Internal and External Equity Comparison HRM/324 02/11/2013 Internal and External Equity Comparison Compensation packages are one of the most valuable pieces of the puzzle when an organization creates a program designed to attract and retain suitable employees. A well designed compensation package can ensure that employees are not only attracted to beginning work at an organization‚ but are also willing to stay within a corporation over time. A higher retention rate for employees can increase
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doubt that employee compensation‚ which according to Dessler refers to all forms of pay or rewards going to employees‚ is the crucial factor in employee motivation. There are different two types of compensation: direct and indirect compensation. Direct compensation refers to monetary benefits offered and provided to employees in return for doing their job. The most common forms of direct compensation are wages‚ salaries‚ incentives‚ commissions and bonuses. Indirect compensation refers to pay in the
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Assignment Five College Athletes and Compensation Professor Adam Lawrence Strayer University June 9‚ 2013 PART I: PROBLEM The goal of this paper is to focus on evidence that college athletes‚ specifically‚ football players should be compensated for the talents they demonstrate on the field; for many reasons. It is well documented that college presidents‚ coaches‚ athletic directors often think of athletics as the “front porch” of their campuses (Weaver‚ 2011)‚ as it relates to college
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Non Financial Compensation "Satisfied minds perform well" .Non Financial compensation which is not in the form of direct pay has great influence on employees motivation‚ performance and job satisfaction. Time is as precious as money and that encouraged many employees to request for a flexible benefits like flextime‚ compressed work week‚ telecommuting‚ part time work‚ job sharing‚ modified retirement. According to a nationwide survey of U.S. workers release by Gallup Organization and
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Career Development Plan IV Compensation InterClean is entering a new strategic target and upper management has asked for a proposed compensation plan purposely for the new sales team. Recommendations for the new compensation plan will be submitted to the human resource department manager for endorsement. The foundation of the new compensation plan was developed after reviewing the job analysis‚ training program‚ and performance management plan. The plan includes a description of the prepared proposal
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always wanted or an extracurricular activity‚ allows us to feel as though we belong. We as humans put in that extra effort to shine in our particular fields in which we find enjoyment. As a result‚ we sometimes look for compensation for the extra effort we pour into it. This compensation or “award” that we look forward to is not always given to us; therefore‚ our passion for that dream job begins to fade. The type of scenario could be applied to the NCAA and their refusal to pay professional college
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A Benefits Package Designed for Whom? Wayne McGraw is a recruiter for Beco Electric‚ he is going to interviewing Robert Peters a 22 year old candidate. Robert has a 3.6 grade point average with a 4.0 in his major which is industrial management. Wayne feels he would be an excellent addition to the company. Wayne thinks of all the companies benefits‚ Robert will like the education benefits the best‚ full tuition and full books paid plus being flexible with class schedules. Wayne also thinks
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Compensation Practice Lisa McCaulley Prof. Lezlie Banks BUS409 Compensation Management November 2‚ 2013 Company Description Owens-Corning (NYSE: OC)‚ a Fortune 500 Company for the last 59 years was established in 1938. They are a leading global producer of residential and commercial building materials‚ glass-fiber reinforcements and engineered materials for composite systems. OC is celebrating it’s 75th anniversary in 2013 and has over 15‚000 employees in 27 countries on five continents
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the retail chain market. The company is organized into two main departments: the bag-making and maintenance departments. Plastco’s classical managerial style heavily influences the company’s culture and values‚ employee and labour relations‚ and compensation system. The maintenance department staff ensures the bag-making machines are regularly serviced and maintained in proper working condition. But it is the bag-making department where Plastco is experiencing poor employee relations and low job satisfaction
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Running head: TECHNOLOGICAL DEVELOPMENTS IN THE PACKAGE DELIVERY INDUSTRY Technological Developments in the Package Delivery Industry University of Phoenix MBA 501 December 5‚ 2005 Technological Developments "Moving eight miles a minute for most of the time"‚ while these are lyrics to a song by Bob Seger‚ these words could describe a package ’s experience being shipped by one of today ’s leading package delivery companies. How these companies have used technology to improve their services
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