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Compensation - Coursework Example

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The company retail stores and internet services are a multinational company operating in US. The company specializes in retail stores and internet services. The company…
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Extract of sample "Compensation"

Download file to see previous pages This discourse delves into analyzing these problems in addition, recommends solutions that the management needs take to sort out the problem. It is crucial for the management because the modern economic environment poses additional problems that would make the situation complex.
Several questions concerning compensation of employees at the workplace generate complex answers. Among them, who handles employee compensation, what it entails, as well as why it is necessary for employers to carry it out (Mizell, 2010). This discourse delves into explaining the definition of employee compensation, its elements, ways through which institutions comprehend the needs of users, and reasons explaining the need for compensation. Mainly, the paper deals with ethical and legal issues pertaining to compensation a person while discharging his or her duties. The biggest question surrounds appropriate issues to consider while undertaking employee compensation. Is it legal and ethical for organizations to remunerate employees while they discharge their duties? What components should the institutions consider while setting standards of remuneration? What aspects of compensation are acceptable both ethically and legally? In the process, various theories assess whether the employees have any privacy over what they earn at while at work.
Many issues exist to support the privacy of employees terms while at work. However, opposing stands on organizations granting rights to employees are equally strong. The development of technology leads to the need to create new rules with the best example being the U.S postal system. The type of employer also carries the potential to determine the protection extended to employees. While legal issues relating to employee compensation come under extreme assessment, the same issue raises many ethical questions that the discourse will address in detail. To keep an efficient and safe work ...Download file to see next pagesRead More
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