Assignment 5 – New and Improved Rewards at Work Casandra Reynolds HRM 533 Total Rewards December 15‚ 2013 Dr. Lila Jordan Determine how innovations in employee benefits can improve the overall competitive compensation strategy of the organization. A competitive organization understands the need for a skilled and loyal workforce. In order to attract and retain top talent‚ many organizations offer innovative and creative employee benefit packages. It enhances an attractive salary and
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COMPANY POLICY Table of Contents Introduction About the Company Hours of Operation/Work Schedules Telecommuting Attendance Policy Leave of Absence Policy Family Medical Leave Pay and Compensation Overtime Vacation Holidays Personal Days Sick Days Funeral Leave Jury Duty Military Reserve Duty Health Benefits Flexible Spending Accounts Equal Employment Policy Termination Drug and Alcohol Policy Safety Policy Workplace Security Policy Dress Code Policy Smoking Policy
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In some cases‚ this can save companies money because they do not have to pay travel expenses. When employees use technology for telecommuting‚ they can work in the comfort of their home instead of traveling to a workplace. Benefit: Saving Time Technology can decrease the time it takes to accomplish a task‚ which can ultimately save money and increase productivity. Communication speed also increases. Instead of sending a message by postal mail‚ using email or fax can deliver it instantaneously
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Compensation: The Increase in Turnover Rates and De-motivated due to Low Compensation Name(s): Sukhraj Bhangoo‚ Nida Aamir‚ Warda Shafiq‚ Course: HRM2600 Date: Novemeber 12‚ 2010 Compensation is a form of pay and rewards received by employees on the basis of their performance. Compensation divides into two parts: direct and indirect compensation. Direct compensation includes employee wages and salaries‚ incentives‚ bonuses‚ and commission. Indirect compensation includes
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The Impact the Virtual Workplace has on the World Today U05a1 Jonnette Ott Jonnette_ott@yahoo.com BUS 3004 Developing a Business Perspective August 11‚ 2010 Introduction Telecommuting plays an important role in today’s changing business world. Because we have the virtual workplace such as the internet‚ we have begun to cut out and replace the workplace environment such as cubicles‚ and office buildings. The above statement mentions replacing the workplace environment by cutting
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absenteeism or turnover. What are the three major ways that jobs can be redesigned In your view‚ in what situations would one of the methods be favored over the others? What are three alternative work arrangements of flextime‚ job sharing‚ and telecommuting? What are the advantages and disadvantage of each? Flextime—This is a system wherein employees choose their starting and quitting times from a range of available hours. These periods are usually at either end of a “core” time during which most
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presentable 2. That the Management Team is filled with leaders who know how to keep the organization and the employees satisfied 3. Building Job Satisfaction by adhering to employees when possible 4. Creating Flexibility by allowing job sharing‚ telecommuting or even compressed work weeks 5. Implementing a Rewards System for employees 6. Constructing Empowerment by displaying trust within the workforce 7. Redesigning Jobs by utilizing job rotation‚ enlargement‚ etc. If these strategies are implemented
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or equitability‚ based on what they see around them. Our perception is an input to outcome ratio. 8. The key motivation techniques are Management by objectives‚ job enrichment‚ behavior modification‚ flextime‚ Part time work and job sharing‚ telecommuting‚ employee empowerment‚ and employee ownership. Management by objectives is a motivation technique in which managers and employees collaborate in setting goals. Job enrichment is a motivation technique that provides employees with more variety and
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employees as they do recognize that the best asset they have is their people. Large organizations‚ and most health care organizations are‚ also identify a clear correlation between stress levels among their employees and the levels of absenteeism and productivity. It is also of note that in health care‚ most employees are women who traditionally and culturally have taken on the caregiving roles associated with parenting and caring for elderly. Most women in today’s society also cannot afford to assume
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A proper flexible organization provides its work force arrangements where employees are given greater freedom to balance their work and personal commitments such as family‚ higher education‚ community activities‚ religious commitments‚ professional development‚ and general interests. Above is Atkinson’s model of a flexible firm. He argued that firms increasingly seek 4 kinds of flexibility functional‚ numerical‚ pay‚ distancing. Functional flexibility is a qualitative approach to work‚ and
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