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

The Compensation and Benefits System of Holland Enterprises - Research Paper Example

Comments (0) Cite this document
This paper analyzes the compensation and benefits system of Holland Enterprises and the effect of compensation and benefits system of the firm. Also, the report analyzes whether compensation and benefits system is important in attracting and retaining employees or not…
Download full paperFile format: .doc, available for editing
Polish This Essay97.3% of users find it useful
The Compensation and Benefits System of Holland Enterprises
Read TextPreview

Extract of sample
"The Compensation and Benefits System of Holland Enterprises"

Download file to see previous pages Compensation and benefits system do not only include the rewards and benefits given by the organization in monetary terms but non-monetary rewards like health insurance, vacation, sick leave etc are also included in it. Increasing the compensation and benefits could increase the motivation of employees but from the perspective of organization it could increase the cost and thus reduce the profitability, therefore, human resource department should come up with a system that ensures a healthy and constructive environment is built and maintained and at the same time profitability of the organization is not hurt. Compensation and benefits offered by the organizations should be evaluated and employees that give more efforts should be rewarded accordingly. There are more than 3,500 employees employed at Holland Enterprises. ...is an important aspect as better compensation helps in improving the productivity of the employees and as the productivity of the organization improves, it will help the company in generating more sales or increasing its revenues. There are two important aspects that the organization has to look while giving higher compensation and benefits to employees; the first one is that higher compensation helps in improving the sales of the company, however, the second aspect of increasing the compensation is that it increases the cost of the company and therefore it might not lead to improving the profitability (Spector, 2006). Human resource is the most important resource of any organization regardless of what kind of products or services the company offers, therefore, it is important to satisfy the needs of human resource and to provide them effective compensation and benefits so that they remain motivated as well as productive (Hurtz, & Donovan, 2000). It is important to provide employees market competitive salary so that they are able to retain employees. Holland Enterprises has lost a large number of employees since 2007 because of their compensation and benefits system as the compensation offered by the company is unfair and the company does not reward the employees accordingly, therefore, several employees have resigned from Holland Enterprises. principle components of a typical compensation and benefits system There is no perfect compensation and benefits system that every organization can adapt. Compensation and benefits system has to change according to the specific situation and specific organizational culture. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“The Compensation and Benefits System of Holland Enterprises Research Paper”, n.d.)
The Compensation and Benefits System of Holland Enterprises Research Paper. Retrieved from https://studentshare.org/management/1442106-design-and-implementation-of-an-effective
(The Compensation and Benefits System of Holland Enterprises Research Paper)
The Compensation and Benefits System of Holland Enterprises Research Paper. https://studentshare.org/management/1442106-design-and-implementation-of-an-effective.
“The Compensation and Benefits System of Holland Enterprises Research Paper”, n.d. https://studentshare.org/management/1442106-design-and-implementation-of-an-effective.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
Employee compensation and benefits
Employee Compensation and Benefits The employees of a company are considered as the most important one of its factors of production. A company with efficient workers is more likely to be successful as the work of the employees has a direct impact over the performance of the entire organization.
2 Pages(500 words)Essay
Compensation and Benefits - Financial Reward System

The study leads to the conclusion that a good financial reward system is very important for the organization as it helps to improve the performance of the employees. The employees’ motivational aspects and the organization's objectives, as well as goals, can be observed as notably associated with a reward system.

8 Pages(2000 words)Term Paper
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
Compensation and Benefits System at American Express
In order to deal with internal and external market risks and strategically manage a company in such a manner that it can hire and retain quality human resource, expertly designed compensation and benefits packages are necessary. The compensation plans that organizations increasingly employ are routinely in line with the shareholder interests, cost constraints, and profitability targets, while concomitantly supporting employee development and retention.
3 Pages(750 words)Research Paper
Compensation Benefits
The market assessment job will compare compensation for our organization's jobs to the marketplace rate for comparable jobs. This method necessitates precise market-pricing surveys.Market pay is the compensation paid for an exact job...
4 Pages(1000 words)Essay
Compensation and Benefits
Currently Nike has over five hundred factory or office locations in around 45 countries all over the world, the majority of these are in Asia. With such extensive locations, Nike, an American corporation has a sizeable percentage of employees from diverse groups, Nike targeted to become one of the best Employer of Choice at the turn of the 21st century.
8 Pages(2000 words)Essay
Compensation & Benefits
Compensation and benefits play an essential role in attracting new employees and retaining old employees of the company. The employees
15 Pages(3750 words)Essay
Compensation and Benefits
According to Martires (2004), “the employees’ recognition and self-realization aspirations that stand at the apex of the hierarchical need structure are best met by the organization that provides opportunities for growth and development”
1 Pages(250 words)Essay
Compensation System
Compensation systems changes from one jurisdiction to another. When establishing a business in a new place, the employer should be familiar with the compensation systems. The compensation
2 Pages(500 words)Essay
t therefore influence decisions on the human resource management aspects and this paper discusses legal compliance, equity, and transparency as the most important professional and ethical issues in compensation and benefits. Legal factors are important aspects of an
1 Pages(250 words)Coursework
Let us find you another Research Paper on topic The Compensation and Benefits System of Holland Enterprises 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