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MGT501 - Human Resource Management Assignment No. 2 Solution and Discussion Spring 2014 of Virtual University (VU) Due Date: August 03, 2014

MGT501 - Human Resource Management Assignment No. 2 Solution and Discussion Spring 2014of Virtual University (VU) Due Date: August 03, 2014

Assignment # 02

Human Resource Management (MGT501)

 

Dear Students,

 

This is to inform that Assignment No. 2 will be opened on July 22, 2014 and due date of assignment submission will be August 03, 2014.

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Human Resource Management (MGT501) Spring 2014
Assignment No. 02
Due Date: August 03, 2014 Marks: 10
A new CEO of a telecommunications company knew that there has to be a better
way to get his employees to be more productive. Earlier, this company had a good
incentive program that those employees who produced well in accordance with
established company goals would receive award at weekly, monthly and quarterly
intervals. Something, however, was not working right. It appeared to CEO that after
an award was given, productivity would slack off until the next major award was
nearing.
The CEO implemented his new system‐one in which no systematic process was in
place to provide reward. Rather, he now takes it upon himself to administer the
rewards as he sees fit. This means that employees don’t know when they may be
rewarded but understand that any reward given is attributed solely to company
profitability.
Since its beginning, this unusual incentive plan has resulted in significant changes in
the company. Productivity has shot up, while simultaneously work force has shrunk;
company sales record are being broken each year; and employees are receiving
more reward than ever before. One difference, however, is that these rewards are
tailored to the unique needs of each employee; that is, rather than a rigid incentive
plan whereby employees receive a similar reward, employees are now afford the
opportunity to receive what they want. And what are some of these tailored
rewards? One employee got a five‐day, all‐expense‐paid trip to Dubai for the entire
family; another got an expensive suit and a set of pearls for his wife; yet another
got an expensive Laptop (portable personal computer).
Questions:
1. How CEO has linked his self‐determined reward system to the motivation
process? (5‐Marks)
2. Would you consider new incentive plan to be fair, when one employee can
get a trip to Dubai for the entire family, while another got an expensive
Laptop (portable personal computer)? (5‐Marks)
   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.
REFERENCING GuIDELINES:
 Use APA style for referencing and citation. For guidance search “APA reference style” in
Google and read various website containing information for better understanding or visit
http://linguistics.byu.edu/faculty/henrichsenl/apa/APA01.html
RULES FOR MARKING
Please note that your assignment will not be considered, 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.
 Note related to load shedding: Please be proactive
Dear students,
As you know that Post Mid-Term semester activities have started and
load shedding problem is also prevailing in our country. Keeping in
view the fact, you all are advised to post your activities as early as
possible without waiting for the due date. For your convenience;
activity schedule has already been uploaded on VULMS for the
current semester, therefore no excuse will be entertained after due
date of assignments, quizzes and GDBs.

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