User Account

All Pages

The nature of compensation

Assignment Help Operation Management
Reference no: EM131408516

Question 1: The Nature of Compensation (Everyone responds)

For our first question, take a moment to think about compensation. What does compensation mean to you as an employee? Talk to your colleagues at your workplace. What do they think about compensation - and how well they are believe they are compensated. Are there issues? Is it really all about money? Is there a psychic component to compensation for you or for them? Conduct brief research and see what experts say is the effect of satisfied employees on a company's bottom-line.

Question 2: Benefits

Why do employers provide employee benefits, rather than providing all compensation in the form of pay and letting employees purchase the services they want? Of the benefits discussed in chapter 7, list the ones you consider essential- that is, the benefits you would require in any job offer. Why are these benefits important to you?

OR

Question 3: Pay Systems

Define each concept below. Include in your discussion, thoughts about the nuances or issues surrounding each concept and then demonstrate how they relate to one another.

  • Pay Philosophy
  • Pay Grades
  • Pay Systems
  • Job Classifications
  • Types of Pay

Reference no: EM131408516

Questions Cloud

Identify and explain the rhetorical situation : ENGL 1123 Summary - Identify and explain the rhetorical situation in which the source article participates and explain the organizational structure of the source article and how its supporting points advance the central thesis.
Staffing strategy for one of the foreign countries : 1. Develop a staffing strategy for one of the foreign countries where your chosen company operates. Include a strategy for executives and a strategy for general labor work.
What is the purpose or function of the art : Most people think that artists have to go through strict formal education and training to know how to create art. In reality, however, humans are creative by nature and many spectacular works of art were created by people with little or no art ed..
Wagner or national labor relations act : Discussion #1: What do you see as the most important provision in the Wagner or National Labor Relations Act?
The nature of compensation : For our first question, take a moment to think about compensation. What does compensation mean to you as an employee? Talk to your colleagues at your workplace.
What was the return on equity for royals corporation in 2012 : If Royals Corporation keeps all of its other ratios constant in 2013 but increases its profit margin to 16%, what will be the 2013 return on equity?
What were strengths of your search method : What is the main conclusion to your research question?(i.e., what would you tell the general public)What were limitations of the studies you reviewed?(i.e., study design, sample size, recall errors, misclassification, information bias, selection b..
Analysis for four new sales representatives : CapraTek was planning to hire manufacturing employees for its new facility, you will conduct a job analysis for four new sales representatives.
Job description help in the recruitment effort : How does the job description help in the recruitment effort? How does the job description help newly hired employees? Why are accurate and up-to-date job descriptions so important?

Reviews

Write a Review

Operation Management Questions & Answers

  Illustrate what is multifactor productivity for these tires

Illustrate what is the multifactor productivity for these tires at Upton Manufacturing. Illustrate what is the percent change in multifactor productivity if Upton can reduce the energy bill by $1,000 per day without cutting production or changing ..

  Thinking about changing careers

Julia is thinking about changing careers. She has worked in business for over ten years. She is eager to go into the counseling field. Julia has researched and pondered this decision for over a year. She is reluctant to leave the financial security o..

  What factors might affect such enforcement decisions

Cases in Context Dr. Krizek contend throughout the litigation that he was a victim of “a blatant injustice” perpetrated against a dedicated foreign-born practitioner, motivated by prejudice, politics, and misunderstanding about a psychiatric practice..

  Retain specific knowledge and skills within firm

It is very important to retain specific knowledge and skills within a firm. How can knowledge and skills be collected from the personal and undocumented expertise of professionals within a firm? List at least three ways in gathering such knowledge an..

  What works against the adoption of systems thinking

Systems thinking is a way of understanding reality that emphasizes the relationships among a system's parts, rather than the parts themselves. What does this mean? Why is Systems Thinking needed? What works against the adoption of Systems Thinking?

  Mission statements addresses the customer component

Which of the following excerpts from mission statements addresses the customer component?

  Provide for improved transparency to the public

What you think should be included in a future reform of the health care system, focusing on financial operating changes that would improve efficiency and provide for improved transparency to the public.

  After we form a diversified portfolio

After we form a diversified portfolio, there is still certain amount of risk left in our investment there. Which is this type of risk?

  Average inventory carrying-holding cost for the brakes

Lee Cycles produces bicycles and buys brakes from a supplier in Japan. The brake set for one bicycle costs $125, and it is $35 to process the order with the supplier. What is the average inventory carrying/holding cost for the brakes? What buying str..

  Reflect on the workplace capability persuasion

Describe what techniques you would use to persuade a company to select a short-term loan as a payment option. Reflect on the workplace capability persuasion and how it relates to short- term loans.

  Measure the customer value

Consider your last (or current) job.

  Compare the aim of global standardization

Compare the aim of global standardization of the HRM with the aim of realizing local responsiveness. How is the balance between those aims usually achieved? What are the advantages and disadvantages of providing post-assignment guarantees of employme..

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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