Reference no: EM131307763
There are three main goals for an effective compensation system which includes pay and benefits:
1. Compensation packages need to be equitable in terms of:
a. External equity--Is your pay/benefits perceived to be fair relative to what other companies offer their employees?
b. Internal equity--How is pay distributed among different jobs within your company?
c.Individual equity--How are employees working the same job paid relative to one another?
2. Compensation packages need to be efficient. Are you getting in production what you are paying for?
3. Compensation packages need to be Legal. LIke most HR areas, there a many laws dealing with compensation such as FLSA, FMLA, COBRA, ERISA, Equal Pay Act, etc.
For this discussion consider this: People will work to achieve equity! Remember this statement because you will need to manage such perceptions of your employees. What I want you to think about is what does this statement mean? How will an employee achieve equity in their compensation if they perceive they are being underpaid for what they contribute to the company?
|
What is the purpose of the undp recovery unit
: What is the purpose of the UNDP Recovery Unit? - What are the three main groupings of disaster response performed by UNOCHA?
|
|
What is unreasonable about this result
: The manufacturer of a smoke alarm decides that the smallest current of α radiation he can detect is 1.00 µA .
|
|
What are the four common characteristics shared by the ngos
: Name the various classifications of nongovernmental organizations, and describe each.- What are the four common characteristics shared by the NGOs?
|
|
Determine what percentage of the appeal has been funded
: From this list, try to determine why some countries ' appeals are fully funded, while others fall very far short of their request. Is this an issue of inequality in relief distribution, or is it something else?
|
|
What does this statement mean
: People will work to achieve equity! Remember this statement because you will need to manage such perceptions of your employees. What I want you to think about is what does this statement mean? How will an employee achieve equity in their compe..
|
|
Create class to encapsulate the data and behavior of product
: Create a class to encapsulate the data and behavior of a product in a store's inventory. The class should have the following data for an inventory item.
|
|
If disaster happen in us would organization respond
: In what countries around the world is that organization working right now? If a disaster happened in the United States, would that organization respond? Why or why not?
|
|
Explain what is meant by acclimatization
: Imagine that you coach a track team. You have three athletes who compete in the shot-put event. All three have good technique and achieve similar trajectory angles. One can put the shot farther than the others. Using the concepts of energy, work, ..
|
|
Implement a base class appointment and derived classes
: Implement a base class Appointment and derived classes Onetime, Daily, Weekly, and Monthly. An appointment has a description (for example, "see the dentist") and a date and time.
|