Chapter 8: Reward Management I. DEFINITIONS Wages • A wage is the payment made to manual workers and is usually expressed as a rate per hour. • In Hong Kong‚ “wage’‚ nowadays known as “Relevant Income”‚ includes all remuneration‚ allowances‚ tips‚ overtime pay‚ hardship‚ per-diem allowance‚ etc. capable of being expressed in terms of money‚ payable to an employee in respect of work done. Salaries • A salary is a fixed periodical payment to a non-manual employee.
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Intro Compensation and benefits packages are used by companies to retain and attract talent. Benefits can be used to keep employees happy at work and to up your overall productivity. In this economy it is vital to offer competitive compensation and benefit packages to assist in the retention as the economy rebounds from its current state. In order to offer a competitive package‚ you should be aware of the types of employees you are looking to attract and also the employees that are currently working
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Flexible Benefits Introduction The "home" of flexible benefits is in the US‚ where the concept is strongly established. With a limited national health service‚ medical insurance is the responsibility of the individual and employees are typically offered healthcare insurance‚ covering private medical‚ optical dental‚ physiotherapy etc. through their flexible benefits scheme. Flexible benefits is an employee reward system‚ which allows employees to choose from a menu of optional benefits
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Prevention and Management of Workplace Violence Submitted by Your name Course title Instructor name Date of submission University name • Define workplace violence • What type of strategies or interventions should HR management adopt to protect employees while at work? Prevention and Management of Workplace Violence Work place violence can be described as threatening‚ abusing‚ and physically harm to employees at the workplace. For example a Spanish teacher who came with Ak-47 in a guitar
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Workplace violence is violence or the threat of violence against workers. It can occur at or outside the workplace and can range from threats and verbal abuse to physical assaults and homicide‚ one of the leading causes of job-related deaths. The Occupational Safety and Health Administration (OSHA) reports that over 2 million American workers are victims of workplace violence each year. OSHA describes workers who provide services‚ work in remote or high crime areas‚ and those who work shift hours
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Bullying in workplace happens due to some factors such as power and organizational culture. As powerful individual‚ one is able to manipulate the position he/she has to perform unlawful act. Asforth’s (1994) concept of “petty tyranny” specifically focuses on the inappropriate use of positional power by managers. That is‚ staff members and employees are seen as vulnerable‚ while those in positions of power or authority‚ such as managers are commonly identified as the more powerful perpetrators (Keashly
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Thesis The purpose of this paper is to look at stress in the workplace and its effects on family‚ medical and work effectiveness. By looking at a few studies‚ this paper will show the relevance between stress from the job and depression and issues in the family‚ issues with health problems and low job performance. Conclusion Effective tools for dealing with stress will decrease stress‚ improve the physical and emotional/mental health of workers‚ increase worker productivity‚ improve
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Bullying in the workplace is one of the most significant challenges facing companies today. According to the Waitt Institute for Violence Prevention nearly half (49%) of all workers in the United States have been a victim or witnessed abusive behavior towards an employee (www.workplacebullying.org). Bullying in the workplace is similar to childhood bullying‚ but workplace bullies often operate within established policies of their companies. They commit deliberate acts against employees or co-workers
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Health and Wellness in the Workplace Health and wellness in the workplace is crucial to business success. Healthy employees are more productive and they cost less. The quality of health is intimately connected to the quality of life. Companies that promote healthy lifestyle habits for employees to improve their health‚ often take the success of the company to heart and are likely to be absent less often for health related reasons. Employers are now offering a wide range of wellness initiatives;
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health and wellness issues. It is becoming more practical and cost efficient to incorporate a health and wellness program into the company practice. The extent of how much a program is applied depends greatly on how much a company can and is willing to spend‚ and how committed they are to help the individual employee have a healthy lifestyle. With a program properly put into practice‚ both the employee and the employer will see immense benefits. Implementing a Health and Wellness program can
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