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.
Nobody downloaded yet

Compensation Management - Essay Example

Comments (0)
Edison International, through its auxiliary, is a distributor and generator of electrical power and a shareowner in infrastructure and power assets, also as renewable energy. Headquartered in Rosemead, California, Edison International is the mother corporation of Southern…
Download full paper
Compensation Management
Read TextPreview

Extract of sample
Compensation Management

Download file to see previous pages... resentation that was bestowed to them by me on the employment of the compensation system and the way it may advance the overall productivity of the corporate
Compensation is the full of all rewards provided to the workers reciprocally for his or her services. The general functions of providing compensation are to draw in, retain, and inspire staff (Tropman, 2001). This includes:
Indirect money compensation system that comprises a theme as well as all money rewards that aren’t enclosed in direct compensation and may be understood to create a part of the agreement between the leader and worker like benefits, leaves, retirement plans, education, and worker services
I had projected to the corporate management to adopt the indirect money compensation system in enhancing their productivity of the company. The projected compensation system is meant to support the organization’s business strategy and to adapt to the social, competitive, and regulative pressures within the atmosphere (Gibbon, 1978). The eventual purpose is to achieve and sustain competitive advantage. Completely different business ways translate into different compensation approaches.
A compensation system is a scheme that is premeditated to establish quantity of pay given the many workers in an organization. A compensation system includes many diverse choice processes, guidelines, and rules for formative pay level and pay arrangement. Here are the different elements of an indirect compensation system.
A vital element of each compensation and choice systems, job competency profiles outline in writing the responsibilities, needs, skills, functions, duties, location, atmosphere, conditions, and different aspects of jobs. Descriptions could also be developed for jobs separately or for entire job families (Daft, 2007).
Job analysis techniques embody the utilization of interviews, questionnaires, and observation. Job analysis could be a system for comparison jobs for the aim of crucial acceptable ...Download file to see next pagesRead More
Comments (0)
Click to create a comment or rate a document
Emirates Airlines
As the paper declares the combination of business, savvy investment and ambition have memorably set the base and created a new wave of brands. In the last decade, Emirates airline has grown tremendously and a series of advancement has propelled its growth and hence becoming the most respect airline brand globally.
7 Pages(2750 words)Essay
Management - Compensation Methods
People like to work for such companies, which value the employees’ efforts by implementing appropriate compensation and benefits packages for their employees. There are many types of employee benefit programs, which companies use to motivate their employees.
3 Pages(750 words)Essay
Management Compensation Research Paper
In the contemporary corporate world, compensation is perceived as a measure of justice; an outcome of productivity. Management compensation is a means of enhancing the balance of work-employee relation by the provision of financial and nonfinancial gains to employees.
6 Pages(1500 words)Research Paper
Performance and compensation management-Annotated bibliography
Johnson, Liway & Shields, John, Lessons from management-union partnership in teacher performance appraisal in the New South Wales public education system, International Journal of Human Resource Management, 18:7 July 2007, p.1214-1227 This article focuses on performance appraisal – a key component of human resource management.
4 Pages(1000 words)Essay
Compensation and benefits management
Nowadays humans are considered as one of the most important assets required to carry out the tasks effectively and efficiently. Among many techniques which companies utilize to attract the potential minds, keep and encourage its people is Compensation and Benefits Management (Zingheim and Schuster et al., 2009).
5 Pages(1250 words)Essay
Human Resource Management Compensation
His career growth has been rapid and his future prospects are great. I have put together a comprehensive package based on industry standards aligned closely with the company policy. His base salary offered will be $85,860 and is approximately an increase of 18% over what he is currently getting.
5 Pages(1250 words)Essay
Management - employee compensation and organization
External environment is the source of extrinsic rewards and they have value in countries with no social security but have high power distance culture (Buelens et al., 2006, Pg. 232). Intrinsic rewards depends on the employee's job satisfaction and are more prevalent in low power distance countries having good government support(Buelens et al., 2006, Pg.
2 Pages(500 words)Essay
Human Resource Management - Compensation, Benefits, Incentives
They will consider benefits and incentives and if they find them justifiable with the lower baseline, they will see that these benefits and incentives actually add to the baseline pay. Therefore, I believe do NOT
2 Pages(500 words)Essay
Performance compensation management
On part of the managers, they should be well-versed with all their legal obligations toward workers. The article then goes on to offer valuable guidelines for managers for being able
2 Pages(500 words)Essay
Compensation Management
Learning about labor law and its clauses, which ensure equality in every organization, is very important. Also, it is useful to know which US federal law has empowered women and all genders
1 Pages(250 words)Coursework
Let us find you another Essay on topic Compensation Management for FREE!
Contact us:
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