How can HR staff work with organizational managers to create an effective incentive and motivation plan to make employees more effective and efficient?
Use the University online library and your textbooks to read about HR incentives. Based on your assigned readings for this module, consider the relationship between employee compensation packages and productivity in your current or previous organization.
Next, respond to the following:
- What compensation and benefits have been used as incentives for employee productivity and motivation? Provide specific details and show the link between the compensation or benefit and the increased productivity or motivation with facts and figures (without violating any confidentiality rules).
- Evaluate how effective the compensation and benefits were at motivating employees and increasing productivity.
1) An Operations Manager would like to understand how linear programming (LP) can be used to attain optimum solutions when allocating scarce organizational resources. She/he has the following questions:
a) What is LP? How is an LP problem defined
b) Define objective function, constraint, and decision variable
c) Our firm makes two products: Y and Z. Suppose that each unity of Y costs $10 and sells for $40. Each unit of Z costs $5 and sells for $25. If the firm’s goal were to maximize profit, what is the appropriate objective function?
d) An LP problem must be “solved.” One solution method is the corner point solution. How is this method applied? What gets solved in an LP problem? Are other solution methodologies available?
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