Developing organization compensation strategy

Assignment Help HR Management
Reference no: EM133464700

Question

Total rewards is an organizational system of rewards that is inclusive of compensation, benefits, and any tangible or intangible items employees value and an employer provides to retain employees and reinforce preferred behaviors. These forms of compensation are broken down into two categories: direct (monetary) and indirect (non-monetary).

Discussion Question-Choose one perspective in which to respond.

Non-HR Perspective: Does a manager have a role in developing the organization's compensation strategy? Please explain.

HR Perspective: Name and discuss three key factors or process that are necessary to sustain a competitive compensation strategy?

Reference no: EM133464700

Questions Cloud

Training and development in hospitality sector : Construct an introduction on the importance of training and development in the Hospitality sector, stating key points that relate to relevant HRM theory.
Effective organizations have strongest cultures : Some people suggest that the most effective organizations have the strongest cultures.
The dress code : Your company has a strict dress code that requires employees to wear formal business attire.
Some specific social factors related to South Florida : What are some specific social factors related to South Florida or your hometown, that are contributing to this foregone GDP loss (critical thinking)?
Developing organization compensation strategy : Does a manager have a role in developing the organization's compensation strategy? explain.
Determine the current composition : Google the Socio-economic conditions in Alberta to determine the current composition.
Evaluate the attitudes of ASPOP employees : Evaluate the attitudes of ASPOP employees who decided to stay and their effects.
Effectiveness of human resource management function : Two primary reasons many businesses today are interested in evaluating the effectiveness of their human resource management function.
Decrease the interest of other professional housekeepers : Would this information likely increase or decrease the interest of other professional housekeepers in working at the Windjammer in the future?

Reviews

Write a Review

HR Management Questions & Answers

  Development of an ethics foundation

Identify the issues, define your ethical decision making model and ethical theory, explain the options and consequences, and pick the solution you would choose and why for the following situation:

  What causing this particular issues

What causing this particular issues and how MNC/accounting firms try to handle the situation

  Explain the software system testing project

Consider the plan you prepared for the software system testing project in question 1 above. If you were informed by management that you must reduce the planned

  What is realm and responsibilities for personell selection

1. what is realm and responsibilities for personell selection?2. what is the most important criterion for a selection

  Assessment of leadership talent pipeline

During a global career succession assessment of leadership talent pipeline, a candidate was asked to complete a personality/behavioral tendency profile.

  Demonstrate view of psychological contract

Demonstrate your view of your psychological contract with your academic institution. Do you feel your psychological contract is being met?

  Fair compensation and benefit offerings

Now, more than ever, employees are fighting for fair compensation and benefit offerings. Explain some of the present date issues associated with compensation an

  Discussion about the hr professionals

In the HR field, there is often discussion of HR not having a seat at the C-Suite (executive leadership) table. Do you think the role of HR professionals.

  The pinewood furniture company produces chairs and tables

the pinewood furniture company produces chairs and tables from two resources - labor and wood. the company has 80 hours

  Instructor of organizational behavior-summer 2021

Consider your course instructor of Organizational behavior-Summer 2021, divides the whole class into random groups for a group project.

  Does the board of directors at morgan sindall represent

On the Business in the Community website and the Morgan Sindall corporate website, there is a campaign to "Increase the Participation of Women." View the Morgan

  Best practices and features of a learning organization

Compile a "checklist" of best practices and features of a learning organization. Your "checklist" should be comprehensive and must include the following:

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd