Strategic Compensation and Bases for Pay 1. Describe the three main goals of compensation departments. The first goal in the compensation department is to attract and retain the best possible work force considering the resources of the organization‚ internal consistency. Internal consistency supports work flow‚ fairness and directs behavior toward organization objectives. It also consists of job analysis and job evaluation. Job analysis “is a systematic process for gathering‚ documenting‚
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Compensation and Benefits HRMT311 Sect. 841 Assignment 1: Compensation System Comparison between McDonald’s & Walmart Canada Executive Summary This assignment compared and contrasted compensation programs of McDonald’s and Walmart Canada. It look at the Philosophy‚ Base pay‚ Short term and Long Term cash incentives‚ indirect compensation benefits and Recognition programs. The Philosophy of McDonald’s is “Pay for performance” while Walmart promises a lot of career opportunities. McDonald’s
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Compensation Final Exam Study Notes What are we aiming for? What is our end result in compensation? What do these lines represent? $ mid or CTL Points Lines represent competition ‚ also indicated other strong compeitiors in the market competition is who is steeling your good works Adjusting Survey Data- Weighted Averages | Check excel doc.! | | | | | | | | | | | | | | | | | | | | Admin Support 1 | | | | | | | | | | | | | | | | | | |
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Employees Behavior Topic #15 / Critical Thinking Ethical Dileema-Is Corporate Monitoring of Employee Behavior Outside of Work Going Too Far? I chose option #1. Organizations should stay out of out personal lives‚ when we are not at work. There are privacy laws that are in place to protect our privacy. This is a very touchy issue to confront‚ as-well-as a legal issue. Everyone is entitled to their privacy. There are thinner people and non-smokers that are not healthy and they will also cost
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Recommendation of a new Compensation Program I am the new Vise president of benefits for R & J Mortgage Company. I am recommending a compensation program that will hopefully retain our employees and offer those benefits that are better then other companies. It is my responsibility as compensation and benefit specialist to conduct market pay studies‚ these studies determine what jobs that our company should pay‚ what benefits and incentives are appropriate. I start with a clearly define job description;
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what happen with employees at Devil;s Den. There are many problem happening at Devil’s Den‚ employees get free food during working period‚ customer steal food at the canteen‚ also employer steal money from shop counter and no one take action on it as well. Moreover biggest problem is no one actually care what happen at Devil’s Den‚ none of employees do not care of losing their job because the lack of rules‚ also responsibility to the business. Key problems Start of employees allow their friends
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Organizational Objectives and Total Compensation in Different Markets University of Phoenix HRM/324 Total Compensation July 25‚ 2011 As a human resource consultant a client has asked me to explain how certain laws and regulations affect total compensation in his organization. The compensation laws are defined in order to create non-discrimination in the compensation provided to employees in the organizations. I will help in explaining the laws and regulations. The compensation laws and regulations are
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The person whom I Interview is Bill Gay. Bill told me a person who had a tremendous impact as him as a leader. I’ve also asked Bill about what was the most important act important to be a leader. Would be Bill encourage creative thinking for his employees. Bill’s first job was at the YMCA where he learned all his leadership. Another work place is at the police department‚ then the MTA (Metropolitan Transportation Authority). Lastly he did volunteer work at a graffiti removal. His relation to his daughter
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Obstacles faced by SMEs in recruiting employees in international market Introduction Selecting and recruiting an employee is always an important goal for an organization because hiring an effective and efficient person makes a beneficent addition to the company. As the world is getting more global‚ organization are spreading their business in international market. And when an organization enters a new market its first goal becomes to select a team that knows the culture of the market well. Big
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don’t feel that the performance-based compensation for senior executive’s module is effective in the executive’s realm in every situation‚ in some companies it works and others it does not‚ it all depends the companies systems that are in place. As one article stated and I agree performance based compensation works best for routine job responsibilities such as the supervisors and lower hierarchy positions. This is a tool that can definitely motivate routine employees to work harder and strive for higher
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