Compensation Package Proposal
Compensation is a very important aspect of the employee of a company; it seems important a well-defined compensation package is in place. “Compensation involves direct cash payments, indirect payments in the form of employee benefits, and incentives to motivate employees to strive for higher levels of productivity.” (Cascio, 2010, p. 413) It seems a compensation package will be different for each different career type but must always meet the needs of the employees and the organization. A proposal for a total compensation package for the information technology employees of Wal-Mart needs to be written. This proposal will include a description of the job group, a salary table for specific positions, a placement policy, benefits packages, and the way the plan is implemented by the organization.
Job Group
Information Technology Employees Information technology seems to be a field with rapid growth; according to Taylor (2010), careers in the IT world expects to grow 32% by 2018. It appears every company has some kind of computer related work involved to help the company succeed. “A strong background in the technical fundamentals of computer science and programming languages like Java, Microsoft.NET, and C++ are obviously important for success in the field. But a creative brain and an ambition to stay updated on the newest advances in the field -- whether through books or training -- are also key” (Taylor, 2010, para. 4). Information Technology also involves strong communication with others, creativity, the ability to work in a team, and a strong undergraduate background. Although much knowledge is need to succeed in IT, it appears the pay scale and advancement opportunities will pay off. Positions within this area of work include cyber-security, graphic design, technology architects, web page developers, and software engineers.
Wal-Mart seems to be in search for technology employees. Technology is use in Wal-Mart to run the global market. Wal-Mart (2012) states
Job Group
Information Technology Employees Information technology seems to be a field with rapid growth; according to Taylor (2010), careers in the IT world expects to grow 32% by 2018. It appears every company has some kind of computer related work involved to help the company succeed. “A strong background in the technical fundamentals of computer science and programming languages like Java, Microsoft.NET, and C++ are obviously important for success in the field. But a creative brain and an ambition to stay updated on the newest advances in the field -- whether through books or training -- are also key” (Taylor, 2010, para. 4). Information Technology also involves strong communication with others, creativity, the ability to work in a team, and a strong undergraduate background. Although much knowledge is need to succeed in IT, it appears the pay scale and advancement opportunities will pay off. Positions within this area of work include cyber-security, graphic design, technology architects, web page developers, and software engineers.
Wal-Mart seems to be in search for technology employees. Technology is use in Wal-Mart to run the global market. Wal-Mart (2012) states
References: Cascio, W. (2010). Managing human resources (8th ed.). New York , NY: McGraw-Hill. Taylor, M. (2010). The wall street journal. Retrieved from http://online.wsj.com/article/SB10001 424052748704358904575478133397664058.html Reference for Business (n.d). Employee benefits. Retrieved from http://www.referenceforbusiness.com/small/Di-Eq/Employee-Benefits.html Wal-Mart (2012). Retrieved from http://careers.walmart.com/careers-in-technology/ http://humanresources.about.com