Requirement

Topic:Rewarding Performance: Individual & Group & Merit Incentive Pay

The speech should include answering the following questions, and showing some tables to the class in order to make them easily understand the questions.

• Compare and contrast merit pay and merit bonuses (Please also create a table with some key words and I will put on my PowerPoint in order to make the class easily to understand, it does not mean you just create a table but you also need to write a speech script for this question, the table is just for showing to the class, I still need the speech script in response to the question).
• Which is fairer to the individual?
• Which is better for the organisation?
• Explain how compa-ratios can be used to manage the performance of people above and below the mid-point of a base pay grade.

2. Individual results-based pay or recognition rewards? (and create tables for showing to the class)—-in this part, you are required to explain what are these two different types of approach, maybe compare and contrast them, discuss their adva and disadva or more.

• What are firms hoping to achieve by introducing profitsharing and gainsharing?
• How likely are they to achieve this outcome?
• Explain how a variable pay system could be based on goal-sharing, and discuss the advantages and disadvantages. ( also create a table of the advantages and disadvantages of variable pay system).

4. Team-based rewards: a good idea? How can the ‘free rider’ problem be avoided?

NOTE: this is a speech/presentation, so the language used here should be very oral, this speech script should include not just the main content, but also some opening remarks ( such as greetings , some transitional sentences like ‘lets move on to the first activity…’) . The whole complete speech script is required.