BUSA 226 Human Resources Management ETHICAL COMPENSATION DILEMMAS HOMEWORK EXERCISE
For the purpose of this exercise, use the following definition of compensation ethics:
Compensation ethics are the rules, standards, or principles that provide guidelines for morally correct behavior, and for truthfulness in the compensation and reward of employees.
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Write My Essay For MeInstructions: Read the following two compensation dilemmas and answer the questions carefully using complete sentences in a paragraph format. Be sure to label each dilemma in your response.
First Dilemma Mary and Sue both work in the same department. Mary believes that Sue is being paid considerably more than she is. In fact, both employees are being paid about the same amount. Mary complains to her boss and the HR compensation manager and wants a pay raise. What should the compensation say, assuming the firm follows he policy of not revealing the pay of individual employees? Should Mary be told the amount of Sue’s pay? Or, should Mary only be told that there is a “misunderstanding” and that her belief is incorrect? Or should some other approach be taken?
1. After reading the dilemma above, answer the following three questions: A. Are there any ethical issues presented in the dilemma? If so, what are they?
B. How can the dilemma be resolved most effectively and ethically?
C. How important are the issues presented in the dilemma?
Second Dilemma Jim is given an extremely large raise because of his superb work record one year. As a result he is currently earning $55,000 whereas others holding the same job are earning $45,000. Everyone expects Jim to continue to excel and enhance the entire unit’s productivity. Unfortunately, Jim’s performance drops off after the first year and is now just average. What should be done about his pay? Should it be reduced to reflect his current performance or should he continue to earn more than the others?
1. After reading the dilemma above, answer the following three questions: A. Are there any ethical issues presented in the dilemma? If so, what are they?
B. How can the dilemma be resolved most effectively and ethically?
C. How important are the issues presented in the dilemma?
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