Why is outsourcing a viable alternative for organizations? What are the major potential advantages and disadvantages of outsourcing? Value chain analysis and Six Sigma are processes used to improve quality and ensure that value is added by each technique and at each stage in a process.For the compensation system,the basic question to ask is,"Does each specific activity directly contribute to our objectives?" If some added value is not apparent,then the question is,"How should it be redesigned? Or should it be dropped?" Of those activities that do add value,the next question is,"Who should do it?" "Should the activity be done in-house,or can others do it more effectively? That is,should it be outsourced?"
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q41: What is the consumer price index (CPI)?
Q50: What is the turnover effect? Explain how
Q76: Job analysis and gain-sharing are not examples
Q77: An area that presents an ethical dilemma
Q78: Manager self-service answers questions,explains compensation policy,and explains
Q79: Broad bands provide managers greater discretion in
Q80: Managing compensation ethically is comparatively easy since
Q83: If a pay system is not based
Q84: What are some of the software packages
Q86: What are the steps involved in the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents