StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Benefits Policy & Strategy - Assignment Example

Comments (0) Cite this document
Summary
It is widely accepted that customers are the center of focus in any business; it is also very true that employees are the stepping stone in the success or failure of a business. Different companies adopt different benefits policy for their workers because what is good for one…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER98.6% of users find it useful
Benefits Policy & Strategy
Read TextPreview

Extract of sample "Benefits Policy & Strategy"

Benefits Policy and Strategy Introduction It is widely accepted that s are the center of focus in any business;it is also very true that employees are the stepping stone in the success or failure of a business. Different companies adopt different benefits policy for their workers because what is good for one company may not be optimum for another (WorldatWork 2007). It is on the part of employees that this paper seeks to focus on their benefits, compensation and motivation strategies
Benefits Policy for New Light Construction Company
The company shall promote a worker who consistently demonstrates alacrity to work, respect for authority, hard work and is focused.
Human Resource Section
The section will be in charge of monitoring the conduct of employees, vetting and rewarding them on based on the criteria mentioned in the benefits policy.
Flexible Benefits Strategy
With a lot of research being carried out in this field, it is expected that benefits strategies are susceptible to change or to be flexible. Therefore, it is practical that WorldatWork argues that although the goal of motivating workers is the same in different companies, optimum mix or strategy of benefits may change even in the same company. This trend is probably due to changes in administration of the company over time. However, with these changes, it is possible for an expert in the field of benefits strategy to equip himself with the new types of benefits strategies in the following ways.
Research
A benefits strategy connoisseur is ought to be a timely researcher. As mentioned earlier, this field is fast changing and therefore, those who are involved should change too. The best too for this change is through research on new viable benefits strategies and how to use them.
Be Creative
Every new benefits strategy is as a result of creativity. To avoid being the last person to adopt what competitors have started, creating new and unique ways of motivating and encouraging employees.
Conclusion
Benefits policy and strategy has surely gone to a completely new level with every human resource manager trying to keep or acquire the best kind of employees there is. The only difference is on the way they do it.
References
WorldatWork. (2007). The WorldatWork handbook of compensation, benefits, & total rewards.
Hoboken, NJ: John Wiley & Sons. Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Benefits Policy & Strategy Assignment Example | Topics and Well Written Essays - 250 words”, n.d.)
Benefits Policy & Strategy Assignment Example | Topics and Well Written Essays - 250 words. Retrieved from https://studentshare.org/management/1611280-benefits-policy-strategy
(Benefits Policy & Strategy Assignment Example | Topics and Well Written Essays - 250 Words)
Benefits Policy & Strategy Assignment Example | Topics and Well Written Essays - 250 Words. https://studentshare.org/management/1611280-benefits-policy-strategy.
“Benefits Policy & Strategy Assignment Example | Topics and Well Written Essays - 250 Words”, n.d. https://studentshare.org/management/1611280-benefits-policy-strategy.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Benefits Policy & Strategy

Policy Analysis and Political Strategy

...tax comes in to ensure that those who pollute pay for the pollution. The third criterion is political feasibility; this entails that good policies should be adopted regardless of their political nature (Kamieniecki & Kraft, 207). The next step in the eightfold strategy is the outcomes. This measures outcomes of alternatives and seeing how each alternatives measure against the criterion. The first outcome is value; here, we look at the amount at which pollution has reduced because of use of the alternatives; also, we can look at number of life saved. The second is the break-even; this is where the alternatives provide benefits to the polluters that they prefer to break even their levels...
6 Pages(1500 words)Essay

Management Strategy and Policy

...residential properties to penetrate the mid-income segment of these markets. They should tie up with local banks operating in each region to provide for housing finance for this group. This will not only boost sale of units but also provide secure financing options to the firm for construction. Business Strategy The company should continue to embark on its current policy of expansion into new markets as it has good experience in real estate development. Emerging markets are the best bet in the near future as these are relatively more immune to the world economic turmoil due to low exposures on account of the fact that their financial markets are not very well developed. Moreover, these countries have...
8 Pages(2000 words)Research Paper

Tourism Policy and Strategy

...in tourism that followed the Foot and Mouth outbreak and the September 11th attacks in 2001. The tourism reform agenda has led to significant changes in the structures that help support the tourism industry. Most notable are the creation of VisitBritain as a dynamic marketing organisation promoting Britain abroad and England domestically, and the passing of regional tourism strategy in England to the Regional Development Agencies. Tomorrow's Tourism Today gives a clear guide to agreed roles and responsibilities for a programme of partnership for the growth of the tourism industry. Two specific goals of this tourism policy document are: promoting closer collaboration between the public bodies...
6 Pages(1500 words)Assignment

