Preview

auditing ch13

Satisfactory Essays
Open Document
Open Document
365 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
auditing ch13
The assignment for GSLC, November 8, 2013 (05PAF SMART CLASS)

Read the Chapter of “Motivation” and answer the following questions.
1. Identify five different criteria by which organizations can compensate employees. Based on your knowledge and experience, do you think performance is the criterion most used in practice? Discuss.
5 Different Criteria by which organizations can compensate employees:
Discipline
Results
Contribution
Diligence
Attitude
Yes, we do think that performance is the criteria most used in practice. Because, most of the companies will determine how much salary they will pay according to how much benefit that a company can get from an employee.
2. “Recognition may be motivational for the moment but it does not have any staying power. It is an empty reinforce. Why? Because when you go to grocery store, they do not take recognition as a form of payment!” Do you agree or disagree? Discuss.
We disagree with the statement that recognition may be motivational for a short term. Because a person will likely to take a job that could benefit him/her from inside and also outside. Most likely a person that have recognized as an important person in the job will have self-fulfillment and will be most likely to be self-motivated as well. But, if the company only fulfill the external need like money, people will come and go easily as long as they have found another job that can pay them more.
3. “Performance can’t be measured, so any effort to link pay with performance is a fantasy. Differences in performance are often caused by the system, which means the organization ends up rewarding the circumstances. It is the same thing as rewarding the weather forecaster for a pleasant day.” Do you agree or disagree with the statement? Support your opinion.
We disagree with the statement that performance can’t be measured. Because performance can be measured by the results that they have achieved. For example if we set a goal for one person and if he/she

You May Also Find These Documents Helpful

  • Powerful Essays

    Rwt1 Wgu Business Report

    • 2510 Words
    • 11 Pages

    Within this business report, I have analyzed three different employee compensation strategies that I feel could be well executed within our organization. Employee compensation is key to recognizing and rewarding our employees for their performance and contributions to the overall company’s success. Because it is a signficiant factor, we need to carefully evaluate the three options in my report.…

    • 2510 Words
    • 11 Pages
    Powerful Essays
  • Best Essays

    Rwt 1

    • 3982 Words
    • 16 Pages

    Heffernan, M. (2012, September 14). Why performance related pay doesn 't work. Moneywatch, Retrieved from http://www.cbsnews.com…

    • 3982 Words
    • 16 Pages
    Best Essays
  • Powerful Essays

    Procter, S. J., McArdle, L., Rowlinson, M., Forrester, P. & Hassard, J. (1993). Performance related pay in operation: a case study from the electronics industry. Human Resource Management Journal, Vol.3, No.4, pp.60-74.…

    • 4200 Words
    • 19 Pages
    Powerful Essays
  • Satisfactory Essays

    Auditing Chapter 4

    • 3567 Words
    • 15 Pages

    The Securities Exchange Act of 1934 offers recourse against the auditors to a far greater number of investors than does the Securities Act of 1933.…

    • 3567 Words
    • 15 Pages
    Satisfactory Essays
  • Best Essays

    Rwt1 Research Paper

    • 2313 Words
    • 10 Pages

    This report examines 3 different compensation systems that our company can develop and enforce within our company for our employees. Compensation is the most important and rewarding factor for employees, so a thorough and thoughtful approach should be taken as we think about changing the way in which this company rewards it's employees for the work they do for us each and every day.…

    • 2313 Words
    • 10 Pages
    Best Essays
  • Satisfactory Essays

    Auditing Chapter 9

    • 254 Words
    • 2 Pages

    B. There are a few different ways to allocate materiality, but I would choose to allocate the same amount to each balance sheet account on the consolidated statement of financial position, and I would use the materiality limit of $12,500 since it is the most restrictive.…

    • 254 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    There are five criteria for effectiveness of a performance management system. The first is fit with strategy which states that a performance management system should aim at achieving employee behavior and attitudes that support the organization’s strategy, goals, and culture. The second is validity which refers to whether the appraisal measures all the relevant aspects of performance and omits irrelevant aspects of performance. The third is reliability which describes the consistency of the results that the performance measure will deliver. Acceptability, the fourth criteria, indicates that whether or not a measure is valid and reliable, it must meet the practical standard of being acceptable to the people who use it. The fifth is specific feedback which states that a performance measure should specifically tell employees what is expected of them and how they can meet those expectations. Being…

    • 954 Words
    • 4 Pages
    Better Essays
  • Powerful Essays

    Case Study

    • 2527 Words
    • 11 Pages

    In this chapter, we look at the most essential concept of “Performance Management”. So, what is performance management? Performance management is the continuous cycle of improving job…

    • 2527 Words
    • 11 Pages
    Powerful Essays
  • Satisfactory Essays

    Auditing Chapter Two

    • 559 Words
    • 3 Pages

    (TCO 4) To succeed in an action against the auditor, the client must be able to show that:…

    • 559 Words
    • 3 Pages
    Satisfactory Essays
  • Better Essays

    Brewster Case Study - Mhr405

    • 3483 Words
    • 14 Pages

    3. Employees should be rewarded for their job performances to increase productivity and employee motivation.…

    • 3483 Words
    • 14 Pages
    Better Essays
  • Satisfactory Essays

    Companies today should mirror their compensation and benefit programs with their long- term business strategy and organizational culture. According to Casio (2010), “Pay systems are designed to attract, retain, and motivate employees” (p.421). The most important objective is fairness or to achieve internal, external, and individual equity; and maintain a balance in relationships between direct and indirect forms of compensation, and between the pay rates of supervisory and nonsupervisory employees. Employers must perform job analysis, develop job descriptions, evaluate the value of job/position in the organization, develop pay structure and pay levels to create competitive employee compensation and benefits (Cascio, 2010).…

    • 386 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Recognition is key to an employee’s success. Team members will search out recognition from me. If I do not regularly give out positive recognition for accomplishments, my employees will eventually…

    • 2208 Words
    • 7 Pages
    Good Essays
  • Powerful Essays

    In modern business world, any organization can strategically use; pay, compensation, benefits and other rewards as effective performance management instruments to increase operational efficiency and enhance performance. It is very important for the organization to attract, motivate and retain the best people who will be a key influence on its future success. So, successful pay, rewards, compensation and benefits strategies are the main components that can ensure people are paid equitably, recognize and reward excellent performance, and aid the attraction and retention of top-quality staff. For this strategy, an organization’s performance management system should be designed to link employee performance outcomes and expectations to its goals, improve productivity, emphasize the employee's role in the process, recognize employee development needs, require meaningful communication between a supervisor and employee and recognize accomplishments.…

    • 1752 Words
    • 8 Pages
    Powerful Essays
  • Powerful Essays

    Abstract This paper reports the results from a natural field experiment designed to investigate the causal effect of public recognition on employee performance. More than 300 employees worked on a three-hour data-entry task, where we randomized the unannounced provision of recognition after two hours of work. We find that recognition increases subsequent performance substantially, and particularly so when recognition is exclusively provided to the best performers. Remarkably, workers who did not receive recognition are mainly responsible for this performance increase. This result is consistent with workers having a preference for conformity and has implications for reward policies in firms.…

    • 11208 Words
    • 45 Pages
    Powerful Essays
  • Satisfactory Essays

    According to theories of motivation and common expectation, people who contribute more should receive more. Relative adjustment in pay based on the person's performance forge a link between pay expenditure and individual productivity.…

    • 277 Words
    • 2 Pages
    Satisfactory Essays