User Account

All Pages

Review problem on designing compensation systems

Assignment Help HR Management
Reference no: EM132080488

Assignment 2: LASA 1-Designing Compensation Systems

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 8-10-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.

Submission Details: • By the due date assigned, save your paper as M3_A2_lastname_firstinitial.doc and submit it to the Submissions Area.

Reference no: EM132080488

Questions Cloud

Regional bank with branches throughout the southeast : Quantum Bank Inc. is a regional bank with branches throughout the southeast. What important skills do you think each of the candidates are lacking?
What will probably happen to the market price : Assume that you own 1,800 shares of $10 par value common stock and the company has a 5-for-1 stock split, What will probably happen to the market price
To identify computer concepts and systems : Develop a double-sided, three-paneled brochure handout which addresses the main points of personal health records .
Calculate the amount of dividends that would have to be paid : Calculate the amount of dividends that would have to be paid on the preferred stock before a cash dividend could be paid to the common stockholders
Review problem on designing compensation systems : When designing a compensation system for an organization, it is important to have a compensation philosophy which serves as a framework for making decisions.
Identify three medpac recommendations to congress : Discuss each selected recommendation in detail. Provide rationale of their importance and associated impact in health care delivery.
Compute the total estimated bid for the parkway project : Waterways has received a request for a bid to do a parkway for the city. Compute the total estimated bid for the parkway project
About security breaches in healthcare : Identify the principal threat in the case and what healthcare information managers could have done to minimize the threat.
Explain the social context of the social issue : Identify and describe ethical concerns related to the social issue. Determine what population is most impacted by the social issue.

Reviews

Write a Review

HR Management Questions & Answers

  How does the affordable care act affect break-even analysis

What non-financial factors do the authors believe need to be included in break-even analysis? How does the Affordable Care Act affect break-even analysis

  What other legal or ethical issues involved in telemedicne

How does telemedicine differ from the traditional medicine? What are other legal or ethical issues involved in telemedicine? Which of these issues, in your opinion, will be the most difficult to address

  Two types of customers are served by a two-step process

Two types of customers are served by a two-step process. Each resource is staffed by one employee.

  Primary form of power

1. What is your primary form of power you tend to use most frequently? How is power different from politics? 2. Provide an example of how you have used the different 5 forms of power or heard or seen someone else using them. Were these forms of pow..

  Describe your approach in selecting the hmis area

As a department manager you have been asked to identify areas within your organization in need of change, based on the implications of the new regulatory compliance issues. Describe your approach in selecting the HMIS area first prioritized for ch..

  What is the legal definition of sexual harassment

What is the legal liability for Elora Jean & Co. if the EEOC investigation finds the charge to be factual with employer knowledge of the events?

  Compare two of the five types of employee training

Compare and contrast two of the five types of employee training presented in the textbook. Then, suggest one situation that would merit each type of training for various health care employees.

  How might the self-sealing value loop work for a manager

Research the concept of a self-sealing value loop. How might the self-sealing value loop work for a manager who holds Theory Y values?

  How can combination of these five types be used effectively

Compare the benefits and disadvantages of each of the types of performance appraisals: graphic rating scales, forced-distribution methods, behaviorally anchored rating scales, learning goals/management by objective methods, and peer review Is it p..

  What type of environment would be best suited to each theory

Give a complete description of your understanding of the motivational theory. What type of environment or situation would be best suited to each theory.

  Submit the sourcing methods portion

Submit the Sourcing Methods portion of your selection and onboarding process project - Determine and select effective sourcing methods for your chosen position.

  Develop recruitment and selection policies

BSBHRM506 Manage recruitment, selection and induction processes - develop recruitment and selection policies and procedures in accordance with organisational

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