Nobody downloaded yet

Journal Article Research and Analysis - Essay Example

Comments (0) Cite this document
Summary
In the current business environment organizations are striving to gain and maintain an edge over their competitors developing superior marketplace position. Such competitive advantage can be reached if an organization succeeds in managing its employees effectively (Deb, 2009)…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER92.1% of users find it useful
Journal Article Research and Analysis
Read TextPreview

Extract of sample "Journal Article Research and Analysis"

Download file to see previous pages Heneman (2002), states that for human resources compensation is the prime source that enables companies to attract and retain talents, thus the compensation management is a critical component of human resource management and of the entire organization.
The importance of compensable factors, such as knowledge required by position and skills requirements, problem solving and accountability (Jones, Steffy & Bray, 1991) are dictated by the complex decisions that executives should make in order to positively impact company’s recruitment and retention efforts and to reach organizational goals. Therefore, choosing a compensation strategy is one of the main human resource decisions made by any organization. The development of such strategy is highly important because it promotes employee recruitment, retention, motivation and good performance thanks to the set of offerings that a company makes. However, not every organization compensates its employees or uses compensation strategically. While wages and benefits policies are used without strategical intentions, compensations instead are aimed to improve morale, reduce employees’ turnover and help achieve targets within an establishment (Das & Baruah, 2013). However, as stated by Hong, Hao, Kumar, Ramendran and Kadiresan (2012), compensation is not one of the main factors that impact the employees’ turnover despite being a critical factor in reducing managerial turnover. When determining the compensable factors, the developers should consider such policy choices as internal alignment, external competitiveness, employee contributions and the management of the pay system. As internal alignment deals with the pay relationships within the organization, it dictates the level of skills and knowledge that are needed, thus the compensation and benefits programs are granted for the special set of such skills. As companies are facing severe competitiveness, they should offer applicants such compensation packages that ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Journal Article Research and Analysis Essay Example | Topics and Well Written Essays - 750 words”, n.d.)
Journal Article Research and Analysis Essay Example | Topics and Well Written Essays - 750 words. Retrieved from https://studentshare.org/human-resources/1692746-journal-article-research-and-analysis
(Journal Article Research and Analysis Essay Example | Topics and Well Written Essays - 750 Words)
Journal Article Research and Analysis Essay Example | Topics and Well Written Essays - 750 Words. https://studentshare.org/human-resources/1692746-journal-article-research-and-analysis.
“Journal Article Research and Analysis Essay Example | Topics and Well Written Essays - 750 Words”, n.d. https://studentshare.org/human-resources/1692746-journal-article-research-and-analysis.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
sponsored ads
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.

Let us find you another Essay on topic Journal Article Research and Analysis for FREE!

Contact Us