has increased awareness of and concern for creating internationally equitable compensation systems in many companies. The complex nature of international compensation dictates that it receives special attention from organization operating in a multi-national environment. It is crucial that organizations understand the kind of employees employed by international firms‚ the elements that comprise an international compensation system‚ and the special problems associated with returning citizens on overseas
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Compensation is a very important aspect of the employee of a company; it seems important a well-defined compensation package is in place. “Compensation involves direct cash payments‚ indirect payments in the form of employee benefits‚ and incentives to motivate employees to strive for higher levels of productivity.” (Cascio‚ 2010‚ p. 413) It seems a compensation package will be different for each different career type but must always meet the needs of the employees and the organization. A proposal
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Foundations of a Compensations Strategy Compensation Strategies are used by organizations to determine how rewards should be given out to employees. Since compensation is a good way to motivate employees to that are not performing well to do better and the ones that are working hard to work even harder‚ having a good strategy in place will help an employer to decide what is a fair reward to give to each employer. A compensation strategy must have a link between three things in order to be effective
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his extravagant and highly esteemed approach to his writing of classic English literature. This is true for drama: the playwrights who write plays often incorporate aspects of their own lives into the plays‚ be it their character‚ or in their influence from other persons or social aspects of their lives. This is clearly evident in Oscar Wilde’s The Importance Of Being Earnest. Many of the‚ especially social themes and issues of Wilde’s life are contextually applied to or expressed in The Importance
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CLAIMS AND COMPENSATION ADMINISTRATION UNDER THE EMPLOYEE COMPENSATION SCHEME – an overview This is an overview on Claims and Compensation according to the Employee Compensation Act. It briefly states the processes‚ procedures and purpose of administering claims effectively and the road to compensation. INTRODUCTION With the enactment of the Employee Compensation Act 2010‚ the prospects for the Nigerian Worker to be adequately compensated should there be injury at work became very glaring
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This paper will examine setting the stage for strategic compensation and bases for pay. There are three main goals of compensation departments: internal consistency‚ market competitiveness‚ and recognition of individual contributions. Internally consistent compensation systems define the relative value of each job among all jobs within a company. (Martocchio‚ pg. 22‚ 2011) With this system companies want employees to be paid more based on their qualifications and responsibilities. They believe
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The Effects of Contextual Cues on Visual Categorization Ken Sim Department of Psychology‚ Department of Engineering National University of Singapore 2012/2013 Semester 1 The Effects of Contextual Cues on Visual Categorization Zi Yang Ang‚ Yan Ting Chan‚ Ken Sim‚ Chaoqian Chen‚ Yu Chen‚ Mayank Ashok Jain Department of Psychology‚ Department of Engineering National University of Singapore 2012/2013 Semester 1 Abstract “Do you spot the animal faster than the bird?” Ever since
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exchange for job performance and commitment‚ an employer offers rewards to employees. Adequate rewards and compensations potentially attract a quality work force‚ maintain the satisfaction of existing employees‚ keep quality employees from leaving‚ and motivate them in the workplace. According to research conducted by the Corporate Executive Board‚ the most important workplace attribute is compensation‚ (The Increasing Call for Work-Life Balance‚ 2009). Not only must wages be set high enough to motivate
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as “an offense carried out by non-coercive‚ nonviolent means‚ and using or utilizing an acquired skill or technology to perpetuate a fraudulent scheme” (Rosoff 15). One particular form of White Collar Crime is worker’s compensation fraud. One example of workers’ compensation fraud was reported on by ABC News and involved Bruce Gilbert‚ a bus driver who “talked like a five year old‚ a problem his wife blamed on an ‘on-the-job’ accident” (Hunter). Gilbert’s wife claimed that her husband suffered
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workforce planningBUSINESS VALUE GUIDE VOLUME 5 COGNOS PLAN-TO-PERFORM BLUEPRINTS HEADCOUNT & COMPENSATION PLANNING Headcount and Compensation Planning helps corporations manage cross-enterprise employee headcount‚ compensation‚ and benefit costs to align departmental decisions with corporate objectives. Employee-related costs often comprise the greatest share of corporate operating expenses. It is no surprise that executive management focuses on controlling employee expenses in every
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