User Account

All Pages

How can your compensation program help the organization

Assignment Help HR Management
Reference no: EM131745079

Assignment

When designing a compensation system for an organization, it is important to have a compensation philosophy which serves as a framework for making decisions about various components of the system.

Tasks:

One question to be addressed is how can your compensation program help the organization be successful (e.g., be able to attract and retain talented workers needed to be competitive in the marketplace)?

Some options for consideration include:

• Being an "employer of choice" in the industry
• Offering top salaries
• Putting more emphasis on benefits and less on salaries
• Establishing "pay for performance" systems
• Offering flexible in work hours, shifts, work rules, dress code, professional development/education policies
• Offering designer benefits
• ESPP (Employee Stock Purchase Plans)

Write an 5-7-page report discussing what factors you think should be considered when creating a compensation system for an organization and why. Include the organization you work for (past or present) and describe the organization's current compensation system. What would you change?

Make sure you write in a clear, concise, and organized manner; demonstrate ethical scholarship in accurate representation and attribution of sources; display accurate spelling, grammar, and punctuation.

Reference no: EM131745079

Questions Cloud

What steps might you take to gain the cooperation : What steps might you take to gain the cooperation of the third party after the policy has been initiated.
What proportion of kitchen knives are steak knives : What is the probability that a randomly selected kitchen knife has a sharpness measure less than 75 mm - What proportion of kitchen knives are steak knives
Find an act percentile : Find an ACT percentile. Reports on a student's ACT or SAT usually give the percentile as well as the actual score. The percentile is just the cumulative
What was lance murdock rate of return : What was Lance Murdock's rate of return, that is, the value of i? Enter a negative percentage for a loss
How can your compensation program help the organization : One question to be addressed is how can your compensation program help the organization be successful. Being an employer of choice in the industry.
Find the act quartiles : The quartiles of any distribution are the values with cumulative proportions 0.25 and 0.75. What are the quartiles of the distribution of ACT scores?
What is the probability that a new-car loan : What is the probability that a new-car loan is for at most 48 months? b. What is the probability that a new-car loan length is between 50 and 70 months
Describe the impact of change in an industry : Identify key obstacles/opportunities that necessitated the changes and the nature of changes made in the related industry.
Find the sat quintiles : The quintiles of any distribution are the values with cumulative proportions 0.20, 0.40, 0.60, and 0.80. What are the quintiles of the distribution of SAT score

Reviews

Write a Review

HR Management Questions & Answers

  How would you go about dealing with the nontraining needs

Presented at the end of chapters 4, 5, 8 and 9 of the Blanchard and Thacker (2013) text, are examples of what would be done in a real situation regarding a small business that requested training. Review the Fabrics Inc. example at the end of chapt..

  Illustrations of the principles of management

Choose any one successful manufacturing company. From the firm, draw illustrations of the principles of management.

  Select three of the hr roles and research potential job

Select three of the HR roles and research potential job requirements for each.Write a 350-word job description for each HR role that you have selected.

  Define statistics

Define statistics. Identify and describe the purposes of the two types of statistical analysis.

  Advantages and drawbacks of leaders empowering

What are the potential advantages and drawbacks of leaders empowering their employees? What would you do as a leader to maximize the advantages and minimize the drawbacks?

  Specify the key functional areas of hrm

Explore the manner in which each function contributes to the overall performance of an organization.

  Management of individual behaviorhow can your personality

management of individual behaviorhow can your personality type affect your career and effectiveness on the job? this

  Outline of major treatment approaches

Provide a brief description of each approach in the outline annotated with the factors that must be considered for various special populations

  Diversity management decisions

Public opinion has a strong influence over diversity management decisions. Consider this week's readings, videos and your personal experiences.

  Key aspects of the firms environment

Stage one-the analysis that includes systematic identification and consideration of the key aspects of the firm's environment and stage two-the synthesis of the key aspects into an understanding of the strategic opportunities and threats..

  Discuss the changes that you would make in this process

In a 1 page opinion paper, using APA formatting, discuss the employee evaluation process as it exists within your organization or one that you are familiar with. Is there ample opportunity for the employee to provide feedback? Are the expectations..

  Problem related to the price elasticity

You are advising the stakeholders of a small firm that is one of a handful of manufacturers of disposable contact lenses, wetting solution, and other products related to eye care.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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