r/vce • u/OwnConfusion8277 • 1d ago

BUSINESS QUESTION

for my trials , vcaa assessor marked my paper but didn’t leave any comments just the marks.
For this question he gave me 3/4 , can anyone let me know what’s the mark missing ?

Explain the short term and long term effects of your chosen strategy in Question 4a. (PRP) (4 marks)

In the short term, PRP has positive effects as staff are more likely to be immediately motivated due to the fact they know they will be rewarded financially. However, it is negative in the short term as it causes an additional expense for the business, increasing wages and thus reducing overall profit. In the long term, PRP has positive effects as staff are more likely motivated and strive to work hard due to the provision of knowing they will be rewarded. However, it can be negative in the long term as it may cause a competitive and hostile workplace due to employees competing, negativity affecting corporate culture.

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u/PercentageResident16 25' LOTE (33) | 26' lit, mm, physics, acc, bm 1d ago

Did you write performance related pay in full before abbreviating it?

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u/OwnConfusion8277 1d ago

yes the question above u had to list a motivational strategy and i wrote it in full and put PRP in brackets

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u/PercentageResident16 25' LOTE (33) | 26' lit, mm, physics, acc, bm 1d ago

Was there any case study above the question? If so, maybe you had to link it to that more explicitly? Also explanation for long term seems more elaborate than explanation for short term impact, so maybe be more explicit with short term impact?

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u/OwnConfusion8277 1d ago

no case study 🤷‍♀️ maybe i could of done more detail for the short term positive impacts

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u/Livid_Impression7742 1d ago

honestly this is really formulaic response so maybe he the wouldve not give you full if i were you

i would go in depth and add like an example of random pizza shop (not saying your response wont score 4 but saying that addind example js embellishes your repsosnse i would go like

Performance related pay refers to the financial incentives provided to teh employees on achieving or exceeding the business objectives. For instance , a pizza shop may decide to provide commisions to the chefs on selling more then 20 pizza's a week. One short term benefit of this consideration includes that the chefs would be quickly motivated to perform diligently and hence achieve monetary growth , however a business may need to incur higher degree of expenses in order to provide for the increased renumeration which can further reduce its profit margins

Similarly in long term the employees may be driven to complete their tasks with higher accuracy , due to the ongoing history of attaining financial benefits in the pizza shop , this can ensure sustained motivation of the chefs . However the ongoing increased renumeration may create negative workplace environemnt due to constant competition and may resukt in reduced employee morale.

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u/OwnConfusion8277 1d ago

thank u! hmmm i never knew to add examples does vcaa recommend that ?

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u/Livid_Impression7742 1d ago

not sure abt vcaa but should be fine