingent pay plans.

 

 

Define salaries in the following format else solution will not be accepted and evaluated.

 

As per Traditional pay plans:

Employees

Salaries

Software development manager

 

Analyst

 

Software Designer

 

Programmer

 

Tester

 

5 marks

 

As per Contingent pay plans:

Employees

Salaries

Software development manager

 

Analyst

 

Software Designer

 

Programmer

 

Tester

 

5 marks

IMPORTANT GUIDELINES:

 

24 hours extra / grace period after the due date is usually available to overcome uploading difficulties. This extra time should only be used to meet the emergencies and above mentioned due dates should always be treated as final to avoid any inconvenience.

 

IMPORTANT INSTRUCTIONS

  • Students are advised to study the whole text carefully.
  • Try not to include any irrelevant material in the solution.
  • Try to come up with precise and original answers.
    • Any act of plagiarism like copy paste from internet will result in ZERO

marks.

  • Assignments reaching after the due date would not be considered.

 

OTHER IMPORTANT INSTRUCTIONS: DEADLINE:

 

  • Make sure to upload the solution file before the due date on VULMS.
  • Any submission made via email after the due date will not be accepted.

 

FORMATTING GUIDELINES:

 

  • Use the font style “Times New Roman” or “Arial” and font size “12”.
  • It is advised to compose your document in MS-Word format.
  • You may also compose your assignment in Open Office format.
  • Use black and blue font colors only

 

RULES FOR MARKING

  • Please note that your assignment will not be graded or graded as Zero (0), if:
    • It is submitted after the due date.
    • The file you uploaded does not open or is corrupt.
      • It is in any format other than MS-Word or Open Office; e.g. Excel, PowerPoint, PDF etc.
      • It is cheated or copied from other students, internet, books, journals etc.

 

 

Good Luck!


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