Compare your ideas with someone from another country

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Assignment: 1) Compensation definitions:

• What is your definition of compensation?

• Which meaning of compensation seems most appropriate from an employee's views; return, reward, or entitlement?

• Compare your ideas with someone with more experience in the workplace.

• Compare your ideas with someone from another country.

• Compare your ideas with someone from another field of study.

2) Forms of pay:

• List all the forms of pay you receive from work.

• Compare your list to someone else's list outside of the class.

• What similarities and differences do you identify when comparing these two lists, and why?

3) Select a familiar organization:

• Infer its compensation strategy using the five dimensions (objectives, alignment, competitiveness, employee considerations, and management).

• Compare and contrast the differences between Microsoft, Merrill Lynch (discussed in the text), and the organization you selected, with respect to the five issues.

• Identify which business strategies they seem to "fit" (i.e., cost cutter, customer centered, innovator, or something else).

Reference no: EM132791920

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