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

Employee Compensation and Benefits - Assignment Example

Comments (0)
The purpose of this employee compensation and benefits package is to provide all the components of compensations and benefits of a secretary in a HR department of an organisation in Germantown, Maryland. The main components of the employee compensation and benefits include…
Download full paper
Employee Compensation and Benefits
Read TextPreview

Extract of sample
"Employee Compensation and Benefits"

Download file to see previous pages In this case, subordinates like a secretary earns within the lower range.
The wages will be paid every Sunday of every week and the amount of wages per worker will be reviewed annually based on the prevailing inflation rates of the country, performance measures and amount of profits earned in the company (Trani, 2003).
Bonus payments will be paid to employees who perform exceptionally. The secretary will therefore earn a bonus if customers provide a positive feedback about her. Performance management system of the company will appraise the performance of the secretary annually and provide bonuses based on the performance rankings and ratings. The bonus will be provided in cash basis determined as a percentage of salary. The bonus is paid based on appraisal of the employee’s performance in terms of the speed of performing tasks, level of organisation during employee training, and how the secretary treats applicants when they come for interview.
The employee benefits of the secretary will include healthcare benefits, disability insurance and retirement benefits, and will be paid to the secretary just like any other employee of the organization.
2.5 percent of secretary’s weekly wages will be deducted to cover for monthly premium of the employee’s healthcare and the remaining amount of monthly premium is paid by the business to cover for the secretary’s healthcare benefits (Goldman et al, 2005).
If the secretary is not able to work on a short term basis due to disability, the business provides 50% of income (pre-disability wages) as part of her benefits package. This is based on the requirement of the Bureau of Labor Statistics’ fixed percentage earnings which requires 50%-70% of employee’s predetermined salary to be paid as disability insurance (Bureau of Labor Statistics, 2013). This will be paid every ...Download file to see next pagesRead More
Comments (0)
Click to create a comment or rate a document
Designing Compensation Systems and Employee Benefits
Knowledge, skills and abilities are usually measurable in some way, specific and are easily documentable. Knowledge, skills and abilities are usually demonstrated through education, previous experience, and training (National…). Job analysis documents and establishes the job relatedness of procedures used in employment such as training, compensation, performance reviews, and the initial hiring process.
6 Pages(1500 words)Assignment
Compensation Practice
It provides financial services starting from investment to corporate banking and equity execution services. In United States it has about 57 million customers and small businesses, which enjoys services from approximately 5,700 retail banking offices and almost thousands of ATMs spread all across the country.
6 Pages(1500 words)Assignment
Employee Reaction
There are also other factors which in this case include the economy, which also have to be factored in (WorldAtWork, 2007). additional
1 Pages(250 words)Assignment
Ethical and Legal Problems & Employee Benefits
The plan allows employees to become shareholders or owners of a company. This gives them extra responsibilities, hence attracting a certain set of ethics and legislation (Lawrence, Weber, Post, 2005).
2 Pages(500 words)Assignment
Compensation Plan Outline
A total package of compensation may contain several components. Compensation plans mainly refer to all these components and the mode of payment and the purpose in which employees receive
4 Pages(1000 words)Assignment
Employee benefits
The company is committed to providing its staffs with safe and healthy working conditions and adherence to its general announcement to Human rights as well as other recognized labor Practice norms. Some of the employee
5 Pages(1250 words)Assignment
Compensation Plan Outline
Additionally, to prosper in the factors of competition against its competitors, Safaricom cognitively explores various channels and strategies to engage the employees accordingly in delivering quality and
6 Pages(1500 words)Assignment
Workers compensation claim
Workers compensation is an insurance that provide medical benefits and wages replacement to any employee injured in the course of employment. In the situation of an accident or an injury, the employer
3 Pages(750 words)Assignment
Assignment 5: Employee Compensation and Benefits
It presents a narrative on a compensation package for a secretary. In conclusion, the paper examines the different factors, which aids in developing a comprehensive compensation
6 Pages(1500 words)Assignment
However, for that to happen, certain conditions must obtain. First, the system must be deemed fair and based on merit. There must be in place a system against which employee performance is measured and that system must be well-understood by the employees. 87.5% of the
8 Pages(2000 words)Assignment
Let us find you another Assignment on topic Employee Compensation and Benefits 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