focus of the internship was on Human Resource Department of L&T Power. The report contains various functions like Learning and Development‚ Recruitment‚ Performance Appraisal‚ Statutary Compliances‚ Employee Engagement‚ Employee Benefits‚ Compensation and Manpower Planning/ Budgeting
Premium Human resource management Employee benefit
Compensation Package 1. Establishing a pay range a) Job: Income Support Worker b) Job Class: The job class for the income support worker is: Community Worker or Social Services Worker (NOC 4212) c) Rate Range: The industries rate range for the job class is as follows for Edmonton‚ Alberta: Low wage per hour: $14.00 Average wage per hour: $18.40 High wage per hour: $ 37.69 According to the latest figures for Canada the highest average wages are earned in Windsor‚ Ontario at $22.04
Premium Employee benefit Wage Employment
Question: “If employee undervalue the cost of benefit‚ why should a company not drop benefit and simply add more direct compensation” Do you agree or disagree with this statement? Explain using relevant organizational examples. CONTENTS 1. Introduction 3 2. Findings and Analysis 2.1 What is employee benefit? 4 2.2 What is compensation?---- Critical analysis of compensation components and its function in an organization? 6 2.3 Total Reward Management
Premium Maslow's hierarchy of needs Employee benefit
1. The importance of employee benefits as a strategic component of fulfilling the goals of human resource management is to find‚ attract‚ and retain quality employees (DeCenzo & Robbins‚ 2009). Treating employees with respect‚ offering bonuses‚ rewards‚ on site lunches‚ etc. helps keep employees happy‚ and loyal. The main purpose for employee benefits is to find qualified candidates to fill positions‚ and want to stay within the company. Without offering employee benefits‚ employees wouldn’t remain
Premium Employment Management Human resource management
compensation and benefits package which includes medical‚ dental ‚ tuition reimbursement program travel compensation vision‚ dental‚ life insurance;; and credit union membership The average salary for senior communications analyst jobs in Scottsdale‚ AZ is $67‚000 depending on the size and age of the company ("Simply Hired"‚ 2012). Providing a comprehensive and attractive medical benefit package is tough with today’s medical insurance premiums. HMO’s are generally the most popular medical benefits used in
Premium Employment Employee benefit Health care
For The People Child-Care or Elder-Care Benefits for Company Employees Prepared for Mrs. Marcia Gunter English and Literature Department Seneca College – Markham Campus Markham‚ ON L3R 5Y1 Prepared by Matthew R. Paul Seneca College – Markham Campus Markham‚ ON L3R 5Y1 July 26‚ 2013. 18 Rosscowan Crescent Toronto‚ ON M1W 1K6 July 26‚ 2013. Marcia Gunter English and Literature Department Seneca College – Markham Campus 8 The Seneca Way Markham‚ ON L3R 5Y1 Dear
Premium Employee benefit Childcare Day care
improve quality of life‚ enhance personal effectiveness‚ and benefit the organization’s bottom line” (Berry‚ 2010). This definition covers the relevant components of all-inclusive wellness programs. Companies want to gain benefits of wellness programs while avoiding problems. BENEFITS Higher Productivity results in an elevated level of output by employees taking advantage of wellness programs. Higher employee morale and loyalty build employee trust in management and create a positive work environment
Premium Occupational safety and health Health care Workplace wellness
Total Rewards System Walter Clay University of Phoenix MGM 570 Employee Motivation and Compensation Mr. Foy Wallace 13 November 2006 Introduction Motivating the individuals that work for you is one of the most important functions that you will have as a manager. (People Skills‚ 2006) Simply stated getting employees to do the things they were hired to do is probably the biggest challenge a manager will face. You will always have individuals who will work their hardest for
Premium Reward system Motivation Employee benefit
Case You are the internal audit senior responsible for conducting an assurance engagement of the XYZ Company payroll process. This process has not been audited for three years and‚ as such‚ is due in the normal audit cycle. There have been no significant changes since the previous audit‚ that is‚ there were no system changes‚ no reorganization of personnel‚ and no substantive procedural changes. However‚ during the last assurance engagement‚ the internal audit function identified several observations
Premium Employee benefit Wage Risk
Introduction 1.1 Origin of the report: This report is prepared to fulfill the partial requirement of the term paper for Human Resources Management (EH-702) program as subject of the EMBA program of The Banagladesh University of Professionals. In today’s highly competitive global business environment‚ organizations need to aggressively compete for new markets‚ products‚ services‚ and top human talent in order to develop and sustain competitive advantage in the business world. As a leading textile
Premium Human resource management Employee benefit Employment