Preview

Compensation Term Paper

Powerful Essays
Open Document
Open Document
2908 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Compensation Term Paper
1. Choose a specific job and then describe the types direct and indirect compensation that might be important by referring to Chapter 2 of your textbook and your course syllabus and knowing that you should provide a number of examples.

Title of position: Director of Operations

Direct Compensation Indirect Compensation
Base Pay Employee Benefits Salary $120,000. Medical Plans
Incentive Pay Blue Shield-HMO/PPO Quarterly Bonus depending on Kaiser Performance of Company Health Net-HMO/PPO Company car Dental Plan Vacation Condo Available Delta Dental-HMO/PPO in Hawaii Vision Plan Company Cell phone VSP-HMO/PPO Company laptop Life Insurance Company Jet Available New Life for business trips Disability Insurance Company credit card Short term/long term Country Club Membership Aflac L.A. Fitness gym membership Pension plan/401K Reserved Parking
Continue Reading
View Writing Issues

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Case Study: Week 8 Federal Taxation
    • 369 Words
    • 2 Pages

    Case Study: Week 8 Federal Taxation

    Explain the applicable tax law regarding employee compensation and the criteria for deducting expenses Make at least two recommendations for ways that Jim can ensure that he is compliant with the tax law…

    • 369 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Satisfactory Essays

    BUS 681 Week 3 DQ 1 Building Blocks
    • 375 Words
    • 2 Pages

    BUS 681 Week 3 DQ 1 Building Blocks

    Discuss the basic building blocks of developing a market competitive pay system, including the relationship between internal and external equity. Respond to at least two of your fellow students…

    • 375 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Good Essays

    Hrm 531 Compensation Plan Paper
    • 583 Words
    • 3 Pages

    Hrm 531 Compensation Plan Paper

    The base pay with the bonus payouts would cover the financial rewards. “Nonfinancial rewards include everything in a work environment that enhances a worker’s sense of self-respect and esteem by others (e.g., work environments that are physically, socially, and mentally healthy; opportunities for training and personal development; effective supervision; recognition) (Cascio, p. 418).” The nonfinancial benefits that will be offered to motivate employees to reach peak performance are a wellness plan (including gym membership), on-site dependent care and flex…

    • 583 Words
    • 3 Pages
    Good Essays
    Read More
  • Satisfactory Essays

    Ac505 Managerial Accounting Final Exam Essay Example
    • 1847 Words
    • 8 Pages

    Ac505 Managerial Accounting Final Exam Essay Example

    1. (TCO A) Wages paid to the factory manager are considered an example of: (Points: 5)…

    • 1847 Words
    • 8 Pages
    Satisfactory Essays
    Read More
  • Good Essays

    Ac505 Page 1 Final
    • 723 Words
    • 3 Pages

    Ac505 Page 1 Final

    1. (TCO A) Wages paid to the factory supply shop foreman are considered an example of: (Points: 5)…

    • 723 Words
    • 3 Pages
    Good Essays
    Read More
  • Satisfactory Essays

    Compensation And Amontion Research Paper
    • 415 Words
    • 2 Pages

    Compensation And Amontion Research Paper

    Compensation and Colontion was the approach. It wasn’t what was the end result but what was intended. In the final judgment it was written in refernce the” prelimary one with the determintation to free the slaves in states or parts of states still in rebellion against the United Sates as of January 1st and then listed the regions in which the slave “ shall be then, thencefore and forever free.”” (pg333) Although it was not written in the final proclamation about compensation it was amongst a few other things mentioned. I think compensation was in order but sure to the slaves at that time beingn free was worth more than any amont of money they couuld have been given. It was written that they would be allowed to work and earn reasonable…

    • 415 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Satisfactory Essays

    Eligibility And Paying Procedures Paper
    • 399 Words
    • 2 Pages

    Eligibility And Paying Procedures Paper

    Many factors determine a patient 's eligibility for benefits. Employment status is one factor that may determine whether or not the patient still has benefits. If an employee no longer has a job they are by law to be offered what is known as COBRA by their employer for up to one year of termination or a new job whichever comes first.…

    • 399 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Better Essays

    An Evaluation of “A Worn Path”
    • 947 Words
    • 4 Pages

    An Evaluation of “A Worn Path”

    The worn path written by Eudora Welty (1941) is a great short story about Phoenix Jackson, an old African American woman who beats all odds to make a trip into town for medicine for her grandson, she overcomes many challenges that test her courage and will. Because of her loyalty and love, Phoenix has sacrificed her own well-being on this dangerous path for the well-being of her grandson.…

