Total rewards package for employees

Assignment Help HR Management
Reference no: EM131455508

Employee compensation includes all forms of pay going to employees and arising from their employment. It has two main components, direct financial payments (wages, salaries, incentives, commissions, and bonuses) and indirect financial payments (financial benefits like employer-paid insurance and vacations). The compensation plan should first advance the firm's strategic aims--management should produce an aligned reward strategy. This means creating a total pay package that produces the employee behaviors the firm needs to support and achieve its competitive strategy.

Question: How important is the total rewards package for employees when they are going to move from one company to another?

The goal of total rewards is to attract, motivate, and retain good employees. 

Question: How well does the company where you work use total rewards to attract, motivate and retain good employees?

Reference no: EM131455508

Questions Cloud

Discrimination occurring in the hiring process : How does your HR department ensure that there is no discrimination occurring in the hiring process?
What is the expected value of a two-point shot : The National Basketball Association (NBA) records a variety of statistics for each team. Two of these statistics are the percentage of field goals.
Employees an report discrimination : What sorts of reporting mechanisms are in place where you work so employees an report discrimination?
Comment about your thoughts on the readings : Comment about your thoughts on the readings. Write a short paragraph (no more than 400 words) that describes your overall response or perceptions.
Total rewards package for employees : How important is the total rewards package for employees when they are going to move from one company to another?
Address identifications of impacted activity with their cost : Address identifications of impacted activities with their cost and schedule attributes, remembering to account for contingencies.
Why does the policy hokler purchase a collision policy : The probability distribution for damage claims paid by the Newton Automobile Insurance Company on collision insurance follows.
Same salary as other employees : How would you deal with an employee who is originally from Germany and who expects to work only 30 hours per week
Determine the actions required to reform immigration : You have been tasked by the federal government to lead a committee to determine the actions required to reform immigration.

Reviews

Write a Review

HR Management Questions & Answers

  Improve problem solving capabilities within organization

Types of teams as to their effectiveness that will improve problem solving capabilities within organizations.

  Influence tactics help in reducing organizations politics

Explain the different types of influence tactics that will be of a help “if adopted” in reducing the organizational politics.

  Report on citigroup''s hr service level agreement

Human Resources or Human Resource Management deals with HR Service Level Agreement. HR Service Level Agreement is an agreement made between the employer and the employee, which states that the employee would work under any client and sometimes any ti..

  A project report on hrm

Human Resource Management as the name suggests, it is a management discipline which deals with the human i.e. the workforce aspect of organizations. Need and practices of HRM are inevitable in present scenario of extreme competition where "Talent War..

  Hrp: recruitment and selection

Recruitment and Selection is the initial ladder of any Human Resource Planning process and contains an immense significance for any organisation.

  A project report on study of statutory complainces

Statutory compliance and its immense knowledge are crucial to be understood in an organization. It contains all the forms, procedures and acts applicable in a company.

  Operant conditioning and Reinforcement

Operant conditioning is a learning process where behaviour is controlled by its consequences. In this process an individual's behaviour can be modified through the use of positive or negative reinforcement.

  Effectiveness of training programs in achieving customers an

The main motive for conducting this research is to provide broad range of research of the literature and their reviews related to training and development and assisting the employees in providing customers satisfaction.

  A critical analysis of hr processes and practices in fedex c

FedEx is illustrious for its novel HR processes and practices that have greatly accounted for its success.

  Integrating culture and diversity in decision making

People in the organization are known as Google where they share common goals and have common vision.

  Impact of employee attrition on people management in organis

Talent management implies recognizing a person's inherent skills, traits, personality and offering him a matching job.

  Labour dissonance at maruti suzuki india limited: a case stu

This Case Study focuses on various issues related to Labour Unrest at Maruti Suzuki India Limited.

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