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What does compensation mean to you as an employee

Assignment Help HR Management
Reference no: EM131408806

Question 1: The Nature of Compensation (Everyone responds)

For our first question, take a moment to think about compensation. What does compensation mean to you as an employee? Talk to your colleagues at your workplace. What do they think about compensation - and how well they are believe they are compensated. Are there issues? Is it really all about money? Is there a psychic component to compensation for you or for them? Conduct brief research and see what experts say is the effect of satisfied employees on a company's bottom-line.

Question 2: Pay Systems

Define each concept below. Include in your discussion, thoughts about the nuances or issues surrounding each concept and then demonstrate how they relate to one another.

Pay Philosophy

Pay Grades

Pay Systems

Job Classifications

Types of Pay

References

https://learn.umuc.edu/d2l/common/dialogs/quickLink/quickLink.d2l?ou=196465&type=coursefile&fileId=HRMN+300+Text+Chapter+6.docx

https://learn.umuc.edu/d2l/common/dialogs/quickLink/quickLink.d2l?ou=196465&type=coursefile&fileId=HRMN+300+Text+Chapter+7.docx

https://www.slideshare.net/tantia90/compensation-benefit-presentation-final

https://www.advocacy.shrm.org/overtime

https://www.entrepreneur.com/article/75340

Reference no: EM131408806

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