Human Resource Management

1. Waleed is the general manager of an electronics store at the mall. He is unsure of what kind of reward he wants to use to incentivize his employees
   to sell more Samsung phones because they have a lot of stock. Help Waleed by explaining to him in your own words what are monetary, tangible, and
   intangible rewards. Also, for each of the three types provide 1 advantage and 1 disadvantage to using them to motivate performance.
2. In your own words, explain what a psychological contract is AND what its purpose is. Also provide an example of a psychological contract in the
   workplace specifically discussing both parties involved.
3. Some companies give promotions based on seniority while others focus on merit/competence. Explain both methods in your own words and provide
   an example of each method.
4. Explain in your own words the differences between dismissal from your job due to insubordination and due to changing job requirements. Provide
   an example of each to demonstrate this differentiation between the two.

Sample Solution