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Communicating total rewards - Essay Example

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Compensation is viewed as one of the major drives towards employee or staff delivery. Based on this, it is necessary to ensure the development of compensation and benefit scheme covers…
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Communicating total rewards
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Download file to see previous pages This paper will develop compensation and benefit for a compensation package for production firm. The package to be developed will be for the operations manager’s position. It is necessary note that this is one of the most critical positions in any organization. This is because the office holder is involved in both management and implementation activities of the organization.
Operational manager’s position is sensitive position hence the need to give it much consideration. Due to this, the compensation and benefit package for this position must include key elements like allowances to help the office holder manager other social issues. A well developed compensation and benefits package for the position of operational manager in any production firm must take into account the fact that the position is involving. This implies that the office holder will be forced to for go certain social elements such as family time which must well covered by the package (Cotterman, 2010). Although some of the social and personal sacrifices the holder of this position will be making are beyond any monetary tag, a good package should make the office holder feel appreciated to steer real motivation.
Every item listed in this package touches on the office holder’s well being or motivation towards accurate delivery. The basic salary in this situation is the starting point of any package. However, it is very important to take note of the fact that basic salary is developed or decided based officer holder’s skills and experience plus the job description. This implies that the basic salary must be reasonable on the basis of job description. Employers or the people concerned with the development of this packages must ensure the officer holder doest receive much and does little according to the job description and vice versa. Basic salary setting or development should always be accurate. This is due ...Download file to see next pagesRead More
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