    • 947 Words
    • 4 Pages
    Better Essays
    Read More
  • Better Essays

    HRM 500 Assignment 4
    • 1546 Words
    • 5 Pages

    HRM 500 Assignment 4

    The main goal of employee incentives is to motivate employees to achieve their highest performance possible. Human Resources must first determine the needs of the employees. Once those needs have been assess, then they must decide on an incentive plan that focuses on those particular needs. “Incentive plans must showcase what the potential may be if the purpose is fulfilled” (Kishore & Rao, 2013). For this particular company one method that could be used to determine incentive pay is by basing it on individual’s performance. First you would identify who your top performers may be. Human Resources should communicate with them and inform them of the incentive plan for performance bonuses based on sales for the quarter. Even though this is an individual based performance plan it can also be applied to groups within the organization. For example, the internet sales team of the company would participate in a…

    • 1546 Words
    • 5 Pages
    Better Essays
    Read More
  • Powerful Essays

    Financial Outcomes Paper
    • 1645 Words
    • 7 Pages

    Financial Outcomes Paper

    This means that Walmart has financed more than half of its assets with debt. This is a high ratio, thus Walmart’s degree or indebtedness as well as its financial leverage is greater. Another debt ratio is the Times interest earned ratio which is earnings before interest and taxes / interest. The times interest earned ratio for Wal-Mart is $18,435,000 / $1,900,000 = 9.7. This looks good for Wal-Mart because a times interest earned ratio of 3 is decent and 5 is good.…

    • 1645 Words
    • 7 Pages
    Powerful Essays
    Read More
  • Better Essays

    Accounting Paper
    • 1897 Words
    • 8 Pages

    Accounting Paper

    Home Depot has three basic strategies: assortment, price, and service. They carry the broadest range of merchandise priced below every competitor in every market where they compete. Lowe’s reported similar values when it came to their customers. They said that their top values are customer focused, respect, and passion for execution. In their letter to shareholders, Lowe’s said, “We know that providing great service is the driving force behind profitable sales and market share growth, and we feel our commitment to delivering great service has Lowe’s uniquely positioned to capitalize as the economy bottoms and home improvement demand improves.” After reading about all that each company reported about themselves we decided to see for ourselves. When we went to Home Depot and asked for help in a specific category the salesman pointed us in the right direction but did not help us out. He was not as helpful as he could have been. At Lowe’s one salesman helped us and showed us around the whole store. Therefore, we concluded that Lowe’s employees have a broader base of knowledge in all aspects while Home Depot hires past tradesmen who have knowledge in one specified area.…

    • 1897 Words
    • 8 Pages
    Better Essays
    Read More
  • Powerful Essays

    Reimbursement and Pay Paper
    • 1487 Words
    • 6 Pages

    Reimbursement and Pay Paper

    Reimbursement and Pay-for-Performance are at the heart and soul of every health care organization. Without money coming in there is no way to pay for the services in which are offered to the individuals that need them. The individuals that need the services are required in one way or another to provide payment for these services. Individuals’ chose the health care coverage needed and than the insurance companies develop plans to fit needs to the people. The insurance or reimbursement organizations provide the payments to the providers for health care received. This paper will define pay-for-performance, reimbursement and how this affects pay-for-performance, how organizational costs reductions impact the quality and efficiency of health care, the affects on health care providers and customers from pay-for-performance and finally the future of health care and the effects of pay-for-performance.…

    • 1487 Words
    • 6 Pages
    Powerful Essays
    Read More
  • Powerful Essays

    Output
    • 10564 Words
    • 43 Pages

    Output

    2) Nonfinancial payments like health and life insurance, pensions, time off with pay, and child care facilities are examples of ________.…

    • 10564 Words
    • 43 Pages
    Powerful Essays
    Read More
  • Good Essays

    Pick A Job You Have Held
    • 731 Words
    • 3 Pages

    Pick A Job You Have Held

    Pick a job you have held, and describe it in terms of span of control, delegation, responsibility, authority, and accountability in relation to the course materials explanation of these terms.…

    • 731 Words
    • 3 Pages
    Good Essays
    Read More
  • Good Essays

    Name Your Price: Compensation Negotiation at Whole Health
    • 940 Words
    • 4 Pages

    Name Your Price: Compensation Negotiation at Whole Health

    Jim has asked Monroe to design a compensation package for himself as Director Business Operations because Jim wanted to assess how Monroe reacts when faced by unexpected challenges. Jim has sent a template of the compensation Package and asked him to analyze and work on following areas of the package.…

    • 940 Words
    • 4 Pages
    Good Essays
    Read More

Related Topics