Business compensation and benefits based on employees worth

Reference no: EM1340705

Business Compensation and Benefits Based on Employees Worth

Scenario:
Billy's Bar-B-Q is looking to set up a new Texas style restaurant. However, unlike the southern locations, they have come to the realization that things like taste, work ethic, and compensation expectations are different in the north.

Compensation and/or benefits employees receive are a reflection of the companies value of the employee's worth as to that position or the duties required to accomplish the job duties. Compensation could provide motivation for an employee to perform to the best of their abilities, or simply clock in and clock out.

In framing your response, research different compensation polices from piece rate systems to hourly to salary Identify different compensation systems and provide the benefits and disadvantages of each.

Describe Comparable Worth and explain how companies attempt to compensate their employees based on such a concept and not violate any federal legislation.

Reference no: EM1340705

Questions Cloud

Needs of the employee and the organization : Find any obstacles or resistant foreseen in compensation that meets the needs of the employee and the organization.

Describe the impact of tax treatment legislation : Describe the impact of tax treatment legislation on employee disposable income and employer profits (in general terms).

What aspects of compensation were the most important to you : Show the pay and compensation you received at your most recent place of employment and what aspects of compensation were the most important to you?

Promoting productivity and discriminating : Show how you could establish a proper compensation policy that provides incentives to your employees to be as productive as possible and avoiding issues of discrimination based on gender or race.

Business compensation and benefits based on employees worth : Describe Comparable Worth and explain how companies attempt to compensate their employees based on such a concept and not violate any federal legislation.

Compensation and epa : Prepare a Web search to determine whether you can find pay data that are relevant to the claims in the letter. The legal implications aside, what should Dr. Boseman do?

Show the compensation and benefits of expatriates : Explain the major components and issues of compensation at a foreign location and describe the differences found in expatriate and host-country compensation.

Compensation in the form of benefits : Explain the compensation that you receive in the form of benefits and Which are "mandatory", and which are "voluntary"

Explain how would you retrain these valuable personnel : How would you retrain these valuable personnel and How would you redesign your recruitment efforts in the discussion to account for the fact that sales personnel will need additional training?

User Account

All Pages