Discuss the compensation philosophies and approaches

Assignment Help Business Management
Reference no: EM131110692

Discuss the compensation philosophies and approaches that have been used at any one organization where you have worked (no need to name the organization, though you should discuss the nature of the product or service provided). Answer the following questions related to that system:

• Were they market based, or internal equity based?
• Were they competency-based to help you grow and develop? Based on the use of some formal job evaluation system?
• Was there a team performance component included?
• How were base salaries typically set?
• Was it a performance based system? Based on seniority? Based on across the board increases for everyone? Based on cost-of-living increases only? Based on lump-sum approaches or a bonus?
• Did it include a variable pay component (incentive system)? A piece rate system? A profit sharing a stock ownership component?
• Were supervisor ratings used or peer and/or self-appraisals? Were 360-degree approaches used? Or was the system based on a combination of some of these factors?
• How were executives paid? Were their total packages based on salaries, bonuses, long-term performance-based incentives, or other benefits and perks such as a "Golden Parachute")?
• Finally, what were the consequences of these philosophies and approaches? Do you think they helped the organization complete its strategic objectives or not? Are they consistent with the following core values: Excellence, Community, Respect and Personal Development? Remember to use APA format for in-text reference citations and bibliographical references.

Reference no: EM131110692

Questions Cloud

Indicate how the transaction is reported on the statement : Indicate how the transaction is reported on the statement of cash flows.
Part of strategic activities within organizations : Evaluating (quantitatively and qualitatively) training and development activities should be an important part of strategic activities within organizations.
What are the connections between drug use : What are the connections between drug use and crime and how common are drug problems among the prison population?
Is aligned independent adult living activity : IS Aligned Independent Adult Living Activity. As a group, use the case study provided to develop a transition plan. A transition plan template has been provided. Your plan should include.
Discuss the compensation philosophies and approaches : Discuss the compensation philosophies and approaches that have been used at any one organization where you have worked (no need to name the organization, though you should discuss the nature of the product or service provided).
Wild corporation reported a net loss : In 2010, Wild Corporation reported a net loss of $70,000. Wild’s only net income adjustments were depreciation expense $81,000, and increase in accounts receivable $8,100.
Differences in the backgrounds of male and female prisoners : The text also contains quite a bit of information on this subject - What are the main differences in the backgrounds of male and female prisoners?
What are five key point in articles and the textbook reading : What are five key points in the articles and the textbook readings? Include a discussion about your prior beliefs about Transition Planning for students in high school. How have the readings altered your beliefs?
What is the maximum possible volume : A conical filter is made from a circular piece of wire mesh of radius 24.0 cm by cutting out a sector with central angle θ and then taping the cut edges of the remaining piece together (see Fig. 27.55). What is the maximum possible volume the res..

Reviews

Write a Review

Business Management Questions & Answers

  Compute how understanding management theory

Compute how understanding management theory from the past is relevant in becoming an effective 21st century manager facing global demands.

  If loss aversion denotes to people''s tendency to strongly

If loss aversion denotes to people's tendency to strongly prefer avoiding losses to acquiring gains, for the reason that losses are twice as powerful psychologically

  Calculate the expected project duration

Calculate the expected project duration and What is the probability of completing

  Affirmative action and the glass ceilingaffirmative action

affirmative action and the glass ceilingaffirmative action encompasses various issues that an organization takes into

  Explain how large a sample should be taken to estimate

Explain how large a sample should be taken to estimate the proportion of accident claims covered by the industry if we want to be 98% confident that the sample percentage

  Explain each employee qualifies to earn overtime

Explain Each employee qualifies to earn overtime at a rate of 1.5 of his or her hourly rate for every hour greater than 40 hours.

  How is this important to public safety organizations

What does your contrast teach about why so many organizations fall into the Doom Loop rather than build momentum over the long term in the Flywheel? How is this important to public safety organizations

  Managerial role vs leadership roleshow the differences

managerial role vs. leadership roleshow the differences between the managerial role and the leadership role. can the

  Express the trend of interest rates over the last 3 years

Briefly express also then find out the approximate percentage appreciation or depreciation of the NASDAQ Composite, Dow Jones Industrial Average also the S&P 500 for the last 12 months also for year-to-date also provide these figures.

  Explain retained earnings on the balance sheet

Explain Retained earnings on the balance sheet represents and Net profits after taxes and Net profits after taxes minus preferred dividends

  Find the equilibrium price and quantity for market

Find the equilibrium price and quantity for market.

  Best describes how marketers can trigger consumers

Which answer BEST describes how marketers can trigger consumers

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd