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What is the compensation philosophy

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Reference no: EM133041515

In looking at your organization/department, answer these questions concerning how compensation is managed:

1. What forms of compensation are used: base wage, commission, blend? Who receives which compensation type?

2. Are incentives offered such as bonuses, piece rates, longevity/tenure, etc.?

3. What is the compensation philosophy: lead, market, lag? Is it working? (May want to review retention/turnover to answer this.)

4. Is your compensation program based upon distributive justice and procedural justice? Defend your decision for both justices.

5. Does the compensation program support the overall objectives of your organization? Why?

Reference no: EM133041515

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