Total rewards package for employees

Assignment Help HR Management
Reference no: EM131455508

Employee compensation includes all forms of pay going to employees and arising from their employment. It has two main components, direct financial payments (wages, salaries, incentives, commissions, and bonuses) and indirect financial payments (financial benefits like employer-paid insurance and vacations). The compensation plan should first advance the firm's strategic aims--management should produce an aligned reward strategy. This means creating a total pay package that produces the employee behaviors the firm needs to support and achieve its competitive strategy.

Question: How important is the total rewards package for employees when they are going to move from one company to another?

The goal of total rewards is to attract, motivate, and retain good employees. 

Question: How well does the company where you work use total rewards to attract, motivate and retain good employees?

Reference no: EM131455508

Questions Cloud

Discrimination occurring in the hiring process : How does your HR department ensure that there is no discrimination occurring in the hiring process?
What is the expected value of a two-point shot : The National Basketball Association (NBA) records a variety of statistics for each team. Two of these statistics are the percentage of field goals.
Employees an report discrimination : What sorts of reporting mechanisms are in place where you work so employees an report discrimination?
Comment about your thoughts on the readings : Comment about your thoughts on the readings. Write a short paragraph (no more than 400 words) that describes your overall response or perceptions.
Total rewards package for employees : How important is the total rewards package for employees when they are going to move from one company to another?
Address identifications of impacted activity with their cost : Address identifications of impacted activities with their cost and schedule attributes, remembering to account for contingencies.
Why does the policy hokler purchase a collision policy : The probability distribution for damage claims paid by the Newton Automobile Insurance Company on collision insurance follows.
Same salary as other employees : How would you deal with an employee who is originally from Germany and who expects to work only 30 hours per week
Determine the actions required to reform immigration : You have been tasked by the federal government to lead a committee to determine the actions required to reform immigration.

Reviews

Write a Review

HR Management Questions & Answers

  Coordination of benefits

Question 1: Coordination of benefits refers to: Question 2: A withhold is a feature for payment to health care provider that:

  Show how can diversity initiatives benefit a company

What are your options as you continue to negotiate with union representatives and explain what legal and ethical issues do you need to consider? Which option would you choose and why?

  How organization maintained a high performance work system

As a HR manager, provide an example of an organization you worked for or familiar with and explain how the organization maintained a high performance work system. Justify your response

  Some analytical models/tools to aid you in the synthesis

Assume that you are a design engineer and are looking for some analytical models/tools to aid you in the synthesis, analysis, and evaluation process. Develop the criteria that you would apply in selecting the most appropriate tools for your applicati..

  Discuss the type of sexual harassment

Using the Civil Rights Acts of 1964 and 1991, discuss the type of sexual harassment Mary thinks she is experiencing. What are the obligations of the HR manager once Mary reports this?

  Explain what kind of communication would be used

Explain What kind of communication would be used for a strong communications and How would team building be done?

  Identify steve jobs'' sources of personal

Identify Steve Jobs' sources of personal and position power. Justify your reasoning.Assess the implications of Steve Jobs' influence inside and outside the company.

  Diversity and promise fulfillment by organizations

After reading the Buttner, Lowe, and Billings-Harris (2010) article on diversity and promise fulfillment by organizations, discuss your thoughts on how organizations, and your organization in particular, can use this information to better understan..

  The hotel oles competitive strategy is to use superior

the hotel oles competitive strategy is to use superior guest service to increase the length of stay and return rate of

  Explain the fundamental aims of collective bargaining

Explain the fundamental aims of collective bargaining is the reduction of conflict between employees and employers

  Provide a brief background of the organization

Provide a brief background of the organization and detail the general issues/problems that the training was intended to address (for example, the lack of motivation within the sales force)

  Retention of human capital

How do internal and external factors affects retention of human capital? Please explain.

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