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Summary HRM3705 - Assignment 6 2023 - FULLY COMPLETED - Due 16th Oct 2023
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HRM3705 - Assignment 6 Semester 2 ,2023 - FULLY COMPLETED ASSIGNMENT- Due 16th Oct 2023
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HRM3705Assessment 06
Semester 02 (2023)
Name: Insert your initials and surname
Student number: Insert your student number
Instructions and guidelines are provided in red text. Delete this information as you
progress and insert the relevant details. Use a black font colour throughout the
document.
, HRM3705
Assessment 06 (Semester 2, 2023)
HONESTY DECLARATION FOR THE DEPARTMENT OF HUMAN RESOURCE
MANAGEMENT
Module Code: HRM3705
Assessment Due Date: 16 October 2023
1. I know that plagiarism means taking and using the ideas, writings, works or inventions
of another as if they were one’s own. I know that plagiarism not only includes verbatim
copying, but also the extensive use of another person’s ideas without proper
acknowledgement (which includes the proper use of quotation marks) or any attempt to
cheat the plagiarism checking system. I know that plagiarism covers the use of material
found in textual sources and from the Internet.
2. I acknowledge and understand that plagiarism is wrong.
3. I understand that my assignment answers must be accurately referenced.
4. This assignment is my own work. I acknowledge that copying someone else’s work, or
part of it, is wrong, and that submitting identical work to others constitutes a form of
plagiarism.
5. I have not allowed, nor will I in the future allow, anyone to copy my work with the intention
of passing it off as their own work.
6. I understand that I can be awarded 0% if I have plagiarized.
7. I understand that my assignment may be submitted automatically to Turnitin.
8. I confirm that I have read and understood the following UNISA policies:
8.1 Policy for Copyright and Plagiarism
8.2 Policy on Academic Integrity
8.3 Student Disciplinary Code
Name……………………………………………… Student No: ..............................
Signed ……………………………………………. Date …………………………….
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, HRM3705
Assessment 06 (Semester 2, 2023)
1. QUESTION 1
1.1. Pay-for-Performance (PFP) Methods for Circle Works:
a. Productivity Bonuses:
Description: Providing bonuses based on the level of productivity achieved by
individual teams or employees. This can be measured in terms of the number of bikes
produced within a specified time frame. This would incentivize employees to work
efficiently and collaboratively to meet production targets. For example, teams that
consistently meet or exceed their production goals could receive a bonus.
Example from Case Study: Sheila considers productivity bonuses as a way to reward
teams that work together effectively. This could motivate teams to improve their
efficiency.
Potential Drawbacks: Risk of creating competition rather than cooperation among
teams. This may not be effective if productivity is largely determined by factors beyond
the employees' control (e.g., highly standardized production processes).
b. Gain Sharing Plan:
Description: A gain-sharing plan involves sharing the financial gains or cost savings
resulting from improved productivity or efficiency with employees. This can be
distributed among all employees. This would encourage employees to actively
participate in identifying and implementing process improvements. For instance, if a
team suggests and successfully implements a more efficient production technique,
they would receive a share of the resulting cost savings.
Example from Case Study: Sheila is considering a gain-sharing plan to promote
cooperation across the company and encourage employees to make improvements
to the production process.
Potential Drawbacks: Difficulty in accurately measuring and attributing gains to specific
actions or improvements. It may not address individual team dynamics and could lead
to a "free-rider" problem if not carefully implemented.
c. Team-Based Incentives:
Description: Providing incentives to teams that meet or exceed performance targets
collectively. This encourages teamwork and collaboration. For example, they could
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