We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

HR590: Compensation Decisions - Essay Example

Comments (0) Cite this document
Summary
Your job now is to pull together all the information you’ve completed so far in class and make salary decisions for your team. You have completed Cathy’s evaluation and received assignment feedback. …
Download full paperFile format: .doc, available for editing
Polish This Essay91% of users find it useful
HR590: Compensation Decisions
Read TextPreview

Extract of sample
"HR590: Compensation Decisions"

Download file to see previous pages Calvin, 28YO black male with 9 months service. Calvin is a real go getter. He hasn’t been with the company long enough to earn a higher rating, but his work is outstanding, high skill set and is looking to stay with our company for a career. A4 $26,500 94.6% 4 1500.00 500.00 Substantiation and Risk Analysis: With the short period of time the man has been with the company, he has shown higher than average skill sets and is valued as a long term investment. However, having only been at the company a short time, his salary can warrant no more than capping at this time and an equal portion of the appraisal rated bonus money. Jane is a 32YO white female with 12 years’ service. Jane joined the company as an A3. Her work is satisfactory, nothing to brag about, but she’s been with the company awhile and can be dependable. A3 $19,100 86.8% 3 700.00 200.00 Substantiation and Risk Analysis: Due to dependable service, Jane must be compensated, but not past 90% pay scale, as this would leave little incentive for improving overall performance. Beth is a 64YO Asian female with 41 years’ service. Beth stated she would probably retire this year, but has yet to turn in her paperwork. She’s had a history of higher ratings, but her ratings have slipped over the last 6 years. A3 $19,700 89.5% 3 100.00 200.00 Substantiation and Risk Analysis: Because her ratings are slipping, her performance does not justify an increase of her salary grade, which might have happened had she shown better overall performance. An increase that meets her maximum pay scale provides incentive to go ahead and retire, which may benefit the company as her position can then be given to someone who has a longer future potential with company and more enthusiasm...
Be sure to carefully review the information provided. You may simply type in the cells as the text will automatically wrap. You are required to:
1. Enter Cathy’s appraisal rating (she is last on the list);
2. Within your budget dollars, make your salary decisions based on performance for your team taking into consideration their Salary Grade and the Pay Ranges identified for the Salary Grades (fill in the Salary Decision Column);
3. Within your budget dollars award bonus money (fill in the Bonus Dollars Column);
4. In the green line areas, provide your substantiation and risk analysis for the salary decisions made; and
5. Identify any items from this scenario in whole you may want to address.
Evaluation ratings are 1 = Needs Improvement to 5 = Exceeds Expectations
Salary Budget: $9,000
Bonus Budget: $5,000
Company Designated Salary Pay Ranges
A2 = $12,750 – 17,000
A3 = 16,500 – 22,000
A4 = 21,000 – 28,000
Employee compensation and decision making
The total amount of increases comes out to a total of 8760.00. Two criteria were used to assess the percentage of the increase. Due to the budget, the increases were at twice the percentage of the review appraisal rating, such as a rating of 5 = 10%, 4=8%, 3=6% and 2=4%. The notable exception were those who only had a rating of 3 were given increases that brought them only up to the 90% pay scale as a merely adequate performance does not rate a pay scale that exceeds the 90% level. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“HR590: Compensation Decisions Essay Example | Topics and Well Written Essays - 2000 words”, n.d.)
Retrieved de https://studentshare.org/business/1390853-human-resources
(HR590: Compensation Decisions Essay Example | Topics and Well Written Essays - 2000 Words)
https://studentshare.org/business/1390853-human-resources.
“HR590: Compensation Decisions Essay Example | Topics and Well Written Essays - 2000 Words”, n.d. https://studentshare.org/business/1390853-human-resources.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Compensation Practice
Traditional companies were very much concerned with productivity and the only means was to achieve it was focusing on the job rather than employees. Use of punishment was considered vital in enabling workers to work hard thus improved productivity but with advent of enhanced technology and human relation movements, organizations have realized the need to treat their employees as the most valuable assets and developed more humane measures of dealing with employees.
6 Pages(1500 words)Essay
Decisions, Decisions, Decisions
However, his process for reaching his decision was flawed by fallacy. The available heuristic he used led him to believe that all Volvos were junk by the anecdotal fallacy (The Fallacy Files 2007). His brother in law possibly complained vividly and often about the quality of the car and that information stood out in my supervisor's mind.
2 Pages(500 words)Essay
Decisions
One culture could make a certain decision and another culture, under similar circumstances, could take an opposite decision according to the influence of its own culture. The essay will be on the decision making diversities and on programmed and non-programmed decision making and how diverse cultures could affect this process, taking United States and Japan as opposite cultures.
6 Pages(1500 words)Essay
CEO Compensation
In 2000, it was 531 times. These facts were made the basis of a question whether or not the CEOs of the United States of America are overpaid. The salaries and other benefits received by CEOs depend upon a number of factors. These include the size of the
2 Pages(500 words)Essay
Executive Compensation
Obama was, for instance, seriously threatened when he was linked to Franklin Raines, the former Fannie Mae CEO , who was reportedly compensated $90 million from 1998 to 2003. Understandably, this is an important issue in America amidst the ongoing financial recession wherein
7 Pages(1750 words)Essay
Compensation & Benefits
Compensation and benefits play an essential role in attracting new employees and retaining old employees of the company. The employees
15 Pages(3750 words)Essay
Compensation
For instance, Microsoft also offers these compensation packages with bonuses built in for innovative design. Essentially the Facebook approach to compensation offers employees wages that are commensurate with those
2 Pages(500 words)Essay
Compensation System
Compensation systems changes from one jurisdiction to another. When establishing a business in a new place, the employer should be familiar with the compensation systems. The compensation
2 Pages(500 words)Essay
Compensation
Maslow’s theory states that an individual is usually motivated when he or she is under pressure to achieve certain needs and when these needs are achieved, they stop becoming motivating factors and the individual focuses on
3 Pages(750 words)Essay
Compensation Management
And as from its official website, the corporate has over 16,000 staff United Nations agency need. The management of Edison International has determined to adopt the balanced compensating record book when reviewing the
6 Pages(1500 words)Essay
Let us find you another Essay on topic HR590: Compensation Decisions for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us