Ch 9- managing compensation
Strategic compensation: compensation of employees in ways that enhance motivation and growth while at the same time aligning their effort with the objectives, philosophies and culture of the organization
Strategic compensation planning serves to...
Merit pay increases
In contrast to bonuses, performance-based pay or merit increases are incorporated into the employee’s base pay and are usually only adjusted upward. Organizations differ in how they move employees through the performance-based pay scales. Some pay systems...
Dr. Jamie Brown
HRM 520 Information Systems
March 11, 2012
1. Assess the advantages and disadvantages of using a Web-basedcompensation tool verses a client-server based or stand-alone PC based...
May 18, 2010
It is important for companies to develop a compensation plan for their employees. A compensation plan includes a pay system, health and retirement benefits, work-life balance, and recognition. Compensation should be linked directly to an...
behaviors (i.e. performance) in order to ultimately achieve organizational success
i. Tie compensation to performance (to some degree) in order to motivate
ii. Do this by having portion of compensation be variable– based on performance
• direct behavior in appropriate direction
To motivate employees by...
A key factor when determining pay for performance in many organizations is the merit pay program. Merit raises are pay increases that employees receive from there employers based on their performance. Employers offer merit pay as an incentive for meeting or exceeding...
Strategic Compensations is a major component of the human resources system. There are many aspects within strategic compensation. The current literature in business strategy and human resource management has focused increasing attention on the need for a stronger link between management compensation and business...
U.S. law requires employers to give four benefits to all employees, with only a few exceptions: (1) Social Security, (2) workers’ compensation, (3) unemployment insurance, and (4) family and medical leave. In addition, a recently passed U.S. law requires that employers with 50 or more employees...
Compensation and Rewards
Chapter 1 Definitions
Purpose of CompensationSystem – to help create willingness among qualified persons to join the organization and to perform the tasks needed by the organization
Reward – anything provided by the job or organization that satisfies an employee need
Write a six to eight (6-8) page paper in which you:
Assess the advantages and disadvantages of using a Web-basedcompensation tool versus a client-server based or stand-alone PC-basedsystem and then give your opinion on which system would provide the most value to an organization’s stakeholders. Include...
Analyzes information technologies and systems used to maintain data relative to the human resource
needs of an organization. Learners examine how human resource management systems are integrated
into larger organizational databases and systems. These systems...
Internal and External Equity Comparison
Compensation packages are one of the most valuable pieces of the puzzle when an organization creates a program designed to attract and retain suitable employees. A well designed compensation package can ensure that employees are not only attracted...
Promotion based on seniority
Argurments against promotion based on seniority
Tran Vo Anh Duy
Nguyen Huy Hoang
Nguyen Huy Hung
Phan Nguyen Khanh Ly
Lam Thi Phuong Minh
Le Thuy Uyen
Human Resource Management
Prf: Dr. Lam Nguyen
Compensation Final Exam Study Notes
What are we aiming for?
What is our end result in compensation? What do these lines represent?
Lines represent competition , also indicated other strong compeitiors in the market competition is who is steeling your good works
Brunei. The name Astro is an acronym for “All-Asian Satellite Television and Radio Operator”.Astro is owned and operated by Astro Television Network System Sdn Bhd, a wholly owned subsidiary of Astro Malaysia Holdings Sdn Bhd that owned by Astro Holdings Sdn Bhd It has operations at All Asia Broadcast...
a force which makes them do things right in some direction and gives inspiration to complete that specific goal or objective. These incentives are based on experience, skills, age and are different from person to person in an organization where everybody has their personal or financial needs to motivate...
negative, as it provides motivation and a better understanding of the job requirements. Anniversary Date and Common Merit Date performance reviews each have advantages and disadvantages. It would behoove the human resource professional to choose the approach that best suits their organization’s needs...
Designing CompensationSystems and Employee Benefits
Compensation Management/BUS 409
February 26, 2012
Designing CompensationSystems and Employee Benefits
A compensationsystem has an important role in a company. An ideal compensationsystem can motivate...
Week Five Assignment: Research Paper 2
American Public University System
Professor Daniel Hladky
Human Resource Management- HRMT 407
9 Sep 2012
Research Paper #2: Week 5- Pay for Performance
Many companies and organizations are going to a program...
keep top performers satisfied and productive, there should be a substantial difference in the variable pay or merit-based salary increases that top performers and poor performers receive. Based on the available research (which is mentioned in the article), how big of an increase is needed to “catch anybody’s...