Reference no: EM131433498
THE most important topic in the text - COMPENSATION! As with other topics we consider this semester, there are classes and certificate programs focused solely on developing an HRM's skill set in compensation practices. But you can lay a solid foundation for understanding compensation issues now. (UMUC offers HRMN 395: Total Rewards Approach to Compensation Management)
Important topics for you to investigate and reflect on this week include:
The Nature of Compensation
Compensation Systems Design Issues (Legal requirements and economic conditions)
Perceptions of Pay Fairness
Development of a Base Pay System
Issues Involving Pay Increases and Pay Structures
Please don't spend time memorizing terms and definitions. Rather spend time thinking about why the policies have been enacted or how job evaluations can be better implemented.
Note: Make sure you review the Power Point presentation that focuses on the nature of compensation and on the underlying impact of compensation on employee motivation.
LINK: https://www.slideshare.net/tantia90/compensation-benefit-presentation-final
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: Benefits
Why do employers provide employee benefits, rather than providing all compensation in the form of pay and letting employees purchase the services they want? Of the benefits discussed in chapter 7, list the ones you consider essential- that is, the benefits you would require in any job offer. Why are these benefits important to you?
For Every Question: offer -short Intro, (about 2-3 sentences); - a summary of the topic you are discussing, (about 2-3 sentences); critical analysis: your thoughts and opinions, sharing other resources such as theories, articles and giving specific examples, ( a paragraph and at least 7-8 sentences); and -short conclusion, ( 2-3 sentences). References APA at lease 2 for each question. Times New Roman 11 singled-spaced. Offer Headings to separate the sections.
|
Identify at least three alternatives-three states of nature
: Scenario: You are a business owner faced with an important decision that could potentially be very lucrative. Keep in mind the “Six Steps in Decision Making” (textbook reference) as you set up your decision analysis. What is the problem and objective..
|
|
Clinical and nonclinical practices of the organization
: Conduct benchmarking research to identify best practices to improve both the clinical and nonclinical practices of the organization. Analyze the customer service and satisfaction drivers present in this case study and apply those drivers to the c..
|
|
Explain why the british colonies in north america revolted
: According to the colonists, the British were overbearing, over-taxing, and ignoring their grievances. Take the perspective of American colonists, and explain why the British colonies in North America revolted.
|
|
Principles and the implications of the eight principles
: How can leaders best ensure that the 8 (Page 104-5) key principles are in place and sustained in your organizations? Describe the principles and the implications of the eight principles' impact on your organization. How will this change the organiz..
|
|
What does compensation mean to you as an employee
: 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? ..
|
|
Explain reasons for a company to keep inventory
: How did the Cold War affect the growth of technology in the United States and the USSR? Cite specific instances where new technology emerged as a result of the conflict with the U.S. and the Soviet Union. An SKU has an annual demand of 10,000 units, ..
|
|
What is a fact related to strategic planning
: PHL 320- What is a fact related to strategic planning? In the stages of decision making, what should managers do immediately after identifying and diagnosing a problem?
|
|
Examples of discrete unethical writings
: Topic: Examine the ethical nature of what you read and write. Give examples of discrete unethical writings and blatant aberrations. Are they simple fallacies or outright lies? Have you ever found yourself writing material of a less than ethical st..
|
|
What was the total face amount of the remaining payments
: FIN 406 - Security Analysis and Portfolio Management Homework. Darryl Strawberry is a former professional baseball player. What was the total face amount of the remaining payments beginning July 2015
|