Housing Policy and Strategy

...HOUSING POLICY AND STRATEGY Introduction: Hall (1993) refers ideas as important precursors of agenda setting which not only provide goals for a policy but are also instruments to achieve those goals. According to Birkland (1997) agenda setting is the society acting through politicians and social institutions to apprise them of problems with acceptable solutions. The issue getting agenda status does not mean it would become a policy. The policy makers may have their own interpretations and priorities. The present study is an attempt to discuss role of agenda setting in policy making. It then presents UK housing policies...
6 Pages(1500 words)Essay

Organizational Policy and Strategy

...facilitated the company to keep abreast with the changes and maintain a competitive edge over their rivals, has been its ability to test new approaches in its business strategy. Answer 6 In 2005, Samsung was a market leader in the field of semiconductors, electronics and telecommunication accessories. With 337 foreign operations located across 58 countries and 212,000 strong workforce, the company’s total sale in 2004 had reached $135 billion. The major cost drivers for Samsung have been its policy of innovation and state of the art R&D programmes. The second most important factor has been the intrinsic belief of its CEO on the capabilities of its workforce and merit based promotions that motivate the...
4 Pages(1000 words)Case Study

Tourism/Aviation Policy & Strategy

...to arrive at pragmatic and satisfactory course of action with immediate effect without weighing alternatives (Innes and David, 2010:201). Recently, robust decisions led to efforts where policymaking process integrates formal uncertainty, which in turn factors out controlled and structural aspects of prescriptive approach to policymaking (Stefan, Linz, and Yana, 2010:99). In conclusion, designing or crafting approach to policy making succeeds more than prescriptive decision-making because the former involves analysis of a finite set of solutions and alternatives (Courtney, 2002:74). As a result, it becomes possible and easy to evaluate criteria whereby these criteria may be in form of cost or benefit in...
2 Pages(500 words)Essay

Business Policy & Strategy

...Business Policy & Strategy‏ Assignment 1 Question 1 As a company starts trading in the high-end market, it is not feasible to move back or enter market for cheaper products. High-end goods, targeted at affluent clientele, generally give a large and lucrative profit margin. For example, companies obtaining 50 percent gross margins by portable digital audio players could not settle for 30 percent gross margins from cheaper, slower, CD players. They would not damage their personal high-end clientele. In contrast, companies producing the CD players were eager to explore the high-end, high-revenue production, so they quickly enhanced the CD players (Dastur, 2011, p. 91). Established companies are already in industry and...
5 Pages(1250 words)Essay

Business policy & strategy

...Running Head: BUSINESS POLICY AND STRATEGY Business Policy and Strategy [The of the will appear here] [The of the id will appear here] [The name of the course will appear here] [The name of the course number will appear here] Unit III Case Study  Strengths The biggest fast food brand; Strong brand image as the logo M is strongly associated with the company; Strong Geographic reach extending to around 120 countries worldwide with more than 34,000 restaurants worldwide (McDonalds, 2014); McDonalds has customized its menu to serve the local tastes of the areas where they operate; Strong Financial Position Weaknesses Has been the negative light for its labor practices by...
4 Pages(1000 words)Case Study

Business Strategy and Policy

...Business Strategy and Policy Table of Contents Question a The opportunities and threats faced by Kellogg 3 Opportunities: 3 Threats: 3 Question 1 (b): Porter’s Five Forces Model to assess the competitive position of Kellogg 4 Question 2 (a): Acquisition of Quaker Oats from PepsiCo 5 Question 2 (b): Strengthening the strategic fit with Quaker Oats 6 Question 3: Pitfalls in strategic planning 6 Question 4: Steps involved in performing an IFE Matrix 8 9 Reference List 10 Question 1 (a): The opportunities and threats faced by Kellogg Opportunities: Kellogg has a successful record related to global expansion. The company has always focused on international business expansion. It has efficiently reached a wide...
4 Pages(1000 words)Assignment

Strategy, Policy and Law

...Summary; Strategy, Policy and Law Summary: Strategy, Policy, and Law The article focuses on the stalemate concerning funding the Department of Homeland Security (DHS). The Republicans and Democrats are on a disagreement on whether to fund the department or not, as well as, the fate of the immigrants. The Republicans in the House took advantage of their numbers and passed a budget bill that will undo the President’s immigration policies and fund DHS through September 30. On the other hand, Democrats in the Senate have rejected the bill thrice insisting that they will never support it as long as it contradicts the President’s decision on immigrants...
1 Pages(250 words)Essay
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 Assignment on topic Benefits Policy & Strategy for FREE!

Contact